Alternative Differential Calculation Clause Samples

Alternative Differential Calculation. In the event that (a) the absolute value of the arithmetic average, for the immediately preceding twenty- four (24) Month period, of the difference between (i) the Regular Price, and (ii) the sum of (x) 0.679 multiplied by the price of No. 6 Oil (as determined pursuant to Annex 2), plus (y) 0.185 multiplied by the sum of the price of RUL and the price of No. 2 Oil (each as determined pursuant to Annex 2), minus (z) 2.874 (such sum, the "Maya Proxy") exceeds (b) U.S.$0.50 per Barrel for any Month, then the price of No. 6 Oil to be used in calculating the Differential beginning in the Month following such 24-Month period shall be equal to the sum of (x) 1.473 multiplied by the Regular Price, plus (y) 4.233, minus (z) 0.272 multiplied by the sum of the price of RUL and the price of No. 2 Oil.
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Related to Alternative Differential Calculation

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • Shift Differential A. Shift differential will be $.60 cents per hour. B. Employees eligible for shift differential are those whose work shift begins before 6:00 a.m. or ends on or after 7:00 p.m. and are scheduled by their supervisor for a total shift of at least six (6) hours in duration. This shift differential shall not apply to those employees who have requested and have been granted flexible work scheduling.

  • Night Shift Differential Unit 12 employees who regularly work shifts shall receive a night shift differential as set forth below: A. Employees shall qualify for the first night shift pay differential of forty (40) cents per hour where four (4) or more hours of the regularly scheduled work shift falls between 6 p.m. and 12 midnight. B. Employees shall qualify for the second night shift pay differential of fifty (50) cents per hour where four (4) or more hours of the regularly scheduled work shift fall between 12 midnight and 6 a.m. C. A "regularly scheduled work shift" are those regularly assigned work hours established by the department director or designee.

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.

  • Shift Differentials 18.1 Employees whose regularly assigned shifts commence between 1400 and 2159 hours shall receive a shift differential of seventy-five cents (75¢) per hour, and employees whose regularly assigned shifts commence between 2200 and 0559 hours shall receive a shift differential of eighty cents (80¢) per hour. Effective January 1, 2005, for employees whose regularly assigned shifts commence between 2200 and 0559 hours shall receive a shift differential of one dollar ($1) per hour. Overtime shall not be calculated on the shift differential nor shall the shift differential be paid for paid absence from duty such as vacations, general holidays, etc.