Computation of Holiday Pay or Compensatory Time Sample Clauses

Computation of Holiday Pay or Compensatory Time. An employee who is required to work a holiday or is called in may choose to receive overtime pay equivalent to one and one half (1 1/2) times the hours worked times the regular rate or receive compensatory time equivalent to one and one half (1 1/2) times the hours worked, in addition to the hours of holiday pay. Upon separation from state service for any reason including retirement, employees will receive compensation for all holiday compensatory time earned but not used pursuant to this section.
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Computation of Holiday Pay or Compensatory Time. An employee who is required to work a holiday or is called in may choose to receive overtime pay equivalent to one and one-half (1 ½) times the hours worked times the total rate or receive compensatory time equivalent to one and one-half (1 ½) times the hours worked. All mandatory overtime worked by an employee on a holiday will be compensated at two and one-half (2 ½) times the total rate of pay or receive compensatory time equivalent to two and one-half (2 ½) times the hours worked. If an employee works a voluntary overtime program on a holiday, they will receive their normal overtime rate, one and one-half (1 ½) time the total rate of pay. Employees on a four-day ten-hour schedule will only be compensated at one and one-half (1 ½) times the hours worked up to a maximum of eight (8) hours. Any additional hours worked will be paid at straight time, unless the employee is in an overtime status.
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Computation of Holiday Pay or Compensatory Time. An employee who is required to work a holiday or is called in may choose to receive overtime pay equivalent to one and one-half times the hours worked times the total rate or receive compensatory time equivalent to one and one-half (1 1/2) times the hours worked. All mandatory overtime worked by an employee on a holiday will be compensated at two and one-half (2 1/2) times the total rate of pay or receive compensatory time equivalent to two and one-half times the hours worked. If an employee works a voluntary overtime program on a holiday, they will receive their normal overtime rate, one and one-half (1 1/2) time the total rate of pay. Employees on a four-day ten-hour schedule will only be compensated at one and one-half (1 ½) times the hours worked up to a maximum of eight (8) hours. Any additional hours worked will be paid at straight time, unless the employee is in an overtime status. Explanation: Regardless of whether an employee works 8 hours or more on a holiday, he/she will only be compensated at time and a half for up to 8 hours. Any hours worked on a holiday past 8 hours shall be paid at straight time, unless he/she is in an overtime status. Example: Employee works 10 hours on a holiday in a week where he/she works no overtime. He/she will receive 8 hours of pay at time and a half and 2 hours of pay at straight time. The employee will also be paid 8 hours of holiday pay per 44.02.
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Computation of Holiday Pay or Compensatory Time. An employee who is required to work a holiday or is called in may choose to receive overtime pay equivalent to one and one - half times the hours worked times the total rate or receive compensatory time equivalent to one and one-half (1 1/2) times the hours worked. All mandatory overtime worked by an employee on a holiday will be compensated at two and one -half (2 1/2) times the total rate of pay or receive compensatory time equivalent to two and one-half times the hours worked. If an employee works a voluntary overtime program on a holiday, they will receive their normal overtime rate, one and one-half (1 1/2) time the total rate of pay.
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Computation of Holiday Pay or Compensatory Time. An employee who is required to work a holiday or is called in may choose to receive overtime pay equivalent to one and one-half (1 1/2) times the hours worked times the base rate of pay or receive compensatory time equivalent to one and one-half (1 1/2) times the hours worked. Holiday compensatory time will be used by the end of the year or by June 30th of the following year if the work occurred in the second half of the year. Upon separation from state service for any reason including retirement, employees will receive compensation for all holiday compensatory time earned but not used pursuant to this Section at the rate of pay in effect at the date of separation.
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Related to Computation of Holiday Pay or Compensatory Time

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Eligibility for Holiday Pay A. An employee must be paid for all or a portion of both the regularly scheduled working assignment immediately prior to a holiday and the regularly scheduled working assignment immediately after that holiday in order to receive holiday pay. With County approval, compensatory time earned for working on a holiday or for a holiday falling on a regularly scheduled day off may be taken on the first scheduled working day after the holiday. B. A new employee whose first working day is the day after a holiday shall not be paid for that holiday. C. An employee who elects paid County retirement on a holiday shall be paid for the holiday. D. An employee who is terminating employment for reasons other than paid County retirement and whose last day as a paid employee is the day before a holiday shall not be paid for that holiday. E. Only regular, limited-term and probationary employees shall be eligible for holiday pay.

  • Compensation for Work on a Holiday (a) Where an Employee is regularly scheduled to work, in accordance with Article 14, and their regularly scheduled day of work falls on a paid holiday, as defined in Article 18.01, they shall receive compensation equal to two and one-half (2 ½) times their regular rate of pay as follows: (i) compensation at one and one-half (1½) times their regular rate of pay, including the holiday pay, for the hours worked on the holiday; and (ii) time off with pay in lieu of the holiday on an hour-for-hour basis at a mutually acceptable time in accordance with Article 18.11. (b) Where time off with pay in lieu of the holiday has not been granted in accordance with Article 18.05(a)(ii), compensation shall be granted at the Employee’s regular rate of pay for those hours worked on the holiday.

  • Monday to Saturday Time and a-half for the first three hours and double time thereafter.

  • Accrual of Annual Leave (a) An employee shall accrue an amount of paid annual leave, for each completed 4 week period of continuous service with the employer, of 1/13 of the number of ordinary hours worked by the employee for the employer during that 4 week period. (b) Annual leave shall accrue on a pro-rata basis and be credited to the employee monthly.

  • Holiday Falling on Saturday or Sunday For an employee whose normal workweek is from Monday to Friday and when any of the above-noted holidays falls on a Saturday and is not proclaimed as being observed on another day, the following Monday will be deemed to be the holiday. When a holiday falls on a Sunday and it is not proclaimed as being observed on another day, the following Monday (or Tuesday, where the preceding section already applies), will be deemed to be the holiday for the purpose of this agreement.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Business Day Convention If the date on which any payment is due to be made under this Agreement shall occur on a day on which is not a Business Day, such payment shall be made in accordance with the Business Day Convention as specified in the Notes or the Indenture.

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