Average Hourly Rate Clause Samples

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Average Hourly Rate. For the purpose of this article average hourly rate shall be calculated as the employee's straight time hourly earnings including applicable incentive earnings, but excluding shift differentials, premium pay, overtime earnings and holiday pay, during the previous four (4) closed and calculated pay periods worked by the employee. 3.06
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Average Hourly Rate. For the purposes of leaves with pay, employees shall receive pay based on their posted position. In the case of employees whose hours fluctuate or who work at more than one pay grade, pay shall be based on an average hourly rate of two (2) previous pay periods calculated at the rates in effect when the time was taken off. Employees temporarily posted to a higher position for less than sixty (60) consecutive days shall receive pay on the regular posted position.
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Average Hourly Rate. The average hourly rate based on a calculation one (1) month prior to the month of the occurrence is used for time for the Grievance Committee and President, holiday pay, jury and witness pay, funeral pay, Company convenience transfers, and calculation of vacation pay following extended illnesses and layoff due to temporary lack of work.
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Average Hourly Rate. The average hourly rate is the basic hourly rate plus the average hourly premium. The average hourly premium is one-fortieth (1/40th) of the total premium earned as a production bonus or for change of schedule without advance notice, for night or Sunday work within the basic forty (40) hour work-week. These premiums (other than standby pay) are not payable on days of absence from work.
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Average Hourly Rate equals the notional hourly rate as derived by dividing the Average Annual Wage by the Base Worked Hours per annum.
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Related to Average Hourly Rate

  • Hourly Rate (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement for payment for labor that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement will not be paid to the extent the work is performed by individuals that do not meet the specified qualification. (D) Seller shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreement) by evidence of actual payment and by individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreement, or other substantiation approved by Company. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by ▇▇▇▇▇▇ as provided below. (F) Unless this Agreement prescribes otherwise, hourly rates shall not be varied by virtue of Seller having performed work on an overtime basis. If overtime rates are provided, the premium portion will be reimbursable only to the extent the overtime is approved by Company.

  • Hourly Rates The following is a list of hourly billable rates that Contractor shall apply for additional services requested of the Contractor. Contractor shall be compensated based on the hourly rates set forth below, on a time and material basis for those services that are within the general scope of services of this Agreement, but beyond the description of services required under Exhibit A, and all services are reasonably necessary to complete the standards of performance required by this Agreement. Any changes and related fees shall be mutually agreed upon between the parties by a written amendment to this Agreement. Hourly Billable Rate Schedule Title Role on Project Hourly Billable Rates $ $ $ $ $ $ $

  • Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates: