Calculation of Part Month's Salary. When it is necessary to calculate a part of a month's salary, or in any case concerning pay due or deducted from an employee working on a monthly rate, such pay shall be computed by computing the actual weekly regular hours to an average monthly hours, multiplying by the number of days worked in the month, dividing by the total number of working days in the month inclusive of holidays, then multiplying by the hourly rate. For employees employed on an hourly basis, the hourly rate will be computed by multiplying the regular monthly rate by twelve (12) months, dividing by fifty-two (52) weeks, then dividing by the normal hours of work per week.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
