Per Diem Basis definition

Per Diem Basis shall be the amount obtained by dividing the contractual salary, including longevity, by the number 183.
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Per Diem Basis. Shall be defined as the employee's annual salary including any extra classes, but excluding any extra duty compensation, divided by the number of employee working days provided in the calendar for that year.
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Per Diem Basis means the amount obtained by dividing the
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Examples of Per Diem Basis in a sentence

  • Services may be financed in one of four different ways: Per Diem Basis: $2000.00 (USD) per day, plus expenses (travel, hotel, food, etc.) Yearly Retainer: $250,000 (USD) per year, plus revenue sharing agreement Equity Stake: Equity within the Company may be exchanged for services, on an individual basis.


More Definitions of Per Diem Basis

Per Diem Basis means the amount obtained by dividing the contractual salary by the total number of working days, as defined Appendix III in this Agreement. Days are further subdivided into 8 hours per day as needed.
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Per Diem Basis means a determination that is required be to based upon a specific number of days of the week, weeks in a month, or months in a calendar year, as applicable.
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Related to Per Diem Basis

  • Straight-time rate means the hourly rate of remuneration.

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.