Common use of Premium Time Clause in Contracts

Premium Time. (a) Overtime will mean any work performed outside of an employee’s scheduled work. Employees working in excess of eight (8) hours in a day shall be paid eight (8) hours at regular rate and time and one-half (1 1/2) for all time worked in excess of eight (8) hours exclusive of reporting time. Work performed by an employee on a spare Board, shall not be considered overtime until the employee has worked at least eight (8) hours in a day, or forty (40) hours in a week. (b) Overtime will be compensated at a rate of time and one-half (1 1/2) the regular rate, except on a Statutory Holiday, when the rate will be two (2) times the regular rate. (c) Overtime for employees on a Special will be calculated on an accumulation of forty (40) hours in any weekly pay period. The number of hours worked at ordinary rates in any one (1) week will not exceed forty- two (42) hours. The overtime rate will apply to all hours worked in excess of this amount. All time worked in excess of the regularly scheduled daily hours for a Special will be paid at time and one-half (1 1/2).

Premium Time. (a) Overtime will mean any work performed outside of an employee’s scheduled work. Employees working in excess of eight (8) hours in a day shall be paid eight (8) hours at regular rate and time and one-half (1 1/2½) for all time worked in excess of eight (8) hours exclusive of reporting time. Work performed by an employee on a spare Board, shall not be considered overtime until the employee has worked at least eight (8) hours in a day, or forty (40) hours in a week. (b) Overtime will be compensated at a rate of time and one-half (1 1/2½) the regular rate, except on a Statutory Holiday, when the rate will be two (2) times the regular rate. (c) Overtime for employees on a Special will be calculated on an accumulation of forty (40) hours in any weekly pay period. The number of hours worked at ordinary rates in any one (1) week will not exceed forty- forty-two (42) hours. The overtime rate will apply to all hours worked in excess of this amount. All time worked in excess of the regularly scheduled daily hours for a Special will be paid at time and one-half (1 1/21½).