Spread Pay Sample Clauses

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Spread Pay. This article applies to ACCESS TRANSIT employees. However, durations are to be defined as “shifts” rather than “runs”. Any run (shift), which is spread over a period in excess of time shown, shall receive premium pay as outlined: i) Ten (10) hours up to eleven (11) hours - fifty cents (.50¢) ii) Eleven (11) hours up to twelve (12) hours - one dollar ($1.00) iii) Twelve (12) hours or over - one and one-half times (1½X) regular rate.
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Spread Pay. Premium A part-time operator shall be paid a spread pay premium as per the following schedule when their shift exceeds a 10 hour spread between the commencement and finish of the work day. This premium is not applicable when work is performed at an overtime rate. SPREAD PREMIUM 10:01 - 11:00 hours $.30 per day 11:01 - 12:00 hours $.75 per day An employee who is required to work a shift or run which extends the length of their work day beyond 12 hours shall be paid the applicable overtime rate for all work which is performed after the 12 hour spread.
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Spread Pay. 1. Transit Operators working regular runs not completed in ten (10) consecutive hours shall receive an additional two dollars ($2.00) per hour for every hour or fraction thereof for work performed thereafter. 2. Extra Board and Relief Transit Operators, when working a combination of trippers or parts of assignments not completed in eleven (11) consecutive hours, shall receive an additional two dollars ($2.00) per hour or fraction thereof for work performed thereafter, except when said Transit Operator has worked a full regular run.
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Spread Pay. This article applies to Access Transit employees. However, durations are to be defined as “shifts” rather than “runs”. Any run (shift), which is spread over a period in excess of time shown, shall receive premium pay as outlined: i) Ten (10) hours up to eleven (11) hours - fifty cents (.50¢) ii) Eleven (11) hours up to twelve (12) hours - one dollar ($1.00) iii) Twelve (12) hours or over - one and one-half times (1½X) regular rate.
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Spread Pay. Two part runs that have a spread which exceeds ten and one- half (10-1/2) hours shall be paid at the rate of time and one-half for all time in excess of the ten and one-half (10-1/2) hour spread. Spread will be paid at 80% of top rate.
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Related to Spread Pay

  • Available Funds The Company will distribute its Available Funds to the Member in such amounts and at such times as the Member may determine.

  • Yield Payments On the Settlement Date for each Purchaser Interest of the Financial Institutions, Seller shall pay to the Agent (for the benefit of the Financial Institutions) an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.

  • Withhold Payments If Contractor fails to provide Services in accordance with Contractor's obligations under this Agreement, the City may withhold any and all payments due Contractor until such failure to perform is cured, and Contractor shall not stop work as a result of City's withholding of payments as provided herein.

  • Withheld Payments At any time, the Receiver or the Corporation may, in its discretion, determine that all or any portion of any deposit balance assumed by the Assuming Institution pursuant to this Agreement does not constitute a "Deposit" (or otherwise, in its discretion, determine that it is the best interest of the Receiver or Corporation to withhold all or any portion of any deposit), and may direct the Assuming Institution to withhold payment of all or any portion of any such deposit balance. Upon such direction, the Assuming Institution agrees to hold such deposit and not to make any payment of such deposit balance to or on behalf of the depositor, or to itself, whether by way of transfer, set-off, or otherwise. The Assuming Institution agrees to maintain the "withheld payment" status of any such deposit balance until directed in writing by the Receiver or the Corporation as to its disposition. At the direction of the Receiver or the Corporation, the Assuming Institution shall return all or any portion of such deposit balance to the Receiver or the Corporation, as appropriate, and thereupon the Assuming Institution shall be discharged from any further liability to such depositor with respect to such returned deposit balance. If such deposit balance has been paid to the depositor prior to a demand for return by the Corporation or the Receiver, and payment of such deposit balance had not been previously withheld pursuant to this Section, the Assuming Institution shall not be obligated to return such deposit balance to the Receiver or the Corporation. The Assuming Institution shall be obligated to reimburse the Corporation or the Receiver, as the case may be, for the amount of any deposit balance or portion thereof paid by the Assuming Institution in contravention of any previous direction to withhold payment of such deposit balance or return such deposit balance the payment of which was withheld pursuant to this Section.

  • Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls In the event that any Mortgage Loan is the subject of a Prepayment Interest Shortfall, the Servicer shall, from amounts in respect of the Servicing Fee for such Distribution Date, deposit into the Collection Account, as a reduction of the Servicing Fee for such Distribution Date, no later than the Servicer Remittance Date immediately preceding such Distribution Date, an amount up to the Prepayment Interest Shortfall; provided that the amount so deposited shall not exceed the Compensating Interest for such Distribution Date. In case of such deposit, the Servicer shall not be entitled to any recovery or reimbursement from the Depositor, the Trustee, the Issuing Entity or the Certificateholders. With respect to any Distribution Date, to the extent that the Prepayment Interest Shortfall exceeds Compensating Interest (such excess, a "Non-Supported Interest Shortfall"), such Non-Supported Interest Shortfall shall reduce the Current Interest with respect to each Class of Certificates, pro rata based upon the amount of interest each such Class would otherwise be entitled to receive on such Distribution Date. Notwithstanding the foregoing, there shall be no reduction of the Servicing Fee in connection with Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings and the Servicer shall not be obligated to pay Compensating Interest with respect to Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings.