Basic Weekly Rate definition

Basic Weekly Rate means the Basic Weekly Rate of pay applicable to the position held at the time of change. (Hourly rated employees, 40 X the basic hourly rate; spare employees, 80 per cent of average weekly earnings over the eight weeks preceding layoff.)
Sample 1Sample 2Sample 3
Basic Weekly Rate means the Basic Weekly Rate of pay applicable to the position held at the time of change. (Hourly rated employees, X the basic hourly rate; spare employees, per cent of average weekly earnings over the eight weeks preceding layoff.)
Sample 1

Examples of Basic Weekly Rate in a sentence

  • Note 2: One week's salary shall be the employees' Basic Weekly Rate at the time of the change.

  • Payment for such leave shall not exceed one week's pay at his Basic Weekly Rate.

  • An employee will receive per cent of the Basic Weekly Rate of his last job classification during his period of training.

  • For the purposes of this Agreement the following terms will be defined as follows: ELIGIBLE EMPLOYEE an employee of the Company represented by one of the Organizations signatory hereto who is eligible for benefits pursuant to the eligibility requirements of Articles or BASIC WEEKLY RATE the Basic Weekly Rate of pay applicable to the position held at the time of change.

  • Such employee’s Basic Weekly Rate shall be considered as $465.00 and his basic hourly rate shall be considered as $11.625.

  • Such employee's Basic Weekly Rate shall be considered as 426,50 and his/her basic hourly rate shall be considered as $11.563.

  • Such employee’s Basic Weekly Rate shall be considered as $467.50 and his basic hourly rate shall be considered as $11.688.

  • BASIC WEEKLY RATE - the Basic Weekly Rate of pay applicable to the position held at the time of change.

  • During this time period, an employee will continue to receive his/her Basic Weekly Rate of pay applicable to the position permanently held at the time of the change, paid on the same bi- weekly basis as s/he was paid while in active service with the Company.

  • In as much as guarantee represents per period, Basic Weekly Rate shall be considered as and basic hourly rate shall be considered as Examby Earnings The basic rate of an employee who receives a straight time standby allowance for each period (which is equivalent to hours per week) is per hour at the straight time rate.

Related to Basic Weekly Rate

  • Daily Rate for any RFR Banking Day is:

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Hourly Rate means the proposed fully loaded maximum hourly rates that include travel, per diem, fringe benefits and any overhead costs for contractor personnel, as well as subcontractor personnel if appropriate.

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula: