BASIC HOURLY RATE - OVERTIME RATE Sample Clauses

BASIC HOURLY RATE - OVERTIME RATE. (i) Subject to clause 7.01(f), for Permanent Employees, overtime shall be paid for all hours worked in excess of 160 hours in a four (4) week period. The parties agree that this shall constitute an overtime averaging agreement for the purposes of the Employment Standards Act, Sec. 22. (ii) Subject to clause 7.01(f), for employees other than Permanent Employees, overtime shall be paid for all hours worked in excess of 44 hours in a one (1) week period. (iii) For work performed between the hours 8:00 a.m. and 5:00 p.m. Monday to Sunday, the Basic Hourly Rate shall be paid. (iv) For all work performed, on an hourly basis, between the hours of 5:00 p.m. and 8:00 a.m. of the following day, Monday to Sunday, one and one-half (1 1/2) times the Basic Hourly Rate shall be paid except as hereinafter provided. (v) For all work performed on a hourly basis, except Performances, Dress and Technical Rehearsals, during the hours of a Statutory Holiday, as defined in this Agreement, two (2) times the Basic Hourly Rate shall be paid, except as outlined in Clauses (vi), and (vii). (vi) For all permanent employees who work during the hours of a Statutory Holiday as outlined in this agreement, one and one-half (1 1/2) times the Basic Hourly Rate shall be paid plus a day off with pay at basic rates, in lieu of the Statutory Holiday worked, shall be given at a time mutually agreeable to both parties. (vii) For all construction work done between the hours of 8:00 AM and 5:00 PM Monday to Sunday, the Basic Construction Rate shall be paid. (viii) For all construction work done between the hours of 5:00 PM and 8:00 AM of the following day, Monday to Sunday, one and one-half (1 1/2) times the Basic Construction Rate shall be paid. (ix) For all construction work done between the hours of a statutory Holiday as defined in this Agreement two (2) times the Basic Construction Rate shall be paid. (x) For all permanent employees who work one or more Performances, Dress or Technical Rehearsals, during the hours of a Statutory Holiday as defined in this Agreement, one and one-half (1 1/2) times the Basic Performance Rate shall be paid plus a day off with pay in lieu of the worked Statutory Holiday shall be given a time mutually agreeable to both parties. Only one lieu day shall be claimed for each Statutory Holiday worked. (xi) No more than eight (8) Performances and/or Dress and Technical Rehearsals shall be worked by a permanent employee in any forty (40) hour week. Any Performances and/or ...
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Related to BASIC HOURLY RATE - OVERTIME RATE

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • 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 Xxxxxx 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.

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

  • Hourly Rate Divisor The hourly rate for the purposes of the calculation of overtime is the weekly all-purpose rate contained in Clause 7 Wages, divided by 36.

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing: (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

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

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