Total Pay definition

Total Pay means wages received for work performed at either the straight time or time and one-half and statutory holiday pay.
Total Pay for calculation of vacation pay shall include only wages paid for work performed, Weekly Indemnity insurance paid, WSIB paid, and previous Vacation Pay paid, excepting those employees who terminate their employment. On termination, these persons will be paid Vacation Pay based on their regular % of earnings, except that the "earnings" will not include previous Vacation Pay paid. Retirement on Pension or Death is not considered as termination.
Total Pay means wages received for work performed at either the straight time or time and one- half (1-1/2) rate and holiday pay. Vacation pay will be paid by way of separate cheques.

Examples of Total Pay in a sentence

  • Payment of incentive or disincentive for pay items subject to the PWL method will be calculated using: Payment = (((TPF/100)-1) x CUP) x (TOTPAVT - DEFPAVT) TPF = Total Pay Factor CUP = Contract Unit Price TOTPAVT = Area of Pavement Subject to Coring DEFPAVT = Area of Deficient Pavement The TPF for the pavement shall be the average of the PF for all the lots; however, the TPF shall not exceed 102 percent.

  • Ft only 18:06 Definition: Total Pay "Total Pay" includes all wages received whether pay as hourly rate, overtime, premium pay or shift pay and money paid for days not worked i.e. paid holidays but excluding the previous year's vacation pay.

  • We define as Total Pay the sum of these two pay components and as Bonus Share the ratio of Bonus Pay to Base Salary.

  • Asia/Pacific, Executive Vice President of Human Resources and Senior Vice President of Total Pay of Starbucks Coffee Company, Chief People Officer of ASDA (Walmart), of Guess?, Inc., and of Jacobs Douwe Egberts.

  • This measure captures the uncertainty that investors face in the financial markets, and the noise in trying to assess managers’ actions.We also control for compensation structure by incorporating a measure of pay-for- performance (calculated as each industry’s average proportion of compensation that is incentive based (Incentive Pay / Total Pay)).


More Definitions of Total Pay

Total Pay means regular straight-time earnings or base salary, plus payments for overtime, shift differentials, incentive compensation, bonuses, and other special payments, fees, allowances or extraordinary compensation.
Total Pay for any given year means the Participant’s salary and targeted cash bonus for such year.
Total Pay means regular straight-time earnings or base salary, plus payments for overtime, shift differentials, incentive compensation, bonuses, and other special payments, fees, allowances or extraordinary compensation, prior to reduction pursuant to Section 125, 132(f) or 401(k) of the Code, but excluding allowances and reimbursements for expenses such as relocation allowances or travel allowances, income or gains on the exercise of Company stock options, and similar items.
Total Pay means a Firefighter's total pay including all elements of pay except for
Total Pay means Total Pay as defined in the 401(K) Plus Plan (and as formerly referred to as “Retirement Plan Compensation”) for purposes of determining a Participant’s Basic and Performance Contributions, but without regard to any limits on includible compensation imposed by the Tax Limits.
Total Pay means the sum of a pilot’s pay events including hours flown (credit value plus all pay no credit), trip protection, sick leave, OI pay, trip rig, Xxxxxx Xxxxxxx premium, CRAF premium, vacation, Deadhead, training and Company Business.
Total Pay means wages received for work performed at either the straight time or time and one-half rate and holiday pay. An eligible employee desiring to take vacation at a particular time may do so by written request, delivered to department manager, prior to April of that vacation year. Vacation shall be allotted in accordance with seniority and the employee's preference subject to the Company being able to maintain qualified and adequate staff in the department or area concerned. The employee will be notified within thirty (30) days after the April date as to whether or not his or her request has been granted.