- Overtime Pay Defined Sample Clauses

- Overtime Pay Defined. Overtime pay shall be calculated in accordance with the applicable provisions of the FLSA, i.e., a nonexempt employee shall be paid at the rate of one and one-half (1½) times his/her regular hourly rate of pay for all hours actually worked which exceed the Act's straight-time hours maximum during any established work period. The parties acknowledge that the dollar amount of some items of compensation that, pursuant to the FLSA, are components of an employee’s “regular hourly rate” may not be known at the time the employee works FLSA overtime (the “Additional Compensation Items”). Therefore, each year the Employer shall conduct an audit of compensable FLSA overtime hours worked by each employee for the first FLSA Work Period of the year (which begins with or includes January 1) through the last complete FLSA Work Period in the same calendar year. The first FLSA Work Period in the calendar year may include time from the previous calendar year. The Employer shall then make a year-end reconciling payment in an amount calculated as follows: the number of FLSA overtime hours worked multiplied by the “regular hourly rate” including the Additional Compensation Items, less the aggregate amount paid to the employee for FLSA overtime hours work during the audit period. “FLSA hours worked” shall be determined in accordance with the FLSA and the regulations promulgated thereunder. Such payment shall be made no later than the fourth payroll period following the completion of the audit period. With regard to an employee who separates from service prior to the end of the audit period, the reconciliation calculation and any resulting payment shall be made as soon as practical after the employee’s separation from service.
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- Overtime Pay Defined. Unless defined differently for specified conditions, overtime shall be paid as follows:
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- Overtime Pay Defined. Overtime pay shall be calculated in accordance with the applicable provisions of the FLSA, i.e., a nonexempt employee shall be paid at the rate of one and one‑half (1½) times his/her regular hourly rate of pay for all hours actually worked which exceed the Act's straight‑time hours maximum during any established work period. Fire Marshals, Assistant Chiefs of Training, Engineering Officers and Deputy Fire Chiefs shall be paid overtime at the rate of one and one-half (1 1/2) times the employee's regular hourly rate as indicated in Appendix 'A" which shall be calculated on the basis of the involved employee's normal work period.
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Related to - Overtime Pay Defined

  • Overtime Defined All time worked before or after the regular work day, the regular work week or on a holiday, as specified herein, shall be considered overtime.

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the normal or standard work day, or in excess of the normal or standard work week. The overtime rate shall be one and one-half (1½) times the regular straight time hourly rate of pay. NOTE: Article 16.04 is applicable to full-time employees only.

  • Key Definitions As used herein, the following terms shall have the following respective meanings:

  • Disability Defined For the purposes of this Agreement, the Executive shall be deemed to have terminated his employment by reason of “Disability”, if the Board shall determine that the physical or mental condition of the Executive prevents him from the normal performance of his duties as determined by the Board.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Overtime Payments Full-time and Part-time Employees

  • Seniority Defined Seniority is defined as the total length of service in the bargaining unit as an employee, regardless of occupational change. Seniority shall be used as one of the factors in determining preference or priority for promotion, transfers, demotions, terminations and layoff caused by force reductions and recall. Seniority shall operate on a bargaining unit wide basis.

  • Overtime Pay ‌ Overtime pay shall be paid to the employee on the next paycheque after the expiration of the pay period in which the overtime was earned except as provided in Article 16.6 (Compensating Time Off) below.

  • Employee Definitions A Regular Full-Time Employee is an employee who is employed on a full-time basis of 35, 37½, 40 or such other number of weekly hours as is recognized in the Collective Agreement as normal for a particular class of positions, for an indefinite period of time.

  • HOLIDAYS DEFINED The following named days shall be considered holidays for purposes of this article: - New Year's Day - Xxxxxx Xxxxxx Xxxx Day - President's Day - Memorial Day - Independence Day - Labor Day - Indigenous Peoples Day (Columbus Day) - Veteran's Day - Thanksgiving Day - Day After Thanksgiving - Christmas Day

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