Common use of Compensation Rate Clause in Contracts

Compensation Rate. An employee who is called back to work shall be paid a minimum of two (2) hours at the premium rate of pay of one and one-half (1 ½) times the employee’s straight rate of pay. After two (2) hours of work in each call-back instance, the employee will be compensated at the appropriate rate of pay for time worked. An employee may elect in writing, in lieu of cash payment and without supervisory approval, to deposit the premium portion (½ x) of callback hours worked in the employee’s compensatory time bank, consistent with the provisions of Section 9.1.5.

Appears in 2 contracts

Samples: static1.squarespace.com, static1.squarespace.com

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Compensation Rate. An employee who meets the requirements for callback pay in Article 9.2 is called back to work shall be paid a minimum of two (2) hours at the premium rate of pay of one and one-half (1 ½) times the employee’s straight rate of pay. After two (2) hours of work in each call-back instance, commencing when the employee will actually begins work, and shall be compensated paid at one-half times the appropriate straight rate of pay for time worked. An employee may elect in writing, in lieu of cash payment and without supervisory approval, to deposit the premium portion (½ x) of callback all hours worked in the employee’s compensatory time bank, consistent with the provisions of Section 9.1.5after called back.

Appears in 1 contract

Samples: Preamble

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Compensation Rate. An employee who is called back to work shall be paid a minimum of two (2) hours at the premium rate of pay of one and one-half (1 ½) times the employee’s straight rate of pay. After two (2) hours of work in each call-back instance, the employee will be compensated at the appropriate rate of pay for time worked. An employee may elect in writing, in lieu of cash payment and without supervisory approval, to deposit the premium portion (½ x) of callback hours worked in the employee’s compensatory time bank, consistent with the provisions of Section 9.1.5.

Appears in 1 contract

Samples: www.ohsu.edu

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