Common use of Overtime Rate of Pay Clause in Contracts

Overtime Rate of Pay. The hourly rate of overtime pay shall be one and one-half times the employee’s regular weekly salary divided by forty (40); provided, that in determining the rate of overtime or callback pay for employees who receive a percentage increment over employees of equal rank, such percentage increment shall be considered part of their base pay, and they shall be paid at the rate of one and one-half times their regular weekly salary divided by forty (40) including such percentage increment.

Overtime Rate of Pay. The hourly rate of overtime pay shall be equal to 1.5 times one and one-half times forty‐second (1/42nd) of the employee’s regular 's weekly salary divided by forty for employees who work an average forty‐two (40); provided, that in determining the 42) hour workweek. The hourly rate of overtime or callback pay shall be equal to 1.5 times one‐fortieth (1/40th) of the employee's weekly salary for employees who receive a percentage increment over employees work an average of equal rank, such percentage increment shall be considered part of their base pay, and they shall be paid at the rate of one and one-half times their regular weekly salary divided by forty (40) including such percentage incrementhour workweek.

Overtime Rate of Pay. The hourly rate of overtime pay shall be equal to 1.5 times one and oneforty-half times second (1/42nd) of the employee’s regular 's weekly salary divided by forty for employees who work an average forty-two (40); provided, that in determining the 42) hour workweek. The hourly rate of overtime or callback pay shall be equal to 1.5 times one-fortieth (1/40th) of the employee's weekly salary for employees who receive a percentage increment over employees work an average of equal rank, such percentage increment shall be considered part of their base pay, and they shall be paid at the rate of one and one-half times their regular weekly salary divided by forty (40) including such percentage incrementhour workweek.