Define: Final Rate of Pay

How is Final rate How is Final Rate defined in a legal contract?

• Final Rate means an indirect cost rate that applies to a specified past timeframe, which is calculated based on actual costs for that timeframe. This final rate is not subject to future changes or adjustments. Seen in 123 SEC filings.
• Final Rate means the rate that's determined after making all necessary adjustments. Adjustments can include alterations resulting from cost report audits. Seen in 11 SEC filings.
• Final Rate means the rate established after any required adjustments, including, but not limited to, adjustments following cost report audits. Seen in 8 SEC filings.
• Final Rate means the specific rate of interest specified in, or determined in accordance with, the terms in the Final Terms or Pricing Supplement. This rate could either be a fixed or floating rate. Seen in 4 SEC filings.
• Final Rate means an indirect cost rate applicable for a certain past period which is based on the actual costs. Once it's established, a final rate is used to settle the indirect costs claimed. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of final rate' yourself to verify these results. We are always keen to point people to source documents.

of pay defined in a legal contract?

• Final rate of pay means the actual rate at which an employee's earnings were determined during a [number] month period prior to the individual's official retirement date. This rate, which includes employee contributions made after a specific date, is confirmed to the system by the employer. The rate is then converted to an annual rate using various equivalent factors, such as a certain number of hours for different workday lengths, a specific number of days, [number] weeks, [number] of months, and one year. Seen in 146 SEC filings
• Final rate of pay means the actual rate upon which the earnings of an employee were determined. Seen in 113 SEC filings
• Final rate of pay means the actual rate at which a member's earnings were determined. Seen in 64 SEC filings
• Final rate of pay means the actual rate used to compute a member's earnings over a 12 month period. Seen in 15 SEC filings
• Final rate of pay means the real rate at which an employee's earnings were calculated during a [number] month period right before the member's effective date of retirement. This includes employee contributions picked up after a specified date. Seen in 7 SEC filings
• Final rate of pay means the actual rate at which an employee's earnings were calculated over a [number] month period before the individual's retirement date. Seen in 6 SEC filings
• Final rate of pay means the real rate for calculating an employee's earnings in the [number] months prior to the member's effective retirement date, also encompassing employee contributions picked up after a certain date. Seen in 3 SEC filings
• Final rate of pay means the actual pay rate on which a member's earnings were calculated during a [number] month time frame immediately preceding the member's effective date of retirement, which also included employee contributions made after a particular date. Seen in Genie Definition 1
• Final Rate means the established rate for a past period, adjusted based on incurred costs, audits, or other necessary changes.
• Relevant Contract Types
• Service Agreement Contracts
• Cost-Plus Contracts
• Construction Contracts
• Relevant Circumstances
• Finalization of project budgets
• Settlement of indirect costs post-project completion
• Audit adjustments
• Relevant Sectors
• Building & Construction
• Oil and Gas
• Telecommunications
• SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of final rate of pay' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Final Rate of Pay means the actual rate of an employee's earnings during a [number] month period before retirement.

Relevant Contract Types

• Employment Agreement
• Consultancy Agreement
• Severance Agreement

Relevant Circumstances

• When an employee is exiting the company
• When a consultant is hired on a contract basis
• When termination of an employee or consultant agreement occurs

Relevant Sectors

• Information Technology
• Healthcare
• Education
• Finance

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Genie Definition 2

• Final Rate of Pay means the real rate at which a member's last [number] months of earnings were calculated, inclusive of contributions.

Relevant Contract Types

• Pension Plan Agreement
• Retirement Benefit Agreement

Relevant Circumstances

• When establishing a pension plan
• When finalizing retirement benefits and specifics

Relevant Sectors

• Public Sector
• Finance
• Education

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