OT Rate definition

OT Rate means the OT Rate in the Table of Effective Rates which has been set by the Company for service under Rate Schedule OT, Overrun Transportation Service.
View Source
OT Rate is the Other Tax Rate which shall be the rate payable in respect of any taxes that Seller is obligated to pay other than VAT on production sales. Details of this component would be established upon the introduction of those new taxes. ** * Purchaser recognizes that the intent of this provision is to cause the Energy Payment to Seller to be adjusted so that the net amount received after payment of all taxes and fees other than VAT equals the net amount that would have been received had the taxes and fees not been imposed.
View Source
OT Rate. IS THE OTHER TAX RATE WHICH SHALL BE THE RATE PAYABLE IN RESPECT OF ANY TAXES THAT SELLER IS OBLIGATED TO PAY OTHER THAN VAT ON PRODUCTION SALES. DETAILS OF THIS COMPONENT WOULD BE ESTABLISHED UPON THE INTRODUCTION OF THOSE NEW TAXES. * * Purchaser recognizes that the intent of this provision is to cause the Energy Payment to Seller to be adjusted so that the net amount received after payment of all taxes and fees other than VAT equals the net amount that would have been received had the taxes and fees not been imposed.
View Source

Examples of OT Rate in a sentence

  • Mechanic Rate: $57.93 per hour, Mechanic OT Rate: $79.95 per hour upon approval, unless authorized an emergency by Superintendent or designee of District.

  • Field Description Size Format Contents Fringe Benefit Description 25 Alpha/Num Fringe Benefit or Fund Description Fringe Benefit Base Rate 8 $xxx.xxxx Base Fringe Benefit Rate Taxed / Non-Taxed 1 Check= Taxable Fringe Benefit Fringe Benefit OT Rate 8 $xxx.xxxx OT Fringe Benefit Rate Fringe Benefit DT Rate 8 $xxx.xxxx DT Fringe Benefit Rate BILLING-XTRAS makes a distinction between Fringe benefits and Taxable Fringe Benefits.

  • Table 8: Salary Rates per Transfield Services Classification Classificatio n Annual Wages $ Weekly Wage $ Hourly Rate $ 1.7 OT Rate $ AFF level 1 $ 55,174.12 $1061.04 $25.49 $43.33 AFF level 2 $56,366.88 $1083.98 $26.04 $44.27 AFF level 3 $58,717.63 $1129.19 $27.13 $46.12 AFF level 4 $66,988.18 $1288.23 $30.95 $52.61 Station Officer $79,130.45 $1521.74 $35.04 $59.58 Salary rates set out in table 9 apply from the first pay period after the 14th February 2010.

  • The minimum overtime payment for shift extensions (excluding preparatory work) will be 1 hour at the Appropriate OT Rate as per sub-clause 12.6.

  • Table 7: Salary Rates per Transfield Services Classification Classificatio n Annual Wages $ Weekly Wage $ Hourly Rate $ 1.7 OT Rate $ $24.39 $41.46 AFF level 1 $52,798.30 $1015.35 AFF level 2 $53,933.98 $1037.30 $24.92 $42.36 AFF level 3 $56,189.12 $1080.56 $25.95 $44.13 AFF level 4 $64,103.73 $1232.76 $29.62 $50.35 Station Officer $75,722.82 $1456.21 $33.54 $57.02 Salary rates set out in table 8 apply from the first pay period after the 14th February 2009.

  • Social benefits and Bonus Leave and additional leave TOTAL cash D & D Allowance IMO & Training TOTAL Monthly Consolidated Wage O/T Rate Divisor Days 6,50 60 hrs O/T hrs Officers 70,00 O/T hrs Ratings 70,00 1 2 3 4 5 6 7 8 9 10 Master 3,702 2.136 1.047 555 126 534 4.399 30 30 4.459 14,96 Chief Engineer 3,385 1.953 958 508 126 488 4.033 30 30 4.093 13,68 Chief Mate / 1st Eng.

  • Enter the Base Wage for this Labor Item: BILLING-XTRAS anticipates the OT Rate at time and one half (1 ½) and the DT Rate at double time (2) and completes these fields.

  • For the avoidance of doubt, overtime will be paid at the rate of triple time of the base hourly rate for overtime hours worked only (Appropriate OT Rate).