Compensation for Period Substitution Sample Clauses

The Compensation for Period Substitution clause establishes how parties will address financial adjustments when a scheduled period in an agreement is replaced or rescheduled. Typically, this clause outlines the method for calculating any additional payments, refunds, or adjustments required if, for example, a service or delivery period is shifted to a different date or timeframe. Its core function is to ensure that neither party is unfairly advantaged or disadvantaged by changes to the agreed schedule, thereby maintaining fairness and predictability in the contractual relationship.
Compensation for Period Substitution. 1. Effective mid-year 2009, Bargaining unit members shall be paid for period substitution at a tiered rate of pay, or shall accumulate periods (secondary) or hours (elementary) for bank days, or shall be compensated in a combination thereof. The tiered rates of pay for period substitution are as follows: a) Bargaining unit members on Steps 1-5 of the Certificated Salary Schedule shall be paid an hourly rate of $45.84, prorated on the quarter hour, rounded up. b) Bargaining unit members on Steps 6-10 of the Certificated Salary Schedule shall be paid an hourly rate of $57.15, prorated on the quarter hour, rounded up. c) Bargaining unit members on Steps 11 through Longevity Step 34+ on the Certificated Salary Schedule shall be paid an hourly rate of $66.96 prorated on the quarter hour, rounded up. 2. Bank Days a) Unit members may, at their discretion, accumulate periods or hours of period substitution to be used as bank days. b) For the purpose of this Section, a “bank day” is a day of compensatory time earned through the accumulation of periods (secondary) or hours (elementary) for providing period substitution. Five (5) class periods, or two and one-half (2.5) block periods, equal one (1) bank day for secondary unit members. Five (5) hours of period substitution equal one (1) bank day for elementary unit members. c) Unit members may utilize bank days in half or full day increments. d) Unit members electing to use bank days shall enter the absence into the district substitute system at least 5 days in advance of the absence date.
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Compensation for Period Substitution. Resource teachers, at their discretion may: accumulate periods to be used as bank days, accumulate periods to reinstate sick leave days used during a work year; or be compensated in a combination thereof.
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Compensation for Period Substitution. 1. Effective mid-year 2009, Bargaining unit members shall be paid for period substitution at a tiered rate of pay, or shall accumulate periods (secondary) or hours (elementary) for bank days, or shall be compensated in a combination thereof. The tiered rates of pay for period substitution are as follows: a) Bargaining unit members on Steps 1-5 of the Certificated Salary Schedule shall be paid an hourly rate of $48.16, prorated on the quarter hour, rounded up. b) Bargaining unit members on Steps 6-10 of the Certificated Salary Schedule shall be paid an hourly rate of $60.04, prorated on the quarter hour, rounded up. c) Bargaining unit members on Steps 11 through Longevity Step 34+ on the Certificated Salary Schedule shall be paid an hourly rate of $70.35, prorated on the quarter hour, rounded up.
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Related to Compensation for Period Substitution

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

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  • Compensation for Work on a Holiday (a) Where an Employee is regularly scheduled to work, in accordance with Article 14, and their regularly scheduled day of work falls on a paid holiday, as defined in Article 18.01, they shall receive compensation equal to two and one-half (2 ½) times their regular rate of pay as follows: (i) compensation at one and one-half (1½) times their regular rate of pay, including the holiday pay, for the hours worked on the holiday; and (ii) time off with pay in lieu of the holiday on an hour-for-hour basis at a mutually acceptable time in accordance with Article 18.11. (b) Where time off with pay in lieu of the holiday has not been granted in accordance with Article 18.05(a)(ii), compensation shall be granted at the Employee’s regular rate of pay for those hours worked on the holiday.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.