Common use of Formula for Calculating Hourly Wage Rate Clause in Contracts

Formula for Calculating Hourly Wage Rate. ‌ To calculate the hourly wage rate for full-time and regular part-time employees, the following formula shall be applied to the monthly salary set out in Appendix A of this collective agreement. "Monthly salary x 12 divided by 1820 hours = hourly rate"

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Formula for Calculating Hourly Wage Rate. To calculate the hourly wage rate for full-time and regular part-time employees, the following formula shall be applied to the monthly salary set out in Appendix A of this collective agreementCollective Agreement. "Monthly salary x 12 divided by 1820 hours = hourly rate."

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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