Calculation of Overtime Rate. For the purpose of calculating the hourly rate, an employee's biweekly rate shall be divided by seventy (70) for employees on thirty-five (35) hours per week, and multiplied by the applicable overtime rate. Should the hourly rate arrived at result in a fraction of one (1) cent, it shall be taken to the next highest full cent before multiplying the applicable overtime rate.
Appears in 5 contracts
Samples: Collective Agreement, Letter of Agreement, Collective Agreement
