Biweekly Salary = Hourly Rate. The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's day shift by the hourly rate. For the purposes of converting a biweekly rate to a monthly rate, the formula will be as follows:
Biweekly Salary = Hourly Rate. 70 The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's day shift by the hourly rate. For the purposes of converting a biweekly rate to a monthly rate, the formula will be as follows: Biweekly Rate x 26.0892857 12 The formula for paying a partial salary to employees paid on a biweekly basis is: Salary = Hrs worked plus paid holidays x biweekly salary Hrs scheduled plus paid holiday (paid holiday = 7 hrs) When an article in this Agreement has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. A reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
Biweekly Salary = Hourly Rate. The formula for paying a partial salary to employees paid on a biweekly basis is: Salary = hours worked and paid holidays x biweekly salary divided by hours scheduled and paid holiday (paid holiday equals 7 hours). When an article in this agreement has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. Similarly, a reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
