Computation of Different rates of Pay for Overtime Sample Clauses

Computation of Different rates of Pay for Overtime. In the event an employee works in more than one category of position with different rates of pay, overtime will be calculated as per the following example (weighted average method) Example: An employee works 25 hours in one week at $8.00 per hour, and an additional 20 hours during the same week at $11.50 per hour. 25 x $ 8.00 = $200.00 20 x $11.50 = $230.00 45 hours = $430.00 The total dollars earned that week will be divided by the total number of hours worked during that week ($430/45hours). The average hourly rate will then be multiplied by the number of hours work over forty (40) for that week then multiplied by .5 to determine the amount of overtime pay. For example: ($9.56 x 5)*.5 = $23.90 The total pay for 45 hours would be: 45 hours at straight time = $430.00 5 hours at premium = $ 23.90 Total salary = $453.90
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Related to Computation of Different rates of Pay for Overtime

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

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