Straight Time Pay definition

Straight Time Pay means a Participant's highest base salary during the calendar year in which his Termination Date occurs, plus the average of the most recent three years' commission pay (if employed less than three years, the average of the period of employment). Base salary shall include "add ons" such as monthly shift differential, monthly premium pay, etc., but shall not include overtime pay. For Participants who were part-time Employees "Straight Time Pay" shall mean the actual average salary, plus the average of the most recent three years' commission pay (if employed less than three years, the average of the period of employment), paid during the calendar year in which the Participant's Termination Date occurs.
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Examples of Straight Time Pay in a sentence

  • During the pay period where vacation is taken or sickness occurs, the missed shifts will be paid out as if the employee was at work but only at Straight Time Pay.

  • Overtime pay and compensatory time off provided in subsection 7.2, Overtime, subsection 7.3, Compensatory Time, and subsection 7.4, Straight Time Pay and Straight Time Compensatory Time, do not apply to employees in classifications in the Public Defender series or to other employees exempt from overtime under the Fair Labor Standards Act.

  • For up to the next fifty-two (52) weeks the amount, when added to his/her Employment Insurance Benefit and Other Compensation, will equal 50% of his/her Weekly Straight Time Pay.

  • The parties agree to use the following terms and conditions for the Four‐Forty (4‐40) Voluntary Ten (10) Hour Staffing at Straight Time Pay.

  • In it is the Company’s intent to establish new parental and leave allowances which will provide seniority employees with weeks of benefits, or for duration of the leave, if shorter, at of Straight Time Pay less Employment Insurance Benefits.

  • I understand the terms and conditions of the Four‐Forty (4‐40) Schedule at Straight Time Pay I further understand these positions are temporary and that they may be discontinued by the Employer or the SCNSC with thirty (30) days notice.

  • In addition, it is the Company’s intent to establish new parental and adoption leave allowances which will provide seniority employees with 10 weeks of benefits, or for duration of the leave, if shorter, at 65% of Weekly Straight Time Pay less Employment Insurance benefits.

  • It is the Company’s intent to establish a new maternity leave allowance which will provide seniority employees with up to 16 weeks of benefits at 75% of Weekly Straight Time Pay less Employment Insurance benefits.

  • For up to the next 39 weeks the SUB benefit will be calculated at 50% of Weekly Straight Time Pay.

  • Regular employees shall earn the following vacation with pay: Years of Continuous Service Workdays of Vacation Percent of Straight- Time Pay The pay associated with the above annual vacation entitlement is to be calculated as a percentage of the regular employee's total straight-time paid wages at the current rate or a percentage of gross earnings, whichever is higher.