Calculation of Hourly Rates Sample Clauses

Calculation of Hourly Rates. Hourly rates of pay are calculated from the bi-weekly salaries as shown in Schedule "A", attached hereto, by applying the following formula:
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Calculation of Hourly Rates. 115.01 Hourly rates will be calculated from bi-weekly or daily rates using the following multipliers:
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Calculation of Hourly Rates. The hourly rate of an employee will be calculated as follows: Hourly Rate = Monthly Salary x 12 52.178 x 35 Hours per Week
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Calculation of Hourly Rates. A. Overtime shall be paid at the rate of one & one half (1-1/2) times the hourly rate at the employee's regular hourly rate of pay for all time worked in excess of eight (8) hours in any regular work day. Any work performed on Saturday shall be paid at the rate of one & one half (1- 1/2) times the employee's regular hourly rate. Further, any work performed on Sunday or holidays as specified in Article 17.6 herein, shall be paid at the rate of two (2) times the employee's regular hourly rate. Part-time custodian(s) and part-time secretary (s) shall be paid at the rate of 1.5 times his regular hourly rate after 5 hours. Any work performed on Saturday shall be paid at the rate of 1.5 times his regular hourly rate. Any work performed on Sundays or holidays shall be paid at the rate of 2 times his regular hourly rate. B. The overtime rate and daily non-approved employee absence deduction rates for twelve (12) month employees shall be based upon each employee's yearly salary divided by 240 to determine the daily rate. The result must be divided by 8 representing the 8 hours work day. For eleven month employees, all of whom are paid over the twelve months and are secretaries, the yearly salary must be divided by 220 to determine the daily rate. The result must be divided by 6.5 representing the 6.5 hour work day. For ten (10) month secretarial employees, the yearly salary must be divided by 200 to determine the daily rate. The result must be divided by 6.5 representing the 6.5 hour work day.
Sample 1

Related to Calculation of Hourly Rates

  • 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.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

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