Average Wage Sample Clauses

Average Wage. 30.5.1. During the determination and application of the average wage, the procedure pursuant to the Act on Wages is followed, with the following clarification: a) holiday wages and Christmas wages shall be incorporated into gross wages proportionally for a period of two quarters, b) goal bonuses and special bonuses shall be incorporated into gross wages proportionally for the number of quarters in respect of which they were provided, c) annual bonuses and deposits for annual bonuses shall be included in gross wages proportionally for a period of four quarters. 30.5.2. If in the course of the decisive period an employee is to be paid wages (or a part of wages) that are being provided in respect of a time period longer than a calendar quarter, then for the purposes of the determination of the average wage the pro-rata portion of such wages accruing to a calendar quarter shall be determined; the remaining portion of such wages shall be included into gross wages during the determination of the average wage for the subsequent period. The number of periods is specified in Clause 30. 5.1. In gross wages shall be included for the purpose of the determination of the average wage in the course of the decisive period the pro-rata portion pursuant to the first sentence corresponding to the work period. 30.5.3. Bonuses for lifetime anniversaries are not included in gross wages for the computation of the average wage. 30.5.4. During the determination of the average wage for the purposes of determining compensation for damages during work injuries and work-caused illnesses the decisive period is the preceding calendar year, provided that the decisive period so determined is more advantageous for the employee. 30.5.5. In the case of an employee who was transferred to other work due to the risk of a work-related illness or due to the attainment of the highest permissible exposure, and in whose case the work-related illness was not discovered until after such transfer, the determination of substitute wages for lost wages shall be based, if it is more advantageous for the employee, on the average wage last determined prior to the date of the transfer to other work.

Average Wage. The average annual wage for the New Jobs, which is $63,990.

Average Wage. For the purpose of calculating or increasing a wage linked, by law or agreement, to the average wage, there shall not be brought into account changes on the average wage which arise from a difference between the minimum wage, as on the 2nd Nisan 5747 (1st April, 1987) and the minimum wage which was paid to most employees immediately before the coming into force of this Law or which arose from a change in the minimum wage due to its updating.

Average Wage. (a) For the purpose of calculating or increasing a wage that is linked, by law or agreement, to the Average Wage, the following shall not be taken into account: changes in the Average Wage that derived from a difference between the Minimum Wage as on the 2 Nissan 5747 (1 April 1987) and the Minimum Wage paid to the majority of Employees immediately prior to the inception of this Law, or which arose from a change effected in the Minimum Wage due to the updating thereof. (b) The Minister and the Minister of Finance shall promulgate a notice in Reshumot regarding changes in the Average Wage that are not to be taken into account for the purposes of subsection (a).

Average Wage essentially, the Employer uses two types of average wage calculations - namely the average wage per hour, and the average wage per day. Whilst the former is used for labor law purposes, and the latter for sick pay purposes. For bonuses payable as per CA, and for other forms of wage settle- ments, granted once a year, the pro-rata proportion (of earnings) applied to determine the Employee´s average wage per quarter, equals one-fourth of the total settlement amount. This pro-rata proportion is then divided by the number of calendar fund hours available in the given Quarter. The thus calculated amount per hour is then added to the average wage per hour of the current qualifying period, calculated from wage settlements pursued within the respective period.