Full pay or half pay definition

Full pay or half pay means the employee’s ordinary rate of pay or half the ordinary rate of pay respectively.
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Examples of Full pay or half pay in a sentence

  • Account liquidating to a deficit and account with a debit balances - gross amount8 [7351]Less: amount offset by customer owned securities0 [7352] 8 [7354]6.

Related to Full pay or half pay

  • Full Payment or “Full Payment of the Obligations” means, with respect to any Obligations (other than contingent indemnification obligations or other contingent obligation for which no claim has been made or asserted, Hedge Obligations not then due and payable, if any, and Cash Management Obligations not then due and payable, if any), (a) the full cash payment thereof, including any interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding) and (b) the termination or expiration of all Term Loan Commitments.

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Non-423 Component means the part of the Plan, which excludes the 423 Component, pursuant to which Purchase Rights that are not intended to satisfy the requirements for an Employee Stock Purchase Plan may be granted to Eligible Employees.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Other Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 5(c).

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.