Pay for Additional Hours Sample Clauses
The "Pay for Additional Hours" clause establishes the terms under which compensation is provided for work performed beyond the standard or agreed-upon hours. Typically, this clause outlines the rate of pay for overtime or extra hours, specifies the approval process for such work, and may set limits on the number of additional hours that can be claimed. Its core function is to ensure that employees are fairly compensated for extra work while providing employers with a clear framework for managing and budgeting for overtime, thereby preventing disputes over payment for additional labor.
Pay for Additional Hours. When an employee works on a scheduled Paid Holiday (or day in lieu thereof) beyond seven and one-half (7 1/2) hours, the Employer shall pay the employee at the rate of three times (3X) the employee's base hourly rate of pay for each hour, or portion thereof, worked in excess of seven and one-half (7 1/2) hours.
Pay for Additional Hours. Part-time employees who work additional hours beyond their normal schedule up to those worked by a full-time employee in the same classification shall be paid out for such additional hours unless it has been mutually agreed by the employee and the Employer to bank the additional hours at straight time for compensatory time off in lieu.