CALL DIFFERENTIAL Sample Clauses

A Call Differential clause defines the additional amount payable by a party if they exercise a call option under a contract. Typically, this clause specifies the premium or price adjustment that must be paid above a base amount when the call right is exercised, such as in loan agreements or bond indentures where early repayment or redemption is permitted. The core function of this clause is to compensate the other party for the early exercise of the call option, thereby balancing interests and discouraging opportunistic behavior.
CALL DIFFERENTIAL. 34.01 An employee called to work at a time which does not abut the employee’s regular hours of work shall be paid a minimum of two (2) hours at 1.5 times the employee’s regular rate of pay. 34.02 An employee’s regular shift shall not be reduced as a result of reporting to work early. 34.03 Section 34.01 above shall not apply to bus drivers for field trips nor to cooks for banquets. The compensation for field trips and banquets are governed by other applicable provisions of this agreement.
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CALL DIFFERENTIAL. Employees required to be on-call shall be paid an on-call rate of two (2) dollars per hour or any portion thereof. The minimum on-call requirement shall be four (4) consecutive hours. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related expenses for such device shall be the responsibility of the Board. All hours actually worked by an on-call employeeshall be paid at overtime rates in accordance the provisions of this Agreement.
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CALL DIFFERENTIAL. Employees required to be on-call shall be paid an on-call differential of one dollar ($1.00) per hour, or portion thereof. Effec- tive April the on-call differential shall be two dollars ($2.00) per hour. The minimum on-call requirement shall be four (4) consecutive hours. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related ex- penses for such device shall be the responsibility of the Employer.
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CALL DIFFERENTIAL. (a) an employee is advised by the Band Manager or their designate that they are "on that is, immediately available by telephone contact, they shall be paid straight time wages in accordance with the following schedule: Monday to Friday inclusive Saturday, Sunday or Statutory Holidays hours per day hours per day All hours actually worked by an On-Call employee shall be paid at overtime rates in accordance with the provisions of this Agreement. An employee may leave their Employment when the work is completed for which they were called. On call duty shall be equally divided among the employees who are willing and qualified to perform the available work, however, senior employees will have first option. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related expenses for such device shall be the responsibility of the Employer. Whenever an employee, not on-call, receives a work related call at home shall be paid for fifteen (15) minutes per call at their regular rate of pay. The employee must keep a log with particulars relating to all work related calls and provide details on or have attached to their time sheet before payment for calls is made.
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Related to CALL DIFFERENTIAL

  • 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.

  • Night Differential An employee shall be paid a night differential, bi-weekly for hours worked between midnight and 7:00 a.m. at a rate of $3.00 per hour. Night differential worked during overtime will be paid at one and one-half (1 ½) times $3.00 and on statutory holidays at two (2) times $3.00.

  • 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.

  • Price Differential a. On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Price Differential Payment Date. Two (2) Business Days prior to the Price Differential Payment Date, Buyer shall give Seller written or electronic notice of the amount of the Price Differential due on such Price Differential Payment Date. On the Price Differential Payment Date, Seller shall pay to Buyer the Price Differential for such Price Differential Payment Date (along with any other amounts to be paid pursuant to Sections 7 and 34 hereof), by wire transfer in immediately available funds. b. If Seller fails to pay all or part of the Price Differential by 3:00 p.m. (New York City time) on the related Price Differential Payment Date, with respect to any Purchased Mortgage Loan, Seller shall be obligated to pay to Buyer (in addition to, and together with, the amount of such Price Differential) interest on the unpaid Repurchase Price at a rate per annum equal to the Post Default Rate until the Price Differential is received in full by Buyer. c. Seller may remit to Buyer funds in an amount up to the outstanding Purchase Price of the Purchased Mortgage Loans, to be held as unsegregated cash margin and collateral for all Obligations under this Agreement (such amount, to the extent not applied to Obligations under this Agreement, the “Buydown Amount”). The Buydown Amount shall be used by Buyer in order to calculate the aggregate Price Differential, which will accrue on the aggregate Purchase Price then outstanding minus the Buydown Amount, applied to Transactions involving the lowest Pricing Rate. The Seller shall be entitled to request a drawdown of the Buydown Amount or remit additional funds to be added to the Buydown Amount no more than one time per week. Without limiting the generality of the foregoing, in the event that a Margin Call or other Default exists, the Buyer shall be entitled to use any or all of the Buydown Amount to cure such circumstance or otherwise exercise remedies available to the Buyer without prior notice to, or consent from, the Seller. Within two (2) Business Days’ receipt of written request from Seller, and provided no Margin Call or other Default exists, Buyer shall remit any portion of such Buydown Amount back to Seller.