Payment of Overtime 5.5.1 Subject to the provisions of this sub-clause, all work performed outside of the ordinary hours of any day, Monday to Friday, inclusive, will be paid for at the rate of time and one half for the first 2 hours and double time thereafter. Casual Employees will be entitled to the appropriate all- purpose penalty rates and their 25% casual loading as identified in clause 2.1.2.
Weekly Overtime An Employee required to work in excess of forty (40) hours per week shall be paid at the rate of time and one-half (1 ½ X) for the first eight (8) hours of work in excess of the forty
Banked Overtime In the event the day in lieu of working the statutory holiday is not provided as stipulated in 8.01.04, this portion may also be banked.
Annual Leave Loading (a) In addition to their ordinary pay, an employee, other than a shiftworker, will be paid an annual leave loading of 17.5% of their ordinary pay on a maximum of 152 hours/four weeks annual leave per annum.