Double time rate definition

Double time rate means two (2) times straight rate.
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Double time rate or "rate of double time" shall mean when applicable to ordinary hours of work on a week day, holiday or Sunday, the ordinary hourly rate payable as part of the employees weekly wage and, in addition, a rate equal to such ordinary hourly rate.
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Examples of Double time rate in a sentence

  • Double time rate of pay is 2 times the basic rate of pay plus such other differential increment as required under the terms of the Fair Labor Standards Act in effect on the date of this Agreement.

  • Double time rate of pay is two times the basic rate of pay plus such other differential increment as required under the terms of the Fair Labor Standards Act in effect on the date of this Agreement.

  • See (A, *E, Q) on OVERTIME PAGE Double time rate after 10 hours on Saturdays Paid: See (1) on HOLIDAY PAGE Overtime: See (5, 6, 11, 15, 16, 25) on HOLIDAY PAGE 9-7/88-xx JOB DESCRIPTION Xxxxx - Building DISTRICT 9 Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Westchester Per hour: 07/01/2021 01/01/2022 Marble, Stone,etc.

  • Time-and-one-half rate: payable per hour (1.5 x straight time rate.) Double time rate: payable per hour (2 x straight time rate).

  • Double time rate shall apply on Sunday and following holidays: New Year’s Day, Memorial Day, Fourth of July, Thanksgiving Day, President’s Day, Labor Day and Christmas Day.

  • Double time rate of pay for all hours worked on Sundays, during an employee’s stand-by period.

  • The hourly rate for overtime payment will be ascertained by applying the following formulas: Time and a half rate: Annual Salary x 6 x 3 313 prescribed weekly hours before overtime is payable 2 Double time rate: Annual Salary x 6 x 2 313 prescribed weekly hours before overtime is payable 1 Double time and a half rate: Annual Salary x 6 x 5 313 prescribed weekly hours before overtime is payable 2 For the purpose of calculating the formula above, prescribed weekly hours before overtime is payable will be 38.

  • Work performed on the Holiday will be paid at the Double time rate.

  • Double time rate shall start at 12:01 A.M. Sunday and cease at the regular starting time on Monday.

  • The hourly rate for overtime payment will be ascertained by applying the following formulae: 313 36.75 Double time rate: 2 Annual Salary x 6 x 2 313 36.75 1 Overtime payments will be calculated using the exact time claimed.

Related to Double time rate

  • Straight-time rate means the hourly rate of remuneration.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Reference Rate means the rate specified as such hereon.

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: