FLSA Calculation Sample Clauses

FLSA Calculation. The Township payment for those items which must be included in the Fair Labor Standards Act calculation of overtime will be made on an annual basis. The payment will be made in the first paycheck of February each year.
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FLSA Calculation. The Employer shall calculate any amount of pay owing to an employee in accordance with the Federal Fair Labor Standards Act. In making the calculation, the Employer shall consider personal leave and time off on a duly scheduled vacation to be time worked, but not other unpaid or paid time off. The parties acknowledge that the Fire Department operates under an extended work period of twenty-four (24) consecutive calendar days pursuant to 29 USC §207(k) of the Fair Labor Standards Act (FLSA) for those employees working 24-hour shifts. The maximum hours worked in said twenty-four
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FLSA Calculation. The Employer shall calculate any amount of pay owing to an employee in accordance with the Federal Fair Labor Standards Act. In making the calculation, the Employer shall consider time off on a duly scheduled vacation to be time worked, but not other unpaid or paid time off. The parties acknowledge that the Fire Department operates under an extended work period of twenty-four (24) consecutive calendar days pursuant to 29 USC §207(k) of the Fair Labor Standards Act (FLSA) for those employees working 24-hour shifts. The maximum hours worked in said twenty- four (24) day extended work period before overtime pay is earned is 182 hours except as provided in Articles 9 and 10.
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FLSA Calculation. Overtime shall be paid at time-and-a-half for hours worked in excess of 40 hours per work week. All employee overtime shall be earned in increments of one-quarter (1/4) hour and will be compensated in cash at the rate of time and one-half (1 ½) the employee’s regular rate of pay.
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Related to FLSA Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • DATA FOR CALCULATIONS The initial calculations for any payments owing under this Agreement shall be based upon the valuations placed upon the Qualified Property by the Appraisal District in its annual certified appraisal roll submitted to the District pursuant to § 26.01 of the TEXAS TAX CODE in or about July of each year of this Agreement. The certified appraisal roll data shall form the basis from which any and all amounts due under this Agreement are calculated, and the data utilized by the Consultant will be adjusted as necessary to reflect any subsequent adjustments by the Appraisal District to the District’s appraisal roll. Any estimates used by the Consultant to make calculations as required by this Agreement shall be based on the best and most current information available. The Consultant shall from time to time adjust the data utilized to reflect actual amounts, subsequent adjustments by the Appraisal District to the District’s certified appraisal roll, or any other relevant changes to material items such as student counts or tax collections.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • 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.

  • Calculation methodology No adjustment in the Conversion Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Price then in effect, provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in this Article VI, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Article V and Section 6.06 hereof and this Section 6.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

  • 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.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

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