Rates of Pay Calculations Sample Clauses

Rates of Pay Calculations. The formula for arriving at monthly, bi-weekly, daily, or hourly rates, allowances or premiums is as follows: Annual Rate 26.0893 = bi-weekly rate Monthly Rate x 12 months 26.0893 = bi-weekly rate Bi-weekly Rate 70 = hourly rate The daily rate shall be determined by multiplying the number of regular scheduled hours in the employee's day shift by the hourly rate. For the purposes of converting a bi-weekly rate to a monthly rate, the formula will be as follows: Bi-weekly Rate x 26.0893 12
Sample 1Sample 2Sample 3See All (17)
AutoNDA by SimpleDocs
Rates of Pay Calculations. The formula for arriving at monthly, bi-weekly, daily, or hourly rates, allowances or premiums is as follows: Annual Rate
Sample 1

Related to Rates of Pay Calculations

  • Rates of Pay Employees will be paid in accordance with the rates of pay negotiated by the parties of this agreement. The applicable rates of pay are recorded as Appendix A (Wage Grid) of this agreement.

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