Common use of Calculation of Compensation Clause in Contracts

Calculation of Compensation. Compensation is based on the hourly rates and pay schedule set forth in Appendix A. Adjustments in hourly rates are rounded up to the next xxxxx, but may not exceed the top of any pay range. Pay is based on 2,080 hours per year and twenty-six (26) equal pay periods.

Calculation of Compensation. Compensation shall be calculated on the basis of 2,080 hours per year and twenty-six (26) equal pay periods per year. Compensation is based on the hourly rates and pay schedule set forth in Appendix A. Adjustments in hourly rates are rounded up to the next xxxxxnearest cent, but may not exceed the top of any pay range. Pay is based on 2,080 hours per year and twentywith hourly rates rounded to the nearest cent. The payment of compensation shall be calculated to the nearest one-six fourth (261/4) equal pay periodshour.