Calculation of Overtime Payments Sample Clauses

Calculation of Overtime Payments. (a) Overtime is calculated to the nearest quarter of an hour of the total amount of overtime worked in a fortnightly period. (b) The hourly rate for overtime payment will be ascertained by applying the following formulae: (i) Time and a half rate: Annual salary x 6 x 3 313 Prescribed weekly hours before overtime is payable 2 (ii) Double time rate: Annual salary x 6 x 2 313 Prescribed weekly hours before overtime is payable 1 (iii) Double time and a half rate: Annual salary x 6 x 5 313 Prescribed weekly hours before overtime is payable 2 (c) In applying the relevant formula at clause 55.5(b), prescribed weekly hours before overtime is payable are 38, with the exception of overtime worked on Sunday and outside ordinary hours on public holidays by employees whose weekly hours are 36.75 where prescribed weekly hours before overtime is payable are 36.75. (d) An employee’s salary for the purpose of calculation of overtime will include higher duties and other allowances in the nature of salary. (i) For employees covered by Schedule 4, other allowances may also be included in the calculation of overtime, see clause 4.12.1.
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Calculation of Overtime Payments. (a) Overtime is calculated to the nearest quarter of an hour of the total amount of overtime worked in a fortnightly period. (b) The hourly rate for overtime payment will be ascertained by applying the following formulae: (i) Time and a half rate: Annual salary x 6 x 3 313 Prescribed weekly hours before overtime is payable 2 (ii) Double time rate: Annual salary x 6 x 2 313 Prescribed weekly hours before overtime is payable 1 (iii) Double time and a half rate: Annual salary x 6 x 5 313 Prescribed weekly hours before overtime is payable 2 (c) In applying the relevant formula at clause 55.5(b), prescribed weekly hours before overtime is payable are 38. (d) An employee’s salary for the purpose of calculation of overtime will include higher duties and other allowances in the nature of salary.
Calculation of Overtime Payments. 31.5.1 Overtime payments will be calculated in the following way: (a) For all Full-Time and Casual Employees overtime rates will be paid for all hours worked in excess of the rostered ordinary hours for each day. (b) For Part-Time Employees, the ordinary hours per day will be specified in the Employee’s contract of employment. Overtime will be paid for time worked in excess of specified daily hours; (c) For Casual Employees, the casual loading does not apply to overtime payments
Calculation of Overtime Payments. The hourly rate to be used for overtime payment calculations is: (a) For employees other than casual employees - the Ordinary Rate of Pay in Schedule 1).
Calculation of Overtime Payments. (a) Overtime is calculated to the nearest quarter of an hour of the total amount of overtime worked in a fortnightly period. (b) The hourly rate for overtime payment will be ascertained by applying the following formulae: (i) Time and a half rate: (ii) Double time rate: (iii) Double time and a half rate: (c) In applying the relevant formula at clause 55.5(b), prescribed weekly hours before overtime is payable are 38. (d) An employee’s salary for the purpose of calculation of overtime will include higher duties and other allowances in the nature of salary.
Calculation of Overtime Payments. (a) The overtime penalty calculations for a permanent employee are to be based on the Ordinary Rate of Pay in Schedule 1. (b) The overtime penalty calculations for a casual employee will be based on the casual rate of pay including the casual loading, so that: (i) where time and a half is applicable the rate of pay will be 187.5% of the Ordinary Rate of Pay in Schedule 1. (ii) where double time is applicable the rate of pay will be 250% of the Ordinary Rate of Pay in Schedule 1. (c) In computing overtime payments, each day’s work will stand alone.

Related to Calculation of Overtime Payments

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.

  • Overtime Payments Full-time and Part-time Employees

  • Payment of Overtime For the purposes of calculating overtime payments, each day or shift will stand-alone.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Definition of Overtime Overtime means those hours worked in excess of normal hours of work as per Article 8.1 (Normal Work Week).

  • Distribution of Overtime Overtime shall be distributed as equally as feasible among qualified employees customarily performing the kind of work required, and currently assigned to the work unit in which the overtime is to be worked. When the assignment of overtime work causes an unusual burden upon the employee, the employee shall not be required to work overtime unless the absence would cause the Agency to be unable to meet its responsibilities.

  • Definition of Overpayments An “Overpayment” means any funds that Xxxxxx receives or retains under any Federal health care program to which Xxxxxx, after applicable reconciliation, is not entitled under such Federal health care program.‌

  • Calculation of Fees Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis, for calculating fees for which Ameriprise invoices under this Agreement. However, the Issuer Entities may provide records to assist Ameriprise in its calculations.

  • 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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