Common use of Hourly Overtime Rate Clause in Contracts

Hourly Overtime Rate. (a) The hourly rate for overtime payment is ascertained by the following formula: (A ÷ 313 x 6 ÷ 36.75) x P Where: • A is the annual salary; and • P is the prescribed rate.

Appears in 5 contracts

Samples: Enterprise Agreement, Enterprise Agreement, Enterprise Agreement

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Hourly Overtime Rate. (a) The hourly rate for overtime payment is ascertained by the following formula: (A ÷ 313 x 6 ÷ 36.75) x P Where: • A is the annual salary; and • P is the prescribed rate.

Appears in 1 contract

Samples: eba10.com.au

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