Conditions Under Which Overtime Rates Shall Apply Sample Clauses

Conditions Under Which Overtime Rates Shall Apply. 07.02.01 07.03.00
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Conditions Under Which Overtime Rates Shall Apply. A. Overtime compensation at the rate of one and one half (1-1/2) times the regular hourly wage rate of the job worked shall be paid for all hours worked in excess of eight hours if the Employee is scheduled to work eight (8) hours in the day. Overtime compensation at the rate of one and one half (1-1/2) times the regular hourly wage rate of the job worked shall be paid for all hours worked in excess of ten hours if the Employee is scheduled to work ten (10) hours or more in the day. Overtime compensation at the rate of one and one half (1-1/2) times the regular hourly wage of the job worked shall be paid for all time worked by an Employee in excess of forty (40) hours within a workweek. Effective 90 days after the effective date of this Agreement, all hours worked by an Employee during a workweek that exceeds a total of fifty-six (56) hours will be paid at the applicable rate of double time. There shall be no pyramiding of overtime or of overtime and premium pay under this Article or any other Article of this Agreement.
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Conditions Under Which Overtime Rates Shall Apply. In special cases, with Board approval, overtime rate. of one and one-half (1!) times the regular hourly rate shall be paid as follows:
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Conditions Under Which Overtime Rates Shall Apply. Overtime compensation at the rate of one and one half (1 1⁄2) times the regular Hourly Wage rate of the job worked shall be paid for all hours worked in excess of eight (8) hours if the Employee is scheduled to work eight (8) hours in the day. Overtime compensation at the rate of one and one half (1 1⁄2) times the regular Hourly Wage rate of the job worked shall be paid for all hours worked in excess of ten (10) hours if the Employee is scheduled to work ten (10) hours in the day. Overtime compensation at the rate of one and one half (1 1⁄2) times the regular Hourly Wage rate of the job worked shall be paid for all hours worked in excess of twelve (12) hours if the Employee is scheduled to work twelve (12) hours or more in the day. Overtime compensation at the rate of one and one half (1 1⁄2) times the regular Hourly Wage of the job worked shall be paid for all time worked by an Employee in excess of forty (40) hours within a work week. All hours worked by an Employee during a work week that exceeds a total of fifty-six (56) hours, or is the seventh consecutive day in a work week, will be paid at the applicable rate of double time. All hours worked by an Employee during a consecutive 168 hour work week as stated in Article 11 Section 1, paragraph B which exceeds fifty-six (56) hours, or is the seventh consecutive day shall be paid at the applicable rate of double time. There shall be no pyramiding of overtime or of overtime and premium pay under this article or any other article of this agreement.
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Related to Conditions Under Which Overtime Rates Shall Apply

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Basis for Determining Interest Rate Inadequate or Unfair In the event that Agent or any Lender shall have determined that:

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Borrower Information Used to Determine Applicable Interest Rates The parties understand that the applicable interest rate for the Obligations and certain fees set forth herein may be determined and/or adjusted from time to time based upon certain financial ratios and/or other information to be provided or certified to the Lenders by the Borrower (the “Borrower Information”). If it is subsequently determined that any such Borrower Information was incorrect (for whatever reason, including without limitation because of a subsequent restatement of earnings by the Borrower) at the time it was delivered to the Administrative Agent, and if the applicable interest rate or fees calculated for any period were lower than they should have been had the correct information been timely provided, then, such interest rate and such fees for such period shall be automatically recalculated using correct Borrower Information. The Administrative Agent shall promptly notify the Borrower in writing of any additional interest and fees due because of such recalculation, and the Borrower shall pay such additional interest or fees due to the Administrative Agent, for the account of each Lender, within five (5) Business Days of receipt of such written notice. Any recalculation of interest or fees required by this provision shall survive the termination of this Agreement, and this provision shall not in any way limit any of the Administrative Agent’s, the Issuing Bank’s, or any Lender’s other rights under this Agreement.

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