Common use of Basic Formulas Clause in Contracts

Basic Formulas. Vacation pay for each week of vacation to which an employee is entitled will be computed by multiplying the appropriate weekly hour- multiplier as determined by Subsection (b) below, by the appropriate rate-multiplier as determined by Subsection (c) below. (Vacation pay for any extra day or half day of vacation to which an employee may be entitled will be determined by (i) dividing by five or ten respectively the weekly hour-multiplier determined for him under Subsection (b) below and (ii) multiplying such daily equivalent by the appropriate rate-multiplier determined by Subsection (c) below.)

Basic Formulas. Vacation pay for each week of vacation to which an employee is entitled will be computed by multiplying the appropriate weekly hour- hour-multiplier as determined by Subsection (b) below, by the appropriate rate-rate- multiplier as determined by Subsection (c) below. (Vacation pay for any extra day or half day of vacation to which an employee may be entitled will be determined by (i) dividing by five or ten respectively the weekly hour-multiplier determined for him under Subsection (b) below and (ii) multiplying such daily equivalent by the appropriate rate-multiplier determined by Subsection (c) below.)

Basic Formulas. Vacation pay for each week of vacation to which an employee is entitled will be computed by multiplying the appropriate weekly hour- hour-multiplier as determined by Subsection (b) below, by the appropriate rate-multiplier as determined by Subsection (c) below. (Vacation pay for any extra day or half day of vacation to which an employee may be entitled will be determined by (i) dividing by five or ten respectively the weekly hour-multiplier determined for him under Subsection (b) below and (ii) multiplying such daily equivalent by the appropriate rate-multiplier determined by Subsection (c) below.)