Normal Rate Sample Clauses
The 'Normal Rate' clause defines the standard rate or fee that applies to a particular service, product, or transaction under the agreement. Typically, this clause specifies the baseline price that will be charged unless other terms, such as discounts or special rates, are triggered elsewhere in the contract. For example, it may set the hourly rate for professional services or the per-unit cost for goods supplied. Its core practical function is to establish a clear and consistent pricing benchmark, ensuring both parties understand the default financial terms and reducing the potential for disputes over charges.
Normal Rate. The normal rate of pay as used in this Agreement shall mean the employee’s hourly rate of pay and regularly assigned shift differential.
Normal Rate if such Term Indexed Mode is a LIBOR Term Indexed Mode, then the LIBOR Index Rate for such Bonds and day, and if such Indexed Mode is a SIFMA Term Indexed Mode, then the SIFMA Indexed Rate for such Bonds and day, in either case rounded upward to the fourth decimal place and unless otherwise provided in clause (ii) or (iii) of this subsection;
Normal Rate. An employee’s normal rate is the current hourly rate at the employee’s appropriate longevity step under this Agreement.
Normal Rate. An employee’s normal rate is the current hourly rate at the employee’s appropriate longevity step under this Agreement.
6.1 The parties to this Agreement realize that this Hospital provides special and essential services to this community. For this and other humanitarian reasons, it is the intent of the parties to settle any disputes by the grievance procedure provided herein. It is therefore agreed that during the term of this Agreement, (a) the Employer shall not lockout its employees and (b) neither the employees nor their agents or other representatives shall directly or indirectly authorize, assist, or encourage or participate in any way in any strike, including any sympathy strike, refusal to cross a picket line, picketing, walkout, slowdown, boycott, dispute with any third party, or any other interference of the operations of the Employer. Any employee who is found to have violated this Article shall be subject to immediate discipline, including possible discharge.
7.1 Temporary Staff.
7.1.1 Volunteers.
Normal Rate. The annual interest rate applicable to an Advance shall be the sum of the Reference Rate for the considered Interest Period and the Margin.
Normal Rate. Normal rate" is defined as an employee’s base straight-time rate of pay per hour with no additional hourly premiums included.
Normal Rate. The Agent will divide the period beginning on the due date and ending on the date of payment into successive periods of such length as it shall decide in its discretion. The rate of interest applicable to each such period will be the aggregate of (a) two per cent. per annum, (b) the applicable Margin, (c) the Additional Cost and (d) EURIBOR.