Differential Rate definition

Differential Rate. The amount actually paid to the member, minus the cost of a substitute or, if no substitute is employed, the amount that would have been paid to the substitute. For the purpose of this definition, the substitute rate is the regular guest teacher/regular long-term rate.
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Differential Rate. As used in this agreement is a pay bonus based upon the nature of the hours worked, such as differentials for hours worked during a specified period. This type of pay premium would be considered a differential added to each applicable hour of pay, not guaranteed overtime. Hours to be paid with this “bonus” premium are counted as hours actually worked for the purposes of calculating overtime hours in the week. This does not create duplication or pyramiding of overtime since this is not overtime pay, but rather a differential.
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Differential Rate means a rate on all rateable propertywithin a differential rating area that is made and 15 levied on a differential basis pursuant to section 111G
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Examples of Differential Rate in a sentence

  • Those meeting the eligibility criteria under the scheme of Differential Rate of Interest should be provided credit in accordance with the provision of the scheme.

  • General and Administrative, and Profit (% of A.1.) $ Subtotal CShift Differential Rate (per pg.

  • In the case of the Differential Rate of Interest Scheme under which credit was provided at a rate of 4.0 per cent per annum, and Export Credit, which was subject to an entirely different regime of lending rates supplemented by interest rate subsidies, the existing lending rate structure was continued.

  • Such notation is to explain the reason for the difference between the advertise Differential Rate and that impose being due to valuation adjustments from Landgate.

  • The formula for calculating General Rates, excluding any additional charges, arrears or additional supplementary rates is: • Valuation (Capital Improved Value) x Rate in the Dollar (Differential Rate Type) The rate in the dollar for each rating differential category is included in Council’s annual budget.

  • It must be understood the purpose of this Agenda Item is to set an estimated Differential Rate so a request can be sent to the Minister after advertising and seeking submissions from the electorate.

  • The City Centre Commercial Differential Rate is applicable to all commercial properties located within the boundaries of the City Centre zone and the abutting Metropolitan Regional reserves (refer map below) being areas bounded by Parry Street, Norfolk Street and including those properties located in Fremantle Fishing Boat and Challenger Harbours and on Victoria Quay.

  • Further to this, at its meeting of 22 June 2011 (C1106/201), Council resolved to introduce a 3% Differential Rate on the abovementioned properties and as a result, $180k was included in the 2011/2012 budget towards events and marketing.

  • Average number of overtime hours per week: Shift Differential Rate: $ per hour.

  • Option 2 – Apply a Differential Rate but Re-assess What They Should Be There needs to be a key driver or basis for setting a differential rate.


More Definitions of Differential Rate

Differential Rate. As used in this agreement is a pay bonus based upon the nature of the hours worked, such as differentials for hours worked during a specified period. This type of pay premium would be considered a differential added to each applicable hour of pay, not guaranteed overtime. Hours to be paid with this “bonus” premium are counted as hours actually worked for the purposes of calculating overtime hours in the week. This does not create duplication or pyramiding of overtime since this is not overtime pay, but rather a differential. Employee: A regular full-time employee. Employer: Metro Communications Agency.
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Differential Rate means the difference of the Target Rate and the Cash Rate,
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Differential Rate means the Reference Rate on a specified date.
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Related to Differential Rate

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.

  • Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.

  • Original Benchmark Rate on any day means the 3-months Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on, the Screen Page as of 11:00 a.m. (Brussels time) on such day.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Five-year U.S. Treasury Rate means, as of any Reset Interest Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Interest Determination Date, and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Interest Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Interest Determination Date or the same interest rate as the initial Interest Period, 5.875%, if prior to the First Call Date.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.88200 --------------------------------------------------------------- 0 0030771968 MORTGAGORS: MEDINA CLAUDIO MEDINA GINA REGION CODE ADDRESS : 13512 GREENSTONE DRIVE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.89800 --------------------------------------------------------------- 0 0030772065 MORTGAGORS: GOLD NEAL REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9 01 CITY : BOSTON STATE/ZIP : MA 02215 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 49.34200 --------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,600.00 P & I AMT: 10,876.62 UPB AMT: 1,488,891.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/97 P.O. BOX 5260 TMS AG0004970430 00 01 03 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818

  • Replacement Reference Rate means a reference rate which is:

  • SOFR-Based Rate means SOFR or Term SOFR.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.