Hourly rate computation Clause Samples
The Hourly Rate Computation clause defines how compensation is calculated based on the number of hours worked and a predetermined hourly rate. In practice, this clause specifies that payment to a contractor or service provider will be determined by multiplying the actual hours worked by the agreed-upon hourly rate, often requiring detailed time records or invoices for verification. Its core function is to ensure transparent and fair compensation for services rendered, preventing disputes over payment amounts by establishing a clear and objective method for calculating fees.
Hourly rate computation. The hourly rate for salaried Employees shall be computed by dividing the Employee's annual salary by the number of work hours in the year.
Hourly rate computation. The hourly rate for salaried Employees shall be computed by dividing the Employee’s annual salary by the number of work hours in the year. The number of work hours in the current year shall be determined by calculating the number of weekdays, Mondays through Fridays excluding Saturdays and Sundays, in the current year and multiplying times the basic full-time workday for the Employee’s position.
Hourly rate computation. Employees' regular hourly rates shall be as specified in the pay plan and shall exclude all other forms of compensation.
Hourly rate computation. Employees' base hourly rate shall be as specified in the pay plan. The “regular” hourly rates shall include shift differential and shall exclude all other forms of compensation.
11.2.2.1 Paid leave shall include shift differential and work-out-of-class pay only if the employee was working the shift or assignment in the weeks before and after use of the leave and the assignment is of a minimum of fifteen (15) consecutive working days duration.
11.2.2.2 All cash-outs of paid leave shall be paid at the employee's base hourly rate of pay.
11.2.2.3 Employees who work overtime while in a work-out-of-class situation or receiving shift differential shall be compensated at the time and one half (1½) on the pay rate at the time of the assignment if the employee elects to receive pay for the time. If the employee elects CTO (Compensatory Time Off), the premium pay will not be included when the time off is taken.
Hourly rate computation. Employees’ regular hourly rates shall include premium pay. The base rate shall exclude all other forms of compensation. Compensation while on paid leave shall include premium pay only if the employee was receiving the additional compensation immediately before and after the time off. All cash-outs of paid leave shall be paid at the employee’s base hourly rate of pay.
Hourly rate computation. Employees’ regular hourly rates shall include shift differential and shall exclude all other forms of compensation.
11.2.2.1 Paid leave shall include shift differential only if the employee was working the off-hours shift in the weeks before and after use of the leave and the assignment to the off-hours shift is of a minimum of four (4) weeks duration.
11.2.2.2 All cash-outs of paid leave shall be paid at the employees’ base hourly rate of pay as defined in Article 12.5 in this Agreement.
11.2.2.3 Employees who work overtime while in a work-out-of-class situation or who are receiving shift differential shall be compensated at time and one half (1½) the pay rate at the time of the assignment if the employee elects to receive pay for the time. If the employee elects compensatory time off (per Article 10.3 in this Agreement), the premium pay will not be included when the time off is taken.
Hourly rate computation. A) All hourly rates identified within the tables of this agreement are rounded to the second decimal place. The County’s financial accounting software, when percentage increases are applied, round such calculations to the sixth decimal place which may in some case slightly alter the hourly rate paid to an employee based upon standard rounding rules.
Hourly rate computation. Employees' base hourly rate shall be as specified in the pay plan.
11.2.2.1 Paid leave shall include work-out-of-class pay only if the employee was assigned in the weeks before and after use of the leave and the assignment is a minimum of fifteen (15) consecutive working days duration.
11.2.2.2 All cash-outs of paid leave shall be paid at the employee's base hourly rate of pay.
11.2.2.3 Employees who work overtime while in a work-out-of-class situation shall be compensated at the time and one half (1½) on the pay rate at the time of the assignment if the employee elects to receive pay for the time. If the employee elects CTO (Compensatory Time Off), the premium pay will not be included when the time off is taken.
Hourly rate computation. The following table summarizes the inclusion and exclusion of various pay forms for the purposes indicated.
Hourly rate computation. Employees’ regular hourly rates shall include shift differential and Supply Officer day premium and shall exclude all other forms of compensation.
11.2.2.1 Paid leave shall include shift differential only if the employee was working the off-hours shift in the weeks before and after use of the leave and the assignment to the off-hours shift is of a minimum of four (4) weeks duration.
11.2.2.2 Paid leave shall include the Supply Officer day premium as described in Section 11.10 in this Article.
11.2.2.3 All cash-outs of paid leave shall be paid at the employee’s base hourly rate of pay.
11.2.2.4 Employees who work overtime while in a work-out-of-class situation, receiving shift differential or Supply Officer day premium shall be compensated at the time and one half (1½) on the pay rate at the time of the assignment if the employee elects to receive pay for the time.