Holiday Premium Compensation Sample Clauses

Holiday Premium Compensation. Holiday premium pay is paid at 1.5 times the hourly wage rate for the first 8 hours worked on a holiday. For pay purposes, a holiday begins at 6:00 a.m. the day of the holiday and ends at 6:00 a.m. the next day. Employees who prefer to work holidays instead of having them off can volunteer to work additional holidays during their "t" shift week or on a day off On the 8 hour work shift schedule, an employee was paid 1.5 times their wage rate for all hours worked on a holiday. On the 12-hour shift work schedule an employee is paid 1.5 times the wage rate for only the first 8 hours of a 12 hour shift. To the employee, this is a reduction of 2 pay hours per holiday worked or 8.8 pay hours per year compared to the old 8 hour shift work schedule (11 holidays per year X 14 shifts scheduled over 35 days X 2 pay hours per holiday).
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Holiday Premium Compensation. A. Employees who work on one of the following holidays shall receive holiday premium compensation as described below. 1. New Year’s Day 2. Easter 3. Memorial Day 4. Juneteenth 5. Independence Day 6. Labor Day 7. Veteran’s Day 8. Thanksgiving Day
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Holiday Premium Compensation. A. Employees who work on one of the following holidays shall receive holiday premium compensation as described below. 1. New Year’s Day 2. Easter 3. Memorial Day 28 MOU 00 0000-0000 4. Independence Day 5. Labor Day 6. Veteran’s Day 7. Thanksgiving Day 8. Christmas Eve 9. Christmas Day 10. New Year’s Eve The following subsections B through G, inclusive, apply to Port Police Lieutenants only. B. Holiday premium compensation shall be paid to a Port Police Lieutenant who works any watch which either starts or ends on a day listed above. A Port Police Lieutenant shall be entitled to holiday premium compensation only once for each day listed above. For example, if a Port Police Lieutenant’s work shifts begins at 1600 hours on July 3rd and ends at 0400 hours on July 4th and the employee’s next work shift begins at 1600 hours on July 4th and ends at 0400 hours on July 5th, the Port Police Lieutenant shall be entitled to one full shift of holiday premium compensation pay, i.e., for July 4th. The Lieutenant shall not be eligible for nor receive holiday premium compensation pay for the work shift that started on July 3rd and ended on July 4th because the Lieutenant would receive holiday premium compensation for having worked a shift that began on July 4th. C. A Port Police Lieutenant who works on any holiday listed in Article 5.3. A. above will be compensated at the rate of one and one-half the hourly rate for all hours worked on the observed holiday. D. All holiday premium compensation shall be provided in the form of cash or time off with pay at the sole discretion of the Department. E. A Port Police Lieutenant shall report and request holiday premium compensation for having worked a regularly scheduled shift on a holiday specified in Article 5.3. A. above on a form provided by the Department. F. A Port Police Lieutenant who works an overtime shift on a holiday specified in Article 5.3. A. above, i.e., hours worked in addition to regularly scheduled, is entitled to overtime compensation in accordance with Article 6.4
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Related to Holiday Premium Compensation

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

  • HOLIDAY COMPENSATION FOR TIME WORKED Employees required by their respective City representative to work on any of the above- specified or to substitute holidays excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid for the legal holiday plus extra compensation of one (1) additional day’s pay at time and one-half (1-1/2) the usual rate in the amount of twelve (12) hours’ pay for eight (8) hours worked or a proportionate amount of less than eight (8) hours worked; provided, however, that at an employee’s request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • Intercarrier Compensation Except as specifically described in this Section, the Agreement does not change or amend applicable intercarrier compensation arrangements (including but not limited to Switched Access, Signaling, or Transit charges) between any parties, including between Qwest and Carriers or IXCs.

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