SAVINGS TIME Clause Samples

SAVINGS TIME. At the time of change from Standard Time to Daylight Savings Time or Daylight Savings Time to Standard Time, employees shall be paid for the hours they worked at their straight time hourly rate of pay for all such hours worked. Authorized work performed in excess of seven and one-half (7%) hours of work per day or seventy-five (75) hours of work in a two (2) week period or authorized work on the employee's scheduled days off will be counted as overtime and will be paid at the rate of time and one-half (1%) the employee's regular hourly earnings. Time necessary to finish assigned work on an irregular basis of not more than fifteen (15) minutes duration shall be deemed a "tag end" and shall not receive any overtime pay. Overtime and call-back time shall be divided equally as reasonably possible among the employees who are available and qualified to perform the work that is available. Employees who are available and qualified to perform the work shall not be required to lay-off during regular hours to equalize any overtime worked. When an employee is called back to work after leaving the nursing home upon completion of shift, such employee shall be paid at time and one-half (1%) regular rate of pay for actual hours worked with a minimum of three (3) hours of such pay. If an employee is called in immediately prior to the commencement of regular shift, shall be paid at overtime rate time and one-half (1%) for the actual hours worked until the commencement of the shift.
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SAVINGS TIME. This article is to give effect to the understanding that there will be no compensation paid for the extra hour worked and conversely there will be no reduction in compensation for the hour not worked due to the time conversion in spring and fall as a result of the implementation and withdrawal of daylight savings time.
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SAVINGS TIME. Employees who work on the shift when are adjusted for the purposes of daylight savings time shall be paid for the actual number of hours worked. Overtime premium, where applicable, shall be paid as outlined in Article
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SAVINGS TIME. A member's accumulated time will be credited or debited to reflect the one (1) hour of straight time during the time changeover from standard time to daylight savings time and vice versa.
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SAVINGS TIME. During the changeover from Daylight Saving Times to Eastern Standard Time, or vice-versa, an employee shall be paid for hours, notwithstanding the fact they have worked either hours or hours. Employees within their position classification will progress from the rate" to the year rate" and so on, on the basis of hours worked at the and start to the year rate" and so on. Hours worked and paid for, and hours not worked and paid for by the Employer, and hours not worked and paid for under the Workers' Compensation Act shall be considered hours worked €or the purposes of eligibility to progress to the next higher rate within their position classification. All hours worked and hours paid during the probationary period (375 hours) shall be counted toward hours required to move from the start rate to the one year rate. There shall be no pyramiding of premium pay, overtime pay, sick leave pay and paid holiday pay. Retroactivity will be paid for all hours paid by the Employer to all employees on the payroll as of June and to all new employees hired since that date on the basis of the agreed wage rates. Retroactivity will be paid by separate cheque within four (4) pay periods of the Employer being notified of ratification. If an employee shall have terminated his employment since June the Employer shall advise the employee by notice in writing to the last known address on the records of the Employer and the employee shall have days from the posting within which to claim any payment due to and failing claim for payment, the Employer shall not be further obligated for payment to such employee.
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SAVINGS TIME. During the changeover Daylight Savings Time to Eastern Standard Time, or vice versa, an employee shall be paid for seven and one half (7 hours, notwithstanding the fact they have worked either six and one half ( ) hours or eight and one half ( ) hours.
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SAVINGS TIME. During the changeover from Daylight Saving Times to Eastern Standard Time, or vice-versa, an employee shall be paid for hours, notwithstanding the fact they have worked either hours or hours. >+A-
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Related to SAVINGS TIME

  • Daylight Savings Time Employees required to work more than eight (8) hours on an eight (8) hour shift or more than ten (10) hours on a ten (10) hour shift due to the change from daylight savings time to standard time shall be paid for the additional hour worked at the rate of time and one-half (1-1/2). Employees required to work less than eight (8) hours on an eight (8) hour shift or less than ten (10) hours on a ten (10) hour shift due to the change from standard time to daylight savings time shall be paid for the actual hours worked. Employees may use vacation time or compensatory time to make up for the one (1) hour lost. Employees in the first six (6) months of employment who would be eligible to accrue vacation, may be advanced one (1) hour of vacation time which shall either be deducted from their vacation leave balance, or deducted from their last paycheck if the employee is separated prior to accruing vacation.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • SAVINGS/FORCE MAJEURE A force majeure occurrence is an event or effect that cannot be reasonably anticipated or controlled. Force majeure includes, but is not limited to, acts of God, acts of war, acts of public enemies, strikes, fires, explosions, actions of the elements, floods, or other similar causes beyond the control of the Contractor or the Commissioner in the performance of the Contract which non- performance, by exercise of reasonable diligence, cannot be prevented. Contractor shall provide the Commissioner with written notice of any force majeure occurrence as soon as the delay is known. Neither the Contractor nor the Commissioner shall be liable to the other for any delay in or failure of performance under the Contract due to a force majeure occurrence. Any such delay in or failure of performance shall not constitute default or give rise to any liability for damages. The existence of such causes of such delay or failure shall extend the period for performance to such extent as determined by the Contractor and the Commissioner to be necessary to enable complete performance by the Contractor if reasonable diligence is exercised after the cause of delay or failure has been removed. Notwithstanding the above, at the discretion of the Commissioner where the delay or failure will significantly impair the value of the Contract to the State or to Authorized Users, the Commissioner may: a. Accept allocated performance or deliveries from the Contractor. The Contractor, however, hereby agrees to grant preferential treatment to Authorized Users with respect to Product subjected to allocation; and/or b. Purchase from other sources (without recourse to and by the Contractor for the costs and expenses thereof) to replace all or part of the Products which are the subject of the delay, which purchases may be deducted from the Contract quantities without penalty or liability to the State; or c. Terminate the Contract or the portion thereof which is subject to delays, and thereby discharge any unexecuted portion of the Contract or the relative part thereof.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and ▇▇▇▇ individual retirement accounts (“▇▇▇ Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.