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Calculation of Overtime Rates Sample Clauses

Calculation of Overtime Rates. For the purpose of calculating the hourly rate, an employee's monthly rate shall be divided by one hundred thirty (130) and multiplied by the applicable overtime rate.
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Calculation of Overtime Rates. An employee who is absent on paid time off shall be considered as if he/she had worked the regular hours during such absence.
Sample 1Sample 2
Calculation of Overtime Rates. For the purpose of calculating the equivalent hourly rate in computation of overtime or time taken off by an employee paid at a monthly rate of wages, the monthly rate shall be divided by one hundred seventy-three (173) for outside employees and one hundred fifty-two (152) for office employees.
Sample 1
Calculation of Overtime Rates. An employee who is absent on approved time off during his scheduled work week because of sickness, bereavement, holidays, vacation or other approved leave of absence shall, for the purpose of computing overtime pay, be considered as if he had worked during his regular hours during such absence. Overtime and call back time shall divided equally among employees who are willing and qualified to perform the available work, provided that first choice of overtime and call back is given to employees in the job classification in the work area Any employee who refixes and or is unavailable who is called for overtime, such overtime that is available will be considered as overtime worked for the purpose of this article. Minimum Overtime Overtime work shall be on a voluntary basis. The Employer shall keep overtime to a minimum and shall accordingly supply the Union with a weekly listing of all employees who work overtime. Upon request, the Union shall be provided with an explanation of the circumstances of the overtime. Mandatory Overtime Notwithstanding Article employees in the following classifications shall accept overtime work where such work is of an urgent nature and provided that where possible the employer has provided at least twenty-four (24) hours notice : Senior Payroll Administrator, Payroll Clerk Parking Enforcement Officer, Business Systems Analyst Business), Business Systems Analyst, Network Analyst, Systems Operations Administrator, Administrator, Help Desk Technician, Computer Programmer. Provided the requirements of the service are met the Employer or its designated representative shall grant requests by individual employees to be excused from overtime work. In the event the number of employees required in each classification exceeds the number of requests to be excused, requests in each classification shall be granted on the basis of seniority. Employees shall be ready for overtime work at a specified time when given an advance notice of such overtime work by their supervisors. The Employer shall keep overtime to a minimum and shall accordingly supply the Union with a weekly listing of all employees who work overtime. Upon request, the Union shall be provided with an explanation of the circumstances of the overtime. This mandatory requirement shall also apply to call back work as stated in article In the Information Services Division, should any new position be created during the life of this agreement or should the City re-instate any unfilled pos...
Sample 1
Calculation of Overtime Rates. An employee who is absent on approved time off during his/her scheduled work week because of sickness, bereavement, holidays, vacation or other approved leave of absence shall, for the purpose of computing overtime pay, be considered as if he had worked during his/her regular hours during such absence. Employees who are on annual leave for one week or less at the time of overtime will be eligible. Employees off work for one day bereavement leave shall be eligible. Employees checking out for personal business and medical appointments will also be eligible. Employees on sick leave, illness in the family, three (3) days bereavement leave, early and safe return to work or who are temporarily on modified duties will not be eligible. It is the employee’s responsibility to notify the Supervisor if she/he is taking leave as noted above and wishes to be considered for overtime.
Sample 1

Related to Calculation of Overtime Rates

  • 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 Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Xxxxxxx Mac will designate an alternative index that has performed, or that Xxxxxxx Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of xxxxxxx needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at xxx.xxx.xx.xxx/XXXX/XXX. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

  • Computation of Interest, Fees, Yield Protection All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.9, submitted to Borrower Agent by Agent or the affected Lender, as applicable, shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

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

  • 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.

Most Referenced Clauses

Most Referenced Definitions