Common use of Hourly rate computation Clause in Contracts

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.

Appears in 3 contracts

Samples: www.sunydutchess.edu, www.dutchessny.gov, Agreement

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Hourly rate computation. The hourly rate for salaried Employees shall be computed by dividing the Employee's ’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.

Appears in 2 contracts

Samples: Agreement, Agreement

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