Guaranteed Overtime Sample Clauses

Guaranteed Overtime. As used in this Contract is premium pay based both upon the specific type of hours worked, such as standby, unscheduled call-in duty, double-backs, etc. The overtime rate of 1 1/2 times the regular base hourly rate is paid, guaranteed, for all of the specific hours worked whether the total hours worked for the week exceed 40 hours or not. Since the specified hours are already guaranteed overtime pay, they are not counted again as hours actually worked for purposes of calculating additional overtime for the week. If counted again as hours actually worked toward overtime, the result would be a duplication of pyramiding of overtime which is not permitted by the terms of this Contract.
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Guaranteed Overtime. Guaranteed overtime payments shall be not less than 103 hours per month for ratings with a 40-hour normal working week. Agreements already in force providing for guaranteed overtime payments outside these limits may remain in effect as provided for above.
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Guaranteed Overtime. Shift employees shall be paid overtime at the rate of 1 1/2 times their regular base hourly rate for a guaranteed twelve (12) hours worked during a 27-day work period. As used in this Agreement is premium pay based upon the specific type of hours worked, such as emergency call-in or standby hours worked. Hours which are specified as “guaranteed” are paid at the overtime rate of 1 1/2 times the regular base hourly rate. Since the specified hours are already guaranteed overtime pay, they are not counted again as hours actually worked for purposes of calculating additional overtime for the week or pay cycle. If counted again as hours actually worked toward overtime, the result would be a duplication or pyramiding of overtime, which is not permitted by the terms of this Agreement.
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Guaranteed Overtime. On those occasions when it is necessary to call an Employee in for overtime work after regular working hours and not in continuation thereof, the Employee shall be credited with a minimum of two (2) hours overtime.
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Related to Guaranteed Overtime

  • Guaranteed Obligations The Guarantor, in consideration of the execution and delivery of the Note Purchase Agreement and the purchase of the Notes by the Purchasers, hereby irrevocably, unconditionally and absolutely guarantees, on a continuing basis, to each Noteholder as and for the Guarantor’s own debt, until final and indefeasible payment of the amounts referred to in clause (a) below has been made: (a) the due and punctual payment by the Company of the principal of, and the Make-Whole Amount (if any) and interest on, the Notes at any time outstanding and the due and punctual payment of all other amounts payable, and all other Indebtedness owing, by the Company to the Noteholders under the Note Purchase Agreement and the Notes (including, without limitation, any monetary obligations incurred during the pendency of any bankruptcy, insolvency, winding-up, receivership or other similar proceeding regardless of whether allowed or allowable in such proceeding including, without limitation, interest accrued on the Notes during any such proceeding), in each case when and as the same shall become due and payable, whether at maturity, pursuant to mandatory or optional prepayment, by acceleration or otherwise, all in accordance with the terms and provisions hereof and thereof; it being the intent of the Guarantor that the guarantee set forth herein shall be a continuing guarantee of payment and not a guarantee of collection; and (b) the punctual and faithful performance, keeping, observance, and fulfillment by the Company of all duties, agreements, covenants and obligations of the Company contained in the Note Purchase Agreement and the Notes. All of the obligations set forth in clause (a) and clause (b) of this Section 2.1 are referred to herein as the “Guaranteed Obligations.”

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