Hourly Rate Divisor Sample Clauses

Hourly Rate Divisor. The hourly rate for the purposes of the calculation of overtime is the weekly all- purpose rate divided by 36.
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Hourly Rate Divisor a) The hourly rate for the purposes of the calculation of overtime is the weekly all-purpose rate contained in Appendix B – WAGE RATES for the relevant classification, divided by 36.

Related to Hourly Rate Divisor

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  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

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