Remuneration Rate definition
Examples of Remuneration Rate in a sentence
Such travel days shall be reported in the monthly timesheet and compensated (at the Daily Remuneration Rate as per Annex 1, article 4.2(c)), but shall not affect the Work/Leave Rotation Cycle.
This will be calculated at the Total Remuneration Rate divided by 1976 hours per annum multiplied by the number of hours of annual leave that employees have accrued but not taken at the time of termination.
For full-time and part-time employees, all overtime as defined in clauses 4.7 a) and 4.7 b) will be paid at the rate of 170% of the Loaded Remuneration Rate.
The Daily Remuneration Rate for International and National Short Term Advisers shall be inclusive of: i base salary; ii superannuation levy, if any; BUT exclusive of: iii any profits, overheads, administration or management fee, or any other mark-up/margins on the part of the Contractor.
In addition, employees required to work on Christmas Day (25 December), will be paid at 170% of their Loaded Remuneration Rate for any time worked between 00:00am until 23:59pm.
The salary actually paid out to the Employee is calculated at the Daily Remuneration Rate (as perAnnex 1, article 4.2(b)) multiplied by the number of days actually worked on site or recognized as travel days (article3.4) during that calendar months.
Remuneration Rate Level Definition All personnel are to be competency assessed as required, if an individual is not performing to the required level, then they will be dropped back to the previous level.
Loaded Remuneration Rate Means the Base Remuneration rate plus all overtime, penalties, public holidays worked (excluding Christmas Day) and allowances the employee would have otherwise been entitled to under this Agreement.
Remuneration Rate of pay: You will be paid the rate of £[AMOUNT] per 50-minute period in accordance with the College's salary scale from time to time in force.
For casual employees, all overtime worked will be paid at the rate of 170% of the Base Remuneration Rate.