Banking Overtime. a) The regular hourly wage rates shall apply to the first forty (40) hours of work performed in any week or the first eight (8) hours of work in any day. All hours worked in excess of forty (40) hours weekly shall be paid for at the rate of one and one-half ((1 ½) times the basic straight time hourly rate. All hours worked in excess of eight (8) hours daily shall be paid for at the rate of one and one-half (1 ½) times the basic straight time hourly rate provided, however, work performed after three (3) consecutive hours of one time and half (1 ½) shall be paid at the rate of two times the basic straight time hourly rate. Overtime shall be paid on a daily or weekly basis, whichever is greater, but not for both.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Banking Overtime. (a) The regular hourly wage rates shall apply to the first forty (40) hours of work performed in any week or the first eight (8) hours of work in any day. All hours worked in excess of forty (40) hours weekly shall be paid for at the rate of one and one-half ((1 ½½ ) times the basic straight time hourly rate. All hours worked in excess of eight (8) hours daily shall be paid for at the rate of one and one-half (1 ½½ ) times the basic straight time hourly rate provided, however, work performed after three (3) consecutive hours of one time and one-half (1 ½½ ) times shall be paid at the rate of two (2) times the basic straight time hourly rate. Overtime shall be paid on a daily or weekly basis, whichever is greater, but not for both.
Appears in 1 contract
Samples: Collective Agreement
