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Common use of Hourly Pay Clause in Contracts

Hourly Pay. Employee shall be paid at a rate of one-hundred-twenty- three dollars and zero cents ($123.00) per hour for all authorized hours worked, less all applicable Federal, State and local withholding, payable on the District-established payroll cycle. For reference purposes only, the hourly pay rate would reflect a fulltime equivalent annual salary of two hundred fifity five thousand eight hundred forty dollars and zero cents ($248,726.00) per year ($123.00 times 2,080 hours). Employee shall provide the Finance Committee with a report of hours worked in fifteen-minute increments by way of a twice-monthly timesheet. Report shall include such details as required by formal action of the Board of Directors. Compensation shall be paid twice per month in accordance with District policies or as established by the Board of Directors.

Appears in 1 contract

Samples: At Will Employment Agreement

Hourly Pay. Employee shall be paid at a rate of one-hundred-hundred twenty- three dollars and zero cents ($123.00) per hour for all authorized hours worked, less all applicable Federal, State and local withholding, payable on the District-established payroll cycle. For reference purposes only, the hourly pay rate would reflect a fulltime equivalent annual salary of two hundred fifity fifty-five thousand eight hundred forty dollars and zero cents ($248,726.00255,840.00) per year ($123.00 times 2,080 hours). Employee shall provide the Finance Committee with a report of hours worked in fifteen-minute increments by way of a twice-monthly timesheet. Report shall include such details as required by formal action of the Board of Directors. Compensation shall be paid twice per month in accordance with District policies or as established by the Board of Directors.

Appears in 1 contract

Samples: At Will Employment Agreement

Hourly Pay. Employee shall be paid at a rate of one-hundred-twenty- three dollars and zero cents ($123.00) per hour for all authorized hours worked, less all applicable Federal, State and local withholding, payable on the District-established payroll cycle. For reference purposes only, the hourly pay rate would reflect a fulltime equivalent annual salary of two hundred fifity fifty-five thousand eight hundred forty dollars and zero cents ($248,726.00255,840.00) per year ($123.00 times 2,080 hours). Employee shall provide the Finance Committee with a report of hours worked in fifteen-minute increments by way of a twice-monthly timesheet. Report shall include such details as required by formal action of the Board of Directors. Compensation shall be paid twice per month in accordance with District policies or as established by the Board of Directors.

Appears in 1 contract

Samples: At Will Employment Agreement

Hourly Pay. Employee shall be paid at a rate of one-hundred-twenty- three nineteen dollars and zero fifty-eight cents ($123.00119.58) per hour for all authorized hours worked, less all applicable Federal, State and local withholding, payable on the District-established payroll cycle. For reference purposes only, the hourly pay rate would reflect a fulltime equivalent annual salary of two hundred fifity five forty eight thousand eight seven hundred forty twenty six dollars and zero forty cents ($248,726.00248,726.40) per year ($123.00 119.58 times 2,080 hours). Employee shall provide the Finance Committee with a report of hours worked in fifteen-minute increments by way of a twice-twice- monthly timesheet. Report shall include such details as required by formal action of the Board of Directors. Compensation shall be paid twice per month in accordance with District policies or as established by the Board of Directors.

Appears in 1 contract

Samples: At Will Employment Agreement