Holiday Compensation definition

Holiday Compensation means the first eight (8) hours worked on a Holiday which shall be compensated at one and one half (1 ½) the employees normal rate of pay. In addition they will be compensated at their normal rate of pay for all Holiday hours they would accrue had they not been scheduled to work.
Sample 1
Holiday Compensation means either pay or holiday compensatory time at a time and a half rate for those hours worked on a holiday. The appointing authority shall determine whether the compensation for this holiday work will be in the form of pay or holiday compensatory time.
Sample 1
Holiday Compensation. A unit member required to work on any holiday shall either receive paid compensation, or granted compensatory time off, at the rate of one and one-half (1-1/2) times the unit member’s regular pay in addition to the regular pay received for the holiday. Note: The calendar week starts on Sunday and ends on Saturday while the regular workweek begins on Monday and ends on Friday of that week.
Sample 1

Examples of Holiday Compensation in a sentence

  • Except as provided for in paragraph 350 (Holiday Compensation for Time Worked) persons employed for holiday work only, or persons employed on a part-time work schedule which is less than twenty (20) hours in a biweekly pay period or persons employed on an intermittent part-time work schedule (not regularly scheduled) or persons on leave without pay status both immediately preceding and immediately following the legal holiday shall not receive holiday pay.

  • Paid Holiday Compensation for work on a designated paid holiday will be in accordance with the overtime paragraphs B4.01 (d) (i) and (ii).

  • Employees may cash-out Holiday Compensation at the time of separation or retirement but may not cash-out Holiday Compensation prior to separation or retirement.

  • Our Corporate Safety Statement (Section 3: Organisation and Responsibility) sets out arrangements for these and how to monitor them.

  • Hours on Pay Status During Pay Period Holiday Compensation in Hours for Each Holiday 0-10.9 0 11-30.9 1 31-50.9 2 51-70.9 3 71-90.9 4 91-110.9 5 111-130.9 6 131-150.9 7 151 or over 8* *Notwithstanding any other provision, an employee can only accrue up to eight (8) hours of holiday credit per holiday.

  • Holiday Compensation Rules‌ Part-time employees who begin employment before and remain employed after the designated holiday will be compensated in cash or Compensatory Time for the holiday in an amount proportionate to the time they were in pay status during the month prior to the holiday.

  • RUTGERS UNIVERSITY COMMITTEE OF INTERNS & RESIDENTS Xxxx Xxxxxx Xxxxxx Xxxxxxxx Appendix A Holiday Compensation Form Date: Resident Name: Program: Holiday Worked (include date): Hospital Where Worked: List at least three dates in order of preference for alternate day off; form must be submitted within ten days of holiday.

  • Paid Holiday Compensation for work on a designated paid holiday will be in accordance with the overtime paragraphs B4.01(d)(i) and (ii).

  • Continuation ARTICLE VII NO STRIKE CLAUSE 13 Section 7.1. No Strike 13 Section 7.2. No Lockout 13 ARTICLE VIII HOLIDAYS 14 Section 8.1. Holidays 14 Section 8.2. Personal Time 14 Section 8.3. Holiday Compensation.

  • Law Enforcement Holiday Compensation will refer to the Police Department’s current Policy.

Related to Holiday Compensation

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Annual Compensation means an amount equal to the greater of:

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Final compensation of a member means:

  • Creditable compensation means the full compensation payable annually to an employee working

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after the effective date of the NYSE listing standard, (ii) after the person became an Executive Officer and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • 415 Compensation means:

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Current Annual Compensation means the greater of:

  • Final Average Compensation means the average annual

  • Additional Compensation has the meaning given to it in Section 10.2;

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.