Straight Time Pay Sample Clauses

Straight Time Pay. Under the 8-hour work shift schedule an employee received 40 hours of pay, for the first 40 hours worked in a work week (assuming no overtime is worked). For those employees that rotate shifts, the 12-hour shift work schedule rearranges the first forty hours worked such that some weeks an employee works less than 40 hours and some weeks works more than 40 hours. However, at the end of 5 weeks on the 12-hour schedule, an employee will have worked 200 hours or 40 hours per week (assuming no overtime was worked). Under the 12-hour shift work schedules employees will earn and use comp time (i.e. overtime hours) to provide 40 straight time hours of pay each week. WEEK WORK HOURS COMP USED PAY HOURS COMP EARNED 1 36 4 40 0 2 32 8 40 0 3 48 0 40 12 4 36 4 40 0 5 48 0 40 12 TOTAL 200 16 200 24 In those weeks where an employee works more than 40 hours (i.e., weeks 3 and 5), comp time earned at the rate of 1.5 times the wage rate is applied for those hours in excess of 40. Therefore, an employee accumulates 12 hours of comp time and is paid 40 hours of pay for 48 hours of work in weeks 3 and 5. In those weeks where an employee works only 36 hours, 4 comp time hours are used to provide 40 paid hours that week. Similarly, during the 32 hours work week, 8 comp time hours are used to provide 40 paid hours that week. An employee must have 40 paid hours per week to accumulate maximum retirement and sick leave benefits. At the end of a five week cycle an employee earns a total of 208 paid and/or comp time pay or overtime hours for 200 hours of work on the new 12 hour shift schedules. This is equivalent to a 4% pay increase for each employee or 83.2 additional pay hours per year. To keep labor costs and employee earnings cost neutral under the new shift schedules, this pay increase (8 hours comp time very 5 weeks) is offset by changes in shift differential policies and holiday premium pay (see section #10). At the discretion of the employee, accumulated overtime hours (comp time) may be received as cash as long as the employee maintains 16 comp time hours in his/her account at any one time. Employees who fail to maintain the minimum number of overtime hours necessary for use during any 32 or 36 hour scheduled work week will not receive a full 40 hours of pay for any such week.
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Straight Time Pay. Permanent full-time and part-time employees are eligible to receive straight time pay or straight time compensatory time off for hours worked in excess of the employee’s daily number of scheduled hours that do not qualify for overtime pay as described in section 7.1, above. For example, if an employee is scheduled to work from 8 .am. to 5 p.m., but uses accruals for 8 a.m. to 10 a.m. and works from 10 a.m. to 7 p.m., he/she would be entitled to two hours of straight time pay for the 5 p.m. to 7 p.m. hours worked. Straight time pay is calculated at the rate of one (1.0) times the employee’s base rate of pay (not including differentials or shift pays).
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Straight Time Pay. Permanent full-time and part-time employees in the Property Appraisers Unit, and employees in the Engineering Technician Unit are eligible to receive straight time pay or straight time compensatory time off for hours worked in excess of the employee’s daily number of scheduled hours that do not qualify for overtime pay as described in Section 7.1 above. For example, if an employee is scheduled to work from 8:00 a.m. to 5:00 p.m. but uses accruals for 8:00 a.m. to 10:00
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Straight Time Pay. Permanent full-time and permanent part-time employees are entitled to receive straight time pay for non-scheduled hours worked in excess of the employee’s daily number of scheduled hours, but the employee’s total daily number of hours worked does not exceed the employee’s daily number of scheduled hours. Straight time pay is compensated at the rate of one (1.0) times the employee’s base rate of pay (not including any differentials or shift pays).
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Straight Time Pay. Employees sent home for a six (6) hour break will not lose any straight time pay for normally scheduled hours, as a result of such a break. Example: Employees assigned to a 7:00 am to 3:30 pm shift and released two (2) hours early so they may have a six (6) hour break before a scheduled outage would be paid for the two (2) hours at the straight time rate and this would satisfy the six (6) hour break. Employees must use any rest time pay accumulated as a result of an overtime assignment before these provisions would apply. If an employee's accumulated rest time does not cover the entire six (6) hour break, the employee will receive straight time pay for any regularly scheduled hours not worked due to this break.
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Straight Time Pay. Only straight time hours of employment regularly scheduled by the Employer and actually lost by the employee shall be paid for at employee's straight time hourly rate of pay.
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Straight Time Pay. A. The employee's base hourly rate shall be considered the straight time pay rate for the following:
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Straight Time Pay. All regular full-time employees shall be paid as per their daily guarantee straight time pay for all such Holidays regardless of which day in the week the Holiday falls. Such hours shall be added to the accumulated hours for the week for the purpose of satisfying the weekly guarantee. Regular part-time and casual employees shall be granted Holiday credit in accord with the provisions for Provincial holidays.
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Straight Time Pay. Straight time shall be calculated on the basis of eight (8) hours per day and forty (40) hours per week, subject to other provisions contained in this Agreement.
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Related to Straight Time Pay

  • Base Pay You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000) which shall be payable in equal periodic installments according to the Corporation’s customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January 1 of the year for which it is approved.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Tax Savings If, by reason of any payment made, or events giving rise to such payment, to or for the account of any Tax Indemnitee by Lessee pursuant to Section 39(a) or 39(b), such Tax Indemnitee at any time realizes a reduction in any Taxes or receives a refund which was not taken into account previously in computing such payment by Lessee to or for the account of the Tax Indemnitee, then the Tax Indemnitee will pay to Lessee an amount equal to such actual reduction in Taxes or such refund (including interest received), plus the amount of any additional reduction in Taxes of the Tax Indemnitee attributable to the payment made by the Tax Indemnitee to Lessee pursuant to this sentence; provided, however, that (A) the Tax Indemnitee will not be obligated to make such payment with respect to any net Tax savings or refund to the extent that the amount of such payment would exceed the excess of (x) all prior indemnity payments (excluding costs and expenses incurred with respect to contests) made by Lessee over (y) the amount of all prior payments by the Tax Indemnitee to Lessee; provided, that any such excess tax savings realized (or deemed realized) by such Tax Indemnitee which are not paid to Lessee as a result of this subclause (A) will be carried forward and reduce Lessee's obligations to make subsequent payments to such Tax Indemnitee pursuant to Section 39 of this 84 Agreement; and (B) if any such Tax savings or refund realized by such the Tax Indemnitee, or any tax savings taken into account for purposes of determining "After-Tax Basis" will be lost or otherwise determined to be unavailable, such lost or otherwise unavailable Tax savings or refund will be treated as a Tax for which Lessee must indemnify the Tax Indemnitee pursuant to Section 39(a) or 39(b), as the case may be (without regard to the exceptions in Section 39(a)(4) and Section 39(b)(2) other than Section 39(a)(4)(iii), 39(a)(4)(iv), 39(b)(2)(iii) and 39(b)(2)(ix)). For purposes of this Section 39(c), each Tax Indemnity is assumed to be taxable at the Assumed Rate and an Inclusion is assumed to be taxable at the actual rate.

  • Exclusion from Compensation Calculation By acceptance of this Agreement, you shall be deemed to be in agreement that the Units covered hereby shall be considered special incentive compensation and will be exempt from inclusion as “wages” or “salary” in pension, retirement, life insurance and other employee benefits arrangements of the Company and its Affiliates, except as determined otherwise by the Company. In addition, each of your beneficiaries shall be deemed to be in agreement that all such shares be exempt from inclusion in “wages” or “salary” for purposes of calculating benefits of any life insurance coverage sponsored by the Company or any of its Affiliates.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

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