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.

  • Double time shall be paid for all hours worked on a Sunday or Official Holiday with a guaranteed minimum of four (4) hours pay at said Double time rate.

  • 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).

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

  • The hourly rate for overtime payment will be ascertained by applying the following formulas: Time and a half rate: Annual Salary/313 x 6/36.75 x 3/2 Double time rate: Annual salary/313 x 6/36.75 x 2/1 Double time and a half rate: Annual Salary/313 x 6/36.75 x 5/2 See also clauses 74) to 76) for payment of meal allowance during periods of paid overtime.

  • 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.

  • Double- time rate (ET * 2) is applicable on Weekdays (M-F after 8:00pm), Saturdays (after 4:00pm), and all of Sunday and Holidays.

  • 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.

  • The hourly rate for overtime payment will be ascertained by applying the following formulas: Time and a half rate: Annual Salary/313 x 6/36.75 x 3/2 Double time rate: Annual salary/313 x 6/36.75 x 2/1 Double time and a half rate: Annual Salary/313 x 6/36.75 x 5/2 See also clauses 77 to 79 for payment of meal allowance during periods of paid overtime.

Related to Double time rate

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

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • 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.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • 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.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as follows: Free margin = Equity - Used Margin.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • 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:

  • Applicable Reference Rate means with respect to any Loan made in any currency, the rate indicated on Annex II under the heading “Applicable Reference Rate” for such currency.