Daily Rate of Deduction Sample Clauses

Daily Rate of Deduction a. The rate of deduction for a day without pay shall be defined as 1/200 of the current annual salary of the teacher. This calculation is to be used for deductions that are outside the control of the individual teacher (ie. government legislated reductions, withdrawal of services). b. A continuing or temporary contract teacher shall be paid 1/10 of current annual salary in respect of each month in which the teacher works all prescribed school days. c. For purposes of Article B.20.3.b, the prescribed days on which the teacher is on authorized leave of absence shall be deemed to be a day of work, and deductions (if any) which are authorized by this Agreement or the School Act in respect of such leave of absence shall be made from the monthly payment provided in Article B.20.3.d. d. In the event that a temporary or continuing contract commences on a day other than the first prescribed school day in that month, or terminates on a day other than the last prescribed school day in that month, the formula for payment for that month shall be: No. of days taught in month x 1/10 x current annual salary No. of prescribed days in month
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Daily Rate of Deduction. The rate of for a day without pay shall be defined as of the current annual of the teacher. This calculation is to be used deductions that are outside the of the individual teacher Government legislated reductions: withdrawal of services.)
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Daily Rate of Deduction a. The rate of deduction for a day without pay shall be defined as 1/200 of the current annual salary of the employee. This calculation is to be used for deductions that are outside the control of the individual employee (ie. government legislated reductions, withdrawal of services). b. A continuing or temporary contract employee shall be paid 1/10 of current annual salary in respect of each month in which the employee works all prescribed school days. c. For purposes of Article B.20.3.b, the prescribed days on which the employee is on authorized leave of absence shall be deemed to be a day of work, and deductions (if any) which are authorized by this Agreement or the School Act in respect of such leave of absence shall be made from the monthly payment provided in Article B.20.3.d.
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Related to Daily Rate of Deduction

  • Daily Rate One, divided by the number of days in the teacher’s annual base contract, times his/her base salary.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing: (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.