Common use of Conversion of Annual or Monthly Rates to Semimonthly or Bi Clause in Contracts

Conversion of Annual or Monthly Rates to Semimonthly or Bi. Weekly 332. When rates of compensation provided on an annual or monthly basis are converted to bi-weekly rates for payroll purposes and the resulting amount involves a fraction of a cent, the converted bi-weekly rate shall be adjusted to eliminate such fraction of a cent on the following basis:

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Conversion of Annual or Monthly Rates to Semimonthly or Bi. Weekly 332278. When rates of compensation provided on an annual or monthly basis are converted to bi-weekly rates for payroll purposes and the resulting amount involves a fraction of a cent, the converted bi-weekly rate shall be adjusted to eliminate such fraction of a cent on the following basis:

Appears in 2 contracts

Samples: Agreement, Agreement

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