Hourly Rate of Compensation Sample Clauses

Hourly Rate of Compensation. The hourly rate of compensation to be used in compensation calculations for a particular pay period shall be based on the total number of hours the employee is scheduled to work, as referenced in Article 23, per year at the time divided into the employee's annual base salary.
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Hourly Rate of Compensation. 14.8.1 The hourly rate of compensation for teachers when performing duties compensated on an hourly basis shall be determined by multiplying step one, column one of the current teacher salary schedule by .0008. [Currently $52,941 x .0008 = $42.35.] 14.8.2 The hourly rate of compensation for counselors, school psychologists, school nurses and speech therapists when performing duties compensated on an hourly basis shall be determined by multiplying step one of their respective classification on the current salary schedule by .0008.
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Hourly Rate of Compensation. The compensation for employees paid on an hourly basis shall be fifteen ($15.00) per hour. Payment will only be for hours that have been preapproved by the Superintendent and the Treasurer and will include but not be limited to required Dual Credit/College Credit Plus meetings held after school hours and those working with students on Home Instruction.
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Hourly Rate of Compensation. The hourly rate for Saturday school, after-school detention, after-school home instruction, summer school/intervention outside of the work year, and after-school intervention shall be twenty-seven dollars ($27) per hour. Any required meeting or training that is assigned by the Superintendent, Curriculum Director, or Technology Director that takes place outside of the bargaining unit member's regular number of workdays (184 Teacher Days), or work year, shall be paid at a rate of twenty-seven dollars ($27.00) per hour to the nearest quarter hour. The bargaining unit member shall submit and be fully approved for professional leave before attending any assigned professional development. The bargaining unit member shall submit an extra time form to document participation as well as an agenda detailing the times for the meeting or training to submit for payment. Lunch will not be paid as work time in the time sheet. To ensure timely payment, the employee shall submit a timesheet to the appropriate administrator upon return from the professional development no later than the Friday before payday. The District will reimburse for class coverage in the event that a teacher is asked to cover a class resulting in the teacher losing a prep period. The rate will be paid at $16.00 per class period when a teacher does not have a prep period on the day of class coverage.
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Hourly Rate of Compensation. An Employee's hourly rate of compensation will apply to all work up to forty (40) hours in a weekly period. The hourly rate of compensation will not include any weekend, shift or holiday differential or other premium to which the employee is otherwise entitled.
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Related to Hourly Rate of Compensation

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • HOLIDAY COMPENSATION FOR TIME WORKED Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time- and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime as provided for elsewhere in this contract. 127. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $185,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary.

  • Variable Compensation In addition to any interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.0 times the target annual award under the Variable Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred.

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • 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.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.