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.

  • The Indenture, dated as of August 2, 1993, between USL and M&I First National Bank, as Indenture Trustee, as the same may be supplemented, amended or modified from time to time.

  • Double time rate does not apply to shift extensions, but does apply to “call back” situations, or when patrol officers are scheduled to begin their shift early, with less than 24 hours’ notice, otherwise the regular rate of overtime applies.

  • 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-▇▇ JOB DESCRIPTION ▇▇▇▇▇ - 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).

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

  • 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 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.

  • Double time rate will be paid for holidays and Sunday work unless otherwise noted herein.

Related to Double time rate

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

  • U.S. Prime Rate means the per annum rate of interest announced by the Agent, at its main office from time to time as its "prime rate" (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by the Agent to any of its customers), which U.S. Prime Rate shall change simultaneously with any change in such announced rate.

  • Prime Rate Margin is one-quarter of one percent (0.25%).

  • 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.