Calculation of Salaries. 5.3.1(a) Conversion of annual salaries to hourly rates Where, for the purpose of any provision of this Agreement, it is necessary to convert an annual salary into an hourly rate, it will in every instance, be ascertained by using the following formula; multiply the annual rate by 12, divide by 313; calculated to the nearest ten cents and divided by 76.
Appears in 3 contracts
Samples: Workplace Agreement, Resthaven Incorporated Nursing Employees, Nursing Employees
Calculation of Salaries. 5.3.1(a5.2.1(a) Conversion of annual salaries to hourly rates Where, for the purpose of any provision of this Agreement, it is necessary to convert an annual salary into an hourly rate, it will in every instance, be ascertained by using the following formula; multiply the annual rate by 12, divide by 313; calculated to the nearest ten cents and divided by 76.
Appears in 1 contract
Samples: Klemzig Residential Care Services
Calculation of Salaries. 5.3.1(a) Conversion of annual salaries to hourly rates Where, for the purpose of any provision of this Agreement, it is necessary to convert an annual salary into an hourly rate, it will in every instance, be ascertained by using the following formula; multiply the annual rate by 12, divide by 313; calculated to the nearest ten cents and divided by 7675.
Appears in 1 contract
Samples: Keith And
