Hourly Overtime Base Rate Sample Clauses

Hourly Overtime Base Rate. The Hourly Overtime Base Rate is the Employee’s Hourly Adjusted Rate plus: (1) In any week during which the employee is entitled to a weekly night differential, the amount obtained by dividing the employee’s weekly night differential by the number of hours in her or his normal work week. (2) In any week during which the employee is entitled to a daily evening or night differential, the amount obtained by dividing the employee’s daily evening or night differential payment by the number of hours corresponding to the employee’s normal tour for that day.
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Related to Hourly Overtime Base Rate

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Daily Overtime All employees shall be paid the applicable overtime rate of time and one-half (1-1/2) for all time worked in excess of eight (8) hours per day.

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

  • Overtime Computation Computation of overtime will be rounded upward to the nearest one-tenth (1/10th) of an hour.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Base Rate The higher of (a) the annual rate of interest announced from time to time by BKB at its head office in Boston, Massachusetts, as its "base rate" and (b) one-half of one percent (1/2%) above the Federal Funds Effective Rate. For the purposes of this definition, "Federal Funds Effective Rate" shall mean for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three funds brokers of recognized standing selected by the Agent.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

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