Pay Rate definition
Pay Rate means those actual direct labor expenses that are incurred for the benefit of performing the Work under a specific Subcontract(s). These expenses, as defined, must satisfy the allowability and allocability requirements of Federal Acquisition Regulation (FAR) Part 31, Contract Cost Principles. The Subcontractor’s actual Pay Rate(s) solely consists of direct labor (gross hourly wage(s)) expenses that are completely unburdened with profit or any application of G&A, overhead or indirect rate expenses.
Pay Rate. : shall mean the annual interest rate of two percent (2.0%).
Pay Rate has the meaning set forth in Section 3(a).
Examples of Pay Rate in a sentence
Pay rate calculated at 1/1080 of the base annual salary up to a maximum amount calculated from Class C, Step 2, on the Teachers' Salary Schedule for K-12 and preschool, or Class 5, Step 2, on the Salary Schedule for Teachers of Adult Education.
After an employee has served two (2) consecutive calendar weeks in a vacant, full-time, budgeted, higher-level position, they shall be compensated at the Temporary Upgrade Assignment Pay rate for each full day that they are assigned to the higher-level position, retroactive to the first (1st) day of said assignment.
More Definitions of Pay Rate
Pay Rate means an employee’s hourly pay rate as specified in the compensation rate field contained in HCM, the Port’s HRIS system.
Pay Rate classification" shall mean the division of positions into levels of comparable work and consistent rate of pay.
Pay Rate means those actual direct labor expenses that are incurred for the benefit of performing the Work under a specific Subcontract/Subaward/Contract(s). These expenses, as defined, must satisfy the allowability and allocability requirements of Federal Acquisition Regulation (FAR) Part 31, Contract Cost Principles. For Subawards and Contracts under Assistance Awards funded with Federal funds, these expenses must satisfy the allowability and allocability requirements of 2 CFR 200 Subpart E - Cost Principles. The Supplier’s actual Pay Rate(s) solely consists of direct labor (gross hourly wage(s)) expenses that are completely unburdened with profit or any application of G&A, overhead or indirect rate expenses.
Pay Rate means the hourly or daily rate of gross pay agreed between the parties for any Assignment and any other applicable benefits for which there is a cash equivalent paid to the Temporary Worker, profit share, commission, bonus, living allowances, car allowance, travel allowances, overseas allowances and joining inducements (“Pay”); together with, for all PAYE Temporary Workers, a charge in respect of: (i) Employer’s National Insurance contributions at 13.8% of Pay (“ENI”); (ii) pension contribution costs under clause 10 at 2% of Pay; and (iii) apprenticeship levy at 0.5% of Pay. The Pay Rate is inclusive of any holiday pay to which the PAYE Temporary Worker is entitled. ENI and the apprenticeship ▇▇▇▇ will be payable for limited company contractors on Assignment at a public sector or publicly funded client who are in- scope of the IR35 rules.
Pay Rate means a rate per annum equal of two percent (2.0%).
Pay Rate. As defined in the PELRA, teachers may apply for and/or be assigned by the administration as department chairpersons and team leaders. Payments, as reflected in Schedule C, will appear as separate line items on the pay statement.
Pay Rate means the normal monthly rate of pay or base pay of the member paid in cash to similarly situated members of the same group or class of employment for services rendered on a full-time basis during normal working hours. "Pay rate" for a member who is not in a group or class, means the monthly rate of pay or base pay of the member, paid in cash and pursuant to publicly available schedules, for services rendered on a full-time basis during normal working hours, subject to statutory limitations. (Gov. Code, § 20636, subd. (b)(1).)