Examples of Base Hourly Rate in a sentence
A Crewmember who performs a maintenance test flight shall be paid one hundred and twenty-five percent (125%) of his Base Hourly Rate for the maintenance test flight.
All references in this Plan to Annual Base Salary, Base Hourly Rate of Pay, Week of Pay, and Annual Target Bonus, as applicable, mean such amount before reduction pursuant to any plan or other arrangement for deferral of compensation (including any tax-qualified retirement plan).
A Crewmember who performs an acceptance test flight for acceptance of a new aircraft onto the Operations Specifications shall receive one hundred and fifty percent (150%) of his Base Hourly Rate for the acceptance flight.
The hourly rate of each employee shall be calculated as the sum of (x) the actual cost per hour paid by GenStar to such employee (the “Base Hourly Rate”), (y) 25% of the Base Hourly Rate to cover the benefits of such employee, and (z) 20% of the Base Hourly Rate to cover fixed overhead expenditures.
For purposes of determining Base Hourly Rate in the Delphi HRP and the GM HRP for all Covered Employees who are SAP participants, the highest straight time hourly rate plus any cost-of-living allowance in effect during the last 13 consecutive pay periods the Covered Employee actually worked will be utilized.