Calculate Average Sample Clauses

Calculate Average. Hourly Rate for 1st year of the contract (Direct Labor Subtotal divided by total hours) 6/7/2016 Direct Labor Subtotal Total Hours per Cost Proposal per Cost Proposal Avg Hourly 5 Year Contract Rate Duration $68,870.65 1059 = $65.03 Year 1 Avg Hourly Rate
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  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

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

  • Rate Adjustment (a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he will be paid an adjusted rate which will be midway between the rate of his regular job at the time of the setback and the rate of his new regular job. At the end of this 6-month period the rate of his new regular job will apply. However, such employee will have the option of terminating his employment and accepting severance pay as outlined in Section 5 below, providing he exercises this option within the above-referred-to 6-month period.

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