Holiday Pay Calculations Sample Clauses

Holiday Pay Calculations. Unit Members working less than eight (8) hours per day will receive compensation for holidays. Salary paid for holidays shall be for the number of hours of service rendered on regular working days. These hours shall be determined at the time contracts are prepared and will be added to the total hours in the contract calculations.
Sample 1
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Holiday Pay Calculations. Full-time employees shall be paid holiday pay based on their regular hourly rate for the regular shift worked or scheduled. Part-time employees shall be paid holiday pay based on all hours paid in the four week period preceding the holiday including vacation pay, divided by 20 as per Employment Standards Act as amended from time to time.
Sample 1
Holiday Pay Calculations. Payment for all holidays shall be prorated to the average daily hours worked per regularly scheduled pay period. Pay for the Labor Day holiday will be calculated as the same average daily number of hours to be worked by the employee on a regularly-scheduled basis during the remainder of that week.
Sample 1

Related to Holiday Pay Calculations

  • 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.

  • Holiday Pay A. On each of the holidays designated above, each full-time employee scheduled to work but permitted to take the day off shall receive pay computed at the employee's basic hourly rate for the number of hours the employee was regularly scheduled to work.

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

  • Holiday Pay Eligibility ‌ In order to be eligible for holiday pay, an employee must be in a pay status on the last regularly scheduled working day immediately before or on the first regularly scheduled day immediately after the holiday (§ 2-18-603, Mont. Code Xxx.). If a new employee or an employee returning from inactive status or layoff reports to work on a day following the holiday, the employee will not receive compensation for the holiday except as provided for in Section 7.

  • 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.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.

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