Hourly Base Rate definition

Hourly Base Rate means, with respect to any hours billed by a Non-Billable Employee, (A)(i) such Non-Billable Employee’s annual base salary then in effect for the applicable year of billing times (ii) 1.18 divided by (B) 2,080.
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Hourly Base Rate means an employee’s hourly base straight time of pay and shall not include overtime, skill pay, holiday pay, or other special salary differential(s) or pay.
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Hourly Base Rate means the base rate of pay obtained by calculating: 𝐹𝑜𝑟𝑡𝑛𝑖𝐹𝐹ℎ𝑡𝑙𝑦 𝐵𝑎𝑠𝑒 𝑅𝑎𝑡𝑒.
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Examples of Hourly Base Rate in a sentence

  • An Employee shall be paid three ( 3 ) times the Hourly Base Rate for time worked beyond fifteen (15) hours on holidays.

  • If the appropriate rest period is not provided, each hour worked during the rest period shall be paid at three ( 3) times the Employee's Hourly Base Rate.

  • If the appropriate rest period is not provided, each hour worked during the rest period shall be paid at three times (3X) the Employee's Hourly Base Rate.

  • An Employee shall be paid three times (3X) the Hourly Base Rate for time worked beyond fifteen (15) hours on holidays.

  • Your payment will be made up of: Basic Hourly Base Rate + Deprivation Supplement x No. of hours participation.

  • The NTE Fully Burdened Hourly Base Rate used by Purchasing Entity for Services will be selected based on the jurisdiction of the Purchasing Entity and where Services are being Performed.

  • Contractor will be compensated based on (i) the NTE Fully Burdened Hourly Base Rate or SOW-Based Fixed Fee, (ii) the MSP Service Fee, and (iii) when applicable, the VMS Service Fee.

  • NTE Fully Burdened Hourly Base Rate for applicable position title vi.

  • Contractor shall provide a Maximum Key Performer Premium to Purchasing Entity that may be applied by written mutual agreement between the Contractor and Purchasing Entity to the NTE Fully Burdened Hourly Base Rate for a Contingent Worker meeting or exceeding key Performance criteria requirements.

  • Over the term of this agreement the Employer will pay the applicable Hourly Base Rate from the first full pay period commencing on or after the dates in this schedule based upon Employees commitment to implement productivity and operational improvements from the first full pay period commencing on or after the dates in this schedule.


More Definitions of Hourly Base Rate

Hourly Base Rate means the hourly rate applicable to the “Ordinary Hours” component of the remuneration
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Hourly Base Rate means the gross hourly rate of pay for an employee under this Agreement.
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Related to Hourly Base Rate

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • Fixed Base Rate means, for each Disbursed Amount, the equivalent of the London interbank offered rate for six-month deposits in dollars for value on the Rate Fixing Date for such Disbursed Amount, expressed as a single fixed interest rate based on the fixed interest rates corresponding to the repayment installments of such Disbursed Amount, as reasonably determined by the Bank and expressed as a percentage per annum.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.