Tip credit definition

Tip credit means the amount or percentage by which an employer is allowed to reduce the minimum wage for a tipped employee.
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Tip credit provisions would not apply unless Entertainer was informed of them; this document serving as such notice. Entertainer would further be entitled to retain all tips - but not Entertainment Fees - that she might collect (the Club would not retain any portion of her tip income), although she would be required to pay 15% of her tips into a “tip pool” that would be distributed to non-dancer regularly tipped employees. The parties additionally acknowledge that were the relationship between them to be that of employer/employee, Entertainer’s employment would be “at will” (she could be fired at any time without cause and without prior warning), and the Club could control, among other things, Entertainer’s: Work schedule and hours of work; job responsibilities; physical appearance (such as make-up, hairstyle, etc.); costumes/wearing apparel; music; work habits; the selection of her customers; the nature, content, character, manner and means of her performances; and her ability to perform at other locations. ENTERTAINER REPRESENTS THAT SHE DESIRES TO BE ABLE TO MAKE ALL OF THESE CHOICES HERSELF, WITHOUT THE CONTROL OF THE CLUB, AND THE PARTIES AGREE THAT ALL SUCH DECISIONS ARE EXCLUSIVELY RESERVED TO HER CONTROL. ENTERTAINER FURTHER REPRESENTS THAT SHE DOES NOT DESIRE TO PERFORM AS AN EMPLOYEE OF THE CLUB UNDER THE TERMS OUTLINED ABOVE, BUT, RATHER, DESIRES TO PERFORM AS A TENANT CONSISTENT WITH THE OTHER PROVISIONS OF THIS AGREEMENT.
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Examples of Tip credit in a sentence

  • Tip credit as defined by the Fair Labor Standards Act of 1938 as amended does not apply to the minimum wage established by this section.

  • Tip credit will be factored into the hourly rate for tipped employees.

  • Tip credit information was conveyed orally by the manager and/or trainer responsible for onboarding, and through written materials provided to or shown to employees upon hire or during onboarding and training.

  • Tip credit: §3(m) permits an ER to take a credit against wages due to a tipped EE of up to 50% of min wage Other compensable/non-compensable:- §254(a) time spent changing into and out of work clothes and washing at the beginning and end of the work day is compensable time under the FLSA if such activity is required by the ER, by law or by the nature of the work, or if established under collective bargaining or established practice.

  • Tip credit for non-tipped duties.The USDOL standards for tipped employees at 29 CFR531.56 (relating to ‘‘more than $30 a month in tips’’) in effect as of May 7, 2022, are incorporated by reference with the exception of subsection (f)(4)(ii).§ 231.112.

  • Contoh model ini adalah pada bidang Natural Theology yang menyatakan bahwa bukti adanya desain pada alam semesta membuktikan adanya Tuhan, sementara Drees menyodorkan contoh tentang konsep teologi evolusi ala Piere Teilhard da Chardin dan filsafat proses Alfred N.

  • Tip credit is not an exemption to MW, but allows a WORKSITE to claim a portion of your MW using reported tips.

  • Tip credit adjustments are made to increase wages if the hourly rate falls below minimum wage during any pay period.

  • I will address the tip credit notice first.1. Tip credit It is undisputed that Defendant in each year at issue posted wage and hour posters in a location next to where Plaintiffs clocked in and out during their employment with Defendant.12 (Tr. 97, 101, 102–03, 116, 125, 158–59, 194–95, 203–04, 215–221, 228–29; Tr. II.

  • Tip credit and tip pooling provisions of the Fair Labor Standards Act (CRS In Focus IFI0917).

Related to Tip credit

  • DIP Credit Agreement means the credit agreement with respect to the DIP Facility.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Five-Year Credit Agreement means the Five-Year Revolving Credit Agreement dated as of July 13, 2001 among the Borrower, the lenders party thereto and JPMorgan Chase Bank, as "Administrative Agent" under and as defined in the Five-Year Credit Agreement.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Customer Credit Liabilities means at any time, the aggregate remaining value at such time of (a) outstanding gift certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the Borrowers.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • New Credit Facility is defined in Section 9.8.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • New Credit Agreement means the new credit agreement entered into as of December 23, 2021 in connection with the Closing of the Business Combination, by Fathom OpCo, certain lenders, and JPMorgan Chase Bank, N.A., as administrative agent thereunder.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.