Overtime Rate Calculation Sample Clauses

Overtime Rate Calculation. Overtime rates will be calculated using hourly rates established in Article 11. Shift or standby premiums will not form part of the hourly rate calculations for overtime purposes. Overtime will be calculated to the next highest fifteen (15) minutes, however, the minimum overtime pay for any overtime worked shall be one-half hour.
AutoNDA by SimpleDocs
Overtime Rate Calculation. Overtime rates will be calculated using the salary schedule as set out in Appendix "A". Any premiums contained in this agreement will not form part of the calculation for overtime purposes.
Overtime Rate Calculation. Overtime rates will be calculated using the salary schedule as set out in Appendix “A”. Any premiums contained in this agreement will not form part of the calculation for overtime purposes. The parties recognize that there should be reasonable give and take between the employees and the Association and therefore employees will not claim for daily overtime which is fifteen (15) minutes or less. Overtime in excess of fifteen (15) minutes will be rounded up or down to the nearest half hour.
Overtime Rate Calculation. Overtime rate for all employees, except the thirty (30) hour Cook, will be computed on the basis of two thousand eighty (2,080) hours per year. The overtime rate for the thirty (30) hour Cook will be computed on the basis of one thousand five hundred sixty (1,560) hours per year.

Related to Overtime Rate Calculation

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

Time is Money Join Law Insider Premium to draft better contracts faster.