Common use of Premium Compensation Rate - Overtime Work Clause in Contracts

Premium Compensation Rate - Overtime Work. A. NON-EXEMPT STAFF The University conforms to the Fair Labor Standards Act (FLSA) for Public Employment. All non-exempt staff members shall be compensated at time and one-half (1-1/2) for all time worked in excess of forty (40) hours for the week. Such overtime shall be compensated, at the University’s option, either by (a) payment, or (b) compensatory time off. For the purpose of computing overtime, all time worked on a holiday will be counted toward computing overtime. This will not affect the payment of the holiday premium paid for working a holiday. All holidays paid for but not worked will not be counted as time worked for the purpose of computing overtime.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

Premium Compensation Rate - Overtime Work. A. NON-EXEMPT STAFF The University Hospital conforms to the Fair Labor Standards Act (FLSA) for Public Employment. All non-exempt staff members shall be compensated at time and one-half (1-1/2) for all time worked in excess of forty (40) hours for the week. Such overtime shall be compensated, at the UniversityHospital’s option, either by (a) payment, or (b) compensatory time off. For the purpose of computing overtime, all time worked on a holiday will be counted toward computing overtime. This will not affect the payment of the holiday premium paid for working a holiday. All holidays paid for but not worked will not be counted as time worked for the purpose of computing overtime.

Appears in 2 contracts

Samples: Agreement, Agreement

Premium Compensation Rate - Overtime Work. A. NON-EXEMPT STAFF The University conforms confonns to the Fair Labor Standards Act (FLSA) for Public Employment. All non-exempt staff members shall be compensated at time and one-half (1-1- 1/2) for all time worked in excess of forty (40) hours for the week. Such overtime shall be compensated, at the University’s 's option, either by (a) payment, or (b) compensatory time off. For the purpose of computing overtimeove1iime, all time worked on a holiday will be counted toward computing overtimeove1iime. This will not affect the payment of the holiday premium paid for working a holiday. All holidays paid for but not worked will not be counted as time worked for the purpose of computing overtime.

Appears in 1 contract

Samples: Agreement

Premium Compensation Rate - Overtime Work. A. 1. NON-EXEMPT STAFF The University conforms to the Fair Labor Standards Act (FLSA) for Public Employment. All non-exempt staff members shall be compensated at time and one-half (1-1/2) for all time worked in excess of forty (40) hours for the week. Such overtime shall be compensated, at the University’s option, either by (a) payment, or (b) compensatory time off. For the purpose of computing overtime, all time worked on a holiday will be counted toward computing overtime. This will not affect the payment of the holiday premium paid for working a holiday. All holidays paid for but not worked will not be counted as time worked for the purpose of computing overtime.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Premium Compensation Rate - Overtime Work. A. NON-EXEMPT STAFF The University Hospital conforms to the Fair Labor Standards Act (FLSA) for Public Employment. All non-exempt staff members shall be compensated at time and one-half (1-1/2) for all time worked in excess of forty (40) hours for the week. Such overtime shall be compensated, at the University’s Hospital's option, either by (a) payment, or (b) compensatory time off. For the purpose of computing overtime, all time worked on a holiday will be counted toward computing overtime. This will not affect the payment of the holiday premium paid for working a holiday. All holidays paid for but not worked will not be counted as time worked for the purpose of computing overtime.

Appears in 1 contract

Samples: Agreement

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