Common use of Exempt Overtime Clause in Contracts

Exempt Overtime. Employees established as “exempt” from overtime by the City in accordance with the U.S. Department of Labor regulations shall not accrue pay or compensatory time as provided by this Article, except as provided in this Section. In lieu of regular overtime, exempt employees will be credited with additional vacation accrual at the rate of 1.539 hours per each full bi-weekly period of employment for full-time employees, and to equate to a prorated portion of 1.539 hours per each full bi-weekly period of employment for part-time exempt employees based upon the FTE for the part-time position or hours scheduled for those in a 1.0 FTE position who are scheduled for less than 1.0 (i.e., a 0.5 FTE exempt employee will be credited with 0.770 hours additional bi-weekly vacation accrual, and a 0.8 FTE exempt employee will be credited with 1.231 hours additional bi-weekly vacation accrual. Formula equals 40 x FTE/26 rounded up at three decimal places.)

Appears in 4 contracts

Samples: Letter of Agreement, Letter of Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Exempt Overtime. Employees established as “exempt” from overtime by the City in accordance with the U.S. Department of Labor regulations shall not accrue pay or compensatory time as provided by this Article, except as provided in this Section. In lieu of regular overtime, exempt employees will be credited with additional vacation accrual at the rate of 1.539 hours per each full bi-weekly period of employment for full-time employees, and to equate to a prorated portion of 1.539 hours per each full bi-weekly period of employment for part-time exempt employees based upon the FTE for the part-time position or hours scheduled for those in a 1.0 FTE position who are scheduled for less than 1.0 (i.e., a 0.5 FTE exempt employee will be credited with 0.770 hours additional bi-weekly vacation accrual, and a 0.8 FTE exempt employee will be credited with 1.231 hours additional bi-weekly vacation accrual. Formula equals 40 x FTE/26 rounded up at three decimal places.)

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.