Common use of Calculation of Overtime Rates Clause in Contracts

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.

Calculation of Overtime Rates. For the purpose of calculating computing the hourly rateovertime rates for monthly rated employees, an employee's the monthly salary rate shall be divided by one hundred thirty 173, or by 151 in the case of clerical employees (130this being the average number of hours worked per month) and multiplied by the applicable overtime raterates. Payment for overtime shall be accompanied by an itemized statement.

Calculation of Overtime Rates. For the purpose of calculating the hourly rate, an employee's monthly rate shall be divided by one hundred thirty twenty-one point eight (130121.8) and multiplied by the applicable overtime rate.