EQUIVALENT BIWEEKLY, MONTHLY AND ANNUAL RATE. 1. Equivalent biweekly pay rate shall be determined by multiplying the hourly rate by eighty (80) hours. 2. Equivalent annual pay rate shall be determined by multiplying the hourly rate by two thousand and eighty (2080) hours. 3. Equivalent monthly pay rate shall be determined by dividing the annual rate by twelve (12) months.
Appears in 10 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
EQUIVALENT BIWEEKLY, MONTHLY AND ANNUAL RATE. 1. Equivalent biweekly pay rate shall be determined by multiplying the hourly rate by eighty (80) hours.
2. Equivalent annual pay rate shall be determined by multiplying the hourly rate by two two-thousand and eighty (2080) hours.
3. Equivalent monthly pay rate shall be determined by dividing the annual rate by twelve (12) months.
Appears in 1 contract
Samples: Master Memorandum of Understanding
