Overtime Adjustment. When an employee receives one or more of the following daily or weekly allowances for performing certain work, an Overtime Adjustment shall be made as described in Paragraph 2(f)(5) below:
Overtime Adjustment. For purposes of the calculations in step 3 of paragraph (b)(3)(i) of this section only, for sound recordings of musical works with a playing time of over 5 minutes, adjust the number of plays as follows:
Overtime Adjustment. The Union and the District understand that any Gainshare Plan distribution made to Unit Employees who worked overtime during the Plan Year will have the effect of increasing their “regular hourly rate” for the Plan Year, which will require a determination of the additional payment due such Unit Employees for each overtime hour worked during the Plan Year (the “Overtime Adjustment”). It is agreed that the Overtime Adjustment shall be calculated and paid as required by the Fair Labor Standards Act. It is further agreed that the Overtime Adjustment shall be paid from the Total Unit Share. The Union and the District understand and agree that payment of the Overtime Adjustment from the Total Unit Share will have the effect of reducing the net gainshare distribution per Unit Employee from the distribution that could have been made had no Unit Employee worked overtime during the Plan Year. The following example illustrates the effect of the Overtime Adjustment: Assume 100.5 full time equivalent eligible Unit Employees and a Total Unit Share of $ 43,505. Further assume that amounts of FICA, PERA, etc., payable under section 5(b) and (c) of this Appendix total $3000. If no Unit Employee had worked overtime during the Plan Year, the Net Unit Share would be $40,505 ($43,505 -- $3000), which would be divided by the number of full time equivalent Unit Employees ($40,505 ÷ 100.5) to produce a per FTE gainshare distribution (before withholdings) of $403. If some Unit Employees worked overtime during the Plan Year, however, it would be necessary through a computer program to determine the recalculated incremental overtime pay due those who worked overtime (the “Overtime Adjustment”). The Overtime Adjustment and any additional FICA, FUTA, etc., payable by the District thereon would be subtracted from the Net Unit Share of $40,505 before the Net Unit Share is divided by the number of FTE Unit Employees, resulting in a lower distribution per FTE.
Overtime Adjustment. 5 Call-In
