Pay class definition

Pay class means a group of producers who qualify for the same volume premium.
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Examples of Pay class in a sentence

  • The following is an example of this calculation: 30.80 Evening Shift Base Rate of Pay, class 1 May 2019-2020 (above) multiply 2 Double time for overtime evening shift $ 61.60 multiply 30.80 * 2 and: 2.00 Vacation contribution multiply 2 Double vacation contribution $ 4.00 multiply 2.00 * 2 Vacation contributions (along with other fringe benefits contributions) are made separately, in addition to the above evening shift base rate.

Related to Pay class

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).