Common use of Adjusted Rate Clause in Contracts

Adjusted Rate. An employee’s total rate, resulting from the sum of his or her Standard Rate and any applicable Wage Protection Allowance. Such Adjusted Rate shall be used to calculate overtime payments, percentage payments for tour bonuses, paid absences, termination payments, and basic pay for group insurance and Savings and Security Plan allotments.

Adjusted Rate. An employee’s total rate, resulting from the sum of his or her Standard Rate and any applicable Wage Protection Allowance. Such Adjusted Rate shall be used to calculate overtime payments, percentage payments for tour bonusesdifferentials, paid absences, termination severance payments, and basic pay for group insurance and Savings and Security Plan allotments.