Annual Minimum Paid Number of Hours Sample Clauses

The 'Annual Minimum Paid Number of Hours' clause sets a guaranteed baseline for the number of hours an employee will be paid for over the course of a year, regardless of actual hours worked. Typically, this means that even if the employee is scheduled for fewer hours or work is unavailable, they will still receive payment equivalent to the agreed minimum. For example, if the annual minimum is set at 1,500 hours, the employer must pay the employee for at least that amount each year. This clause provides income security for employees and helps prevent underemployment, while also giving employers a clear standard for budgeting labor costs.
Annual Minimum Paid Number of Hours a) For employees who are employed as permanent, variable hours employees under clause 3.2.1(b), the employer shall, in addition to the employee’s actual hours and days of work, specify in the letter of appointment the employee’s annual minimum paid number of hours that shall be paid in each financial year. b) To ensure the effective operation of clause 3.2.2(a), permanent, variable hours employees may be required to work at various locations within reasonable travelling distance and to undertake work where it is offered. Provided the employer’s request is reasonable, the employee shall not unreasonably withhold their agreement to the employer’s request.
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Related to Annual Minimum Paid Number of Hours

  • Number of Hours enter the total number of hours worked during the report period by the Employees in the employment category. Amount Payable under the Contract: enter the total amount paid by the State to the State Contractor under the Contract, for work by the Employees in the employment category, for services provided during the report period.

  • Number of Holidays (The following clause is applicable to full-time employees only)

  • Minimum Call-Back Time All employees who are called out and required to work in an emergency outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates and shall be paid from the time they leave home to report for duty until the time they arrive back upon proceeding directly from work.

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.