Hourly Pay Rate Sample Clauses

The Hourly Pay Rate clause defines the specific amount an employee or contractor will be compensated for each hour of work performed. This clause typically outlines the exact rate, the frequency of payment, and may address how overtime or special rates are handled. By clearly stating the hourly wage, it ensures both parties understand the basis for payment calculations, reducing the risk of disputes over compensation and promoting transparency in the working relationship.
Hourly Pay Rate. A full-time Librarian's hourly pay rate will be computed by dividing his annual salary by 2,080.
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Hourly Pay Rate. The hourly rate for all employees covered under this agreement will be increased by two percent (2%) for year one of this agreement. (i.e. July 1st, 2020) The hourly rate for all employees covered under this agreement will not be increased for year two of this agreement (i.e. July 1, 2021) at this time. A wage re-opener is agreed to for further negotiation of wages for year two to be held in February 2021. The hourly rate for all employees covered under this agreement will not be increased for year three of this agreement (i.e. July 1, 2022) at this time. A wage re-opener is agreed to for further negotiation of wages for year three to be held in February 2022.
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Hourly Pay Rate. The regular hourly rate of a Nurse shall be determined by dividing the yearly increment rate of the Nurse, as set out in Appendix “A”, by 2080 hours.
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Hourly Pay Rate. 1. All credit bearing courses, excluding those covered by Section G of Article X, TEACHING HOURS AND ASSIGNED DUTIES, shall be compensated at 0.2
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Hourly Pay Rate. The hourly rate will be determined by dividing the annual rate by 2080.
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Related to Hourly Pay Rate

  • Hourly Rate (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement for payment for labor that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement will not be paid to the extent the work is performed by individuals that do not meet the specified qualification. (D) Seller shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreement) by evidence of actual payment and by individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreement, or other substantiation approved by Company. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by ▇▇▇▇▇▇ as provided below. (F) Unless this Agreement prescribes otherwise, hourly rates shall not be varied by virtue of Seller having performed work on an overtime basis. If overtime rates are provided, the premium portion will be reimbursable only to the extent the overtime is approved by Company.

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

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • Hourly Rates The following is a list of hourly billable rates that Contractor shall apply for additional services requested of the Contractor. Contractor shall be compensated based on the hourly rates set forth below, on a time and material basis for those services that are within the general scope of services of this Agreement, but beyond the description of services required under Exhibit A, and all services are reasonably necessary to complete the standards of performance required by this Agreement. Any changes and related fees shall be mutually agreed upon between the parties by a written amendment to this Agreement. Hourly Billable Rate Schedule Title Role on Project Hourly Billable Rates $ $ $ $ $ $ $

  • 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.