Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.
Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following:
weekly rate of pay means an employee’s annual rate of pay divided by 52.176.
hourly rate of pay means a full-time employee’s weekly rate of pay divided by thirty-seven decimal five (37.5); (taux de rémunération horaire)
daily rate of pay means an employee's weekly rate of pay divided by five (5);
CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.