Mark time basis definition

Mark time basis means the protectable earnings are payable during the appropriate period, with no increase to that rate during that time unless the rates these are paid in the new post catch up with the “mark time” pay. If they do, and are more than the “mark time” pay, you will move over to the new pay rates applicable for the new job earlier than the end of the protection period. In any event, at the end of the appropriate period short term protection will cease and all overtime, shift work or other additional duties will be calculated and paid at the rate applicable to the new post.
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Related to Mark time basis

  • Day means calendar day.

  • Business Day means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed.

  • Effective Date has the meaning set forth in the preamble.

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

  • Confidential Information means any information which is designated by either Party as confidential or which, by its nature is or ought to be considered as confidential (whether or not it is so marked) and includes all Personal Data, all IPRs and any information that relates to the business, affairs, developments, trade secrets, know-how, personnel, and suppliers of either Party.