Net Pay Sample Clauses
Net Pay. Net pay for purposes of determining the supplement will be calculated as follows: Employee’s bi-weekly wage less Federal taxes, State taxes, FICA and pension withholding. The supplemental amount will not increase because of a change in the employee’s W-4 form.
Net Pay. Notwithstanding anything elsewhere contained in this agreement the company may select and utilise for time keeping purposes any fractional or decimal proportion of an hour (not exceeding a quarter of an hour) and may apply such proportion in the calculation of the working time of an employee who without reasonable cause promptly communicated to the company, reports for duty after his appointed reporting time or ceases duty before his appointed finishing time. The same formula shall apply for calculation of overtime.
Net Pay. An employee who is required to temporarily perform work in a classification paying a higher rate of pay shall receive the higher rate for all hours worked in the higher classification.