Pyramiding definition

Pyramiding means the payment of two (2) or more premiums under different provisions of this Collective Agreement for the same hours worked.

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Pyramiding means the use of unrealized profits on existing Commodities positions to provide margins for additional Commodities positions of the same or a related commodity.

Pyramiding means the use of unrealized profits on existing Currencies to provide margin for additional Currencies positions of the same or related Currency.

Examples of Pyramiding in a sentence

• Pyramiding is defined as counting hours paid at a premium (multiplication factor of 1.50) in the calculation to determine if an employee has worked forty (40) hours or more in the work week.

• No Duplication or Pyramiding of Overtime and Other Premium Pay - For each period of time for which an employee is entitled to compensation pursuant to a provision of this Agreement, they shall be paid in accordance with that pay formula set forth in this Agreement which entitles them to the greatest amount of compensation, but they shall not be entitled to compensation pursuant to any other pay formula set forth in this Agreement.

• Pyramiding is defined as counting hours paid at a premium (multiplication factor of 1.50) in the calculation to determine if an employee has worked 40 hours or more in the work week.

• No Pyramiding of Overtime – Overtime paid on a daily basis will not be used to calculate weekly overtime.

• Pyramiding means not being paid for the same time period worked that has already been paid.

More Definitions of Pyramiding

Pyramiding. The payment of more than one form of premium compensation for the same hours of work.

Pyramiding means a Participant's payment, in whole or in part, of the Exercise Price of an Option made by exchanging a Share(s) that the Participant had acquired pursuant to the exercise of another option during the preceding six (6) months (under this Plan or any other plan or program of the Corporation or a Subsidiary) or had otherwise acquired from the Corporation or a Subsidiary during the preceding six (6) months without paying full consideration for such Share(s).

Pyramiding means the use of unrealized profits on existing Instruments to provide margin for additional Instruments positions of the same or related Instrument.

Pyramiding means the payment of two or more premiums for the same hours worked. There shall be no pyramiding of premiums, except an Employee may receive overtime pay and standby pay at the same time. Where two or more premiums may apply, the Employee will receive the higher of the premiums.

Pyramiding for the purpose of this Article, shall mean using or “counting” hours paid at time and one-half (1-1/2) toward the FLSA overtime threshold of forty (40) hours in a workweek.

Pyramiding means a method of using all or a part of an unrealized profit in a Commodity Contract position to provide margin for any additional Commodity Contracts of the same or related commodities.

Pyramiding means, if the Committee in its sole discretion permits, a Participant's payment, in whole or in part, of the Exercise Price of an Option made by exchanging a Share or Share(s) of Common Stock that the Participant had acquired pursuant to the exercise of another Option during the preceding six months (under this Plan or any other plan or program of the Corporation) or had otherwise acquired from the Corporation during the preceding six months without paying full consideration for such Share(s).