Rate of Compensation Non mandatory meetings or training, voluntarily attended by the employee, will be compensated at a straight time rate. For those days defined by ordinance as paid holidays, the rate of pay for employees working 4 & 2 schedules will be double time. For employees working a 5 & 2 schedule for the first 8 hours the rate of pay is straight time, double time for any hours beyond the first eight. The rate of pay for all other overtime will be time and one half. Overtime pay shall be compensated in 1/6th of hour increments.