Averaging Model Sample Clauses

Averaging Model. The averaging period shall be an eight (8) week period. Overtime shall only be paid if an employee works more than: a) Three hundred-twenty (320) hours in a eight (8) week period; b) Twelve (12) hours in a day. Overtime must be authorized by the Employer.
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Averaging Model. The averaging period shall be a four (4) week period. The averaging model shall apply to all employees including casual employees who work full time hours on a temporary basis. The averaging period shall be a four (4) week period. Overtime shall only be paid if an employee works more than: a) One hundred sixty (160) hours in a four (4) week period; b) Twelve (12) hours in a day. c) Nine point five (9.5) hours in a day for those working the BH1 shift.

Related to Averaging Model

  • Methodology 1. The price at which the Assuming Institution sells or disposes of Qualified Financial Contracts will be deemed to be the fair market value of such contracts, if such sale or disposition occurs at prevailing market rates within a predefined timetable as agreed upon by the Assuming Institution and the Receiver. 2. In valuing all other Qualified Financial Contracts, the following principles will apply:

  • METHODS OF CALCULATION 224. Bi-Weekly. An employee whose compensation is fixed on a bi-weekly basis shall be paid the bi-weekly salary for his/her position for work performed during the bi-weekly payroll period. There shall be no compensation for time not worked unless such time off is authorized time off with pay.

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