Common use of Holdover Pay Clause in Contracts

Holdover Pay. Should an employee be required to hold over, the employee shall receive one half (.5) time additional compensation as a premium for all hours held over. Overtime will not be calculated on the premium amount.

Holdover Pay. “Should an employee be required to hold over, the employee shall receive one half (.5) time additional compensation as a premium for all hours held over. Overtime will not be calculated on the premium amount.”

Holdover Pay. Should an employee be required to hold over, the employee shall receive one half (.5.5x) time additional compensation as a premium for all hours held over. Overtime will not be calculated on the premium amount.