Computation of Average Straight-Time Hourly Earnings Sample Clauses

Computation of Average Straight-Time Hourly Earnings. The method of computing a wage employee’s average straight time hourly earnings shall be as follows Divide the sum of all money earned during the four (4) calendar weeks preceding such date for hours worked, excluding shift differential premium and overtime penalty pay, by the total of such hours worked. Newly hired employees or employees transferred from salary payroll to wage payroll shall have their average earnings based upon the wage rate of the classification to which they are first assigned until the next regular period for average earnings determination as outlined below. An employee’s average straight-time hourly earnings rate shall be his average straight-time hourly earnings for the four (4) week period prior to the notice given to the Union, and shall be effective the first day of the pay period the program is initiated (as set forth in the Pg. 61 Average Earnings Letter), and shall be his rate for the payment of average earnings for the four (4) weeks that follow introduction. The One (1) week lag shall be maintained during the Agreement. The annual inventory and/or vacation shutdown will be disregarded in determining the four (4) week computed workweeks. Week 2 Week 3 Week 4 Week 5 Week 6 Weeks 1-4 Week 6 First Week under this program Week 7 Week 6 Week 8 Week 6 Week 9 Week 6 Week 10 Weeks 5-8 Week 10 Week 11 Week 10 Week 12 Week 10 Week 13 Week 10 Week 14 Weeks 9-12 Week 14 Week 15 Week 14 Week 16 Week 14 Week 17 Week 18 Weeks 13-16 Week 19 Etc. Etc Pg. 62
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Computation of Average Straight-Time Hourly Earnings. The method of computing a wage employee’s average straight time hourly earnings shall be as follows: Divide the sum of all money earned during the four calendar weeks preceding such date for hours worked, excluding shift differential premium and overtime penalty pay, by the total of such hours worked. Newly hired employees or employees transferred from salary payroll to wage payroll shall have their average earnings based upon the wage rate of the classification to which they are first assigned until the next regular period for average earnings determination as outlined below. An employee’s average straight-time hourly earnings rate shall be his average straight-time hourly earnings for the four week period prior to the notice given to the Union, and shall be effective the first day of the pay period the program is initiated (as set forth in the Average Earnings Letter), and shall be his rate for the payment of average earnings for the four weeks that follow introduction. The One week lag shall be maintained during the Agreement. The annual inventory and/or vacation shutdown will be disregarded in determining the four week computed workweeks. Pg.

Related to Computation of Average Straight-Time Hourly Earnings

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • COMPUTATION OF BACK WAGES No claim for back wages shall exceed the amount of wages the employee would otherwise have earned at the employee's regular rate less:

  • Overtime Computation Computation of overtime will be rounded upward to the nearest one-tenth (1/10th) of an hour.

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Hourly Wage Rates The Employer shall pay wages to every employee covered by this Agreement at the rates set forth in Schedule "A" hereunto annexed in respect of the various classifications therein contained. Schedule "A" shall be deemed to be contained in, and form a part of this Agreement.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Calculation of Service 25.7 For purposes of calculating continuous service and active service, a year shall be deemed to consist of two hundred and sixty-one (261) working days.

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