Example of overtime calculation Sample Clauses

Example of overtime calculation. Mon Tue Wed Thu Fri Sat Sun all working hours performed during the week are added up 53.5 hours the total number of daily overtime hours are deducted from from the remainder, the regular working hours under the working hours scheme are deducted
Sample 1
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Example of overtime calculation. Base Rate with Haz- Mat, per Art. 6.G.1.iii (NBR) $31.50 1 Reg Pay (NBR*RH) $ 31.50 x 112.31 = $3,537.77 Reg Hours (RH) 112.31 2 Overtime Straight (NBR*OTH) $ 31.50 x 24 = $756.00 OT Hours (OTH) 24 3 Gross Straight Pay (GSP) (1+2) $3,537.77 + $756.00 = $4,293.77 Total Hours (TH) (RH+OTH) 136.31 4 Prem. OT Rate (POTR) (GSP/TH) $ 4,293.77 ÷ 136.31 = $31.50 5 Prem OT Pay ((POTR/2)*OTH) $ 31.50* x 24 = $378.00 6 Total Gross Pay (3+5) $ 4,293.77 + $ 378.00 = $4,671.77
Sample 1
Example of overtime calculation. Mon Tue Wed Thu Fri Sat Sun all working hours performed during the week are added up 53,5 hours the total number of daily overtime hours are deducted from from the remainder, the regular working hours under the working hours scheme are deducted COLLECTIVE AGREEMENT FOR SALARIED EMPLOYEES 9,5 hours An increased salary of 50 per cent is paid for daily overtime (Thursday). However, if 8 hours of weekly overtime has already been accumulated, an increase of 100 per cent for the daily overtime performed is paid. In this case, salary increased by 100% is paid for the last two hours on the Sunday. For the first eight hours of weekly overtime, a salary increased by 50 per cent is paid after which the salary is increased by 100 per cent. In this case, for the hours on the Saturday and the first 6.5 hours on the Sunday, a salary increased by 50 per cent and for the next 1.5 hours on the Sunday by 100 per cent is paid. The above applies to work governed by the Working Hours Act. In addition to other salary, a basic salary for all 10 hours is paid for work performed on Sundays as a Sunday work bonus. In addition, a weekly rest must be granted, or a weekly rest compensation must be paid in accordance with regulations explained below in section “Rest periods and weekly rest compensation”.
Sample 1

Related to Example of overtime calculation

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Overtime Computation Computation of overtime will be rounded upward to the nearest one-tenth (1/10th) of an hour.

  • 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.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Definition of Overtime Overtime means those hours worked in excess of normal hours of work as per Article 8.1 (Normal Work Week).

  • Daily Overtime All employees shall be paid the applicable overtime rate of time and one-half (1-1/2) for all time worked in excess of eight (8) hours per day.

  • Time Computation Saturday, Sunday and holidays recognized by this Agreement shall not be counted under the time procedures established in this Agreement.

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Xxxxxxx Mac will designate an alternative index that has performed, or that Xxxxxxx Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

  • Notice of Overtime The Agency shall give as much notice as possible of overtime to be worked.

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