Start Rate definition
Examples of Start Rate in a sentence
Borrower Qualification Numeric – Integer 3 99 Always See Coding 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown 119 City The name of the city.
Each employee who enters the service of the Company shall begin employment at the Start Rate for the appropriate job title, except that appropriate allowance over such starting rate may be made by the Company for an employee who has had previous experience or training considered to be of value.
If the Company hires an employee with no prior training or experience at a rate of pay higher than the Start Rate, it shall raise the existing wage rate of all incumbents in that title and Market to match the rate of pay for the newly hired employee effective with the date of hire.
Each employee who enters the service of the Company shall normally begin employment at the Start Rate for the appropriate job title, except that appropriate allowance over such starting rate may be made by the Company for an employee who has had previous experience or training considered to be of value.
An allowance as recognition of relevant past service in nursing shall be given a newly hired Nurse on the basis of one (1) year of such relevant experience shall equal one (1) step past Start Rate on the Salary Schedule up to the maximum of the salary grid.
The rate of pay for each competency period of apprenticeship shall be based on the following table: Apprentice 1st Period = 60% of the Journeyman’s Rate 2nd Period = 70% of the Journeyman’s Rate 3rd Period = 80% of the Journeyman’s Rate 4th Period = 90% of the Journeyman’s Rate For the purposes of this Article, the Journeyman’s Rate for a new employee shall be considered the Start Rate in accordance with Schedule “A1”.
Employees participating in this program will be paid his/her current rate of pay or Repair Classification Start Rate whichever is the greater of the two.
AVOP Premium Start Rate $0.77 12 Month Rate $1.77 24 Month Rate $2.77 Over scaled drivers will have their rates adjusted accordingly.
Employer may, at its sole discretion, implement, modify, or eliminate incentives to hire new employees, including recognizing a new hires’ prior work experience in a bargaining unit classification through a Start Rate exceeding the below minimum straight-time hourly rates, encourage safe working practices, or for any other business reason.
In such case, an employee in A (Probation Rate), B (Start Rate) or C (Standard Rate) will receive the same rate (A, B or C) in the lower salary grade.