Overtime Hourly Rate definition

Overtime Hourly Rate. The contract hourly rate for hours before 8:00 am or after 5:00 pm or all day Saturday, Sunday and State holidays (as designated in Section 110.117, Florida Statutes). The Contract is governed by budgetary restrictions. The annual reimbursement to the Vendor will be based on the unit price of the actual amount of work authorized for completion and approved by the Contract Manager. Final reimbursement shall not exceed the amount set forth in Exhibit “C”, Bid Blank, but may be less than the contract amount, since all quantities are estimated and no quantities are guaranteed. It shall be the responsibility of the Vendor to always ensure that sufficient funding remains within the maximum limiting amount established for the subject contract to complete authorized services. Any changes in the maximum limiting amount shall require execution of a Supplemental Agreement and/or Amendment. A Supplemental Agreement and/or Amendment shall be issued before making any additions or deletions to the work described in this Agreement, and before undertaking any changes or revisions to such work, the parties shall negotiate any necessary cost changes and shall enter into an Agreement covering such work and compensation. Reference herein to this Agreement shall include any amendment(s). The Vendor shall not be obligated to perform services or incur costs that would result in exceeding the contract dollar amount, except to the extent said amount is increased by a Supplemental Agreement. Execution of this Agreement does not guarantee that the work will be authorized. This is an estimated quantities contract whereby the Vendor agrees to furnish the services specified herein during the term of the contract and any renewals and extensions thereto. It is further agreed that the unit price bid by the Vendor shall remain unchanged. If the actual quantities used are less or greater than the quantity pricing bid by the Vendor, the bid unit price shall remain unchanged. The Department, based on need and availability of budget, may increase or decrease the quantity of services required of the Vendor within the general description of the project.

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Overtime Hourly Rate means the relevant rate of pay applicable to the Employee’s classification as set out in the Schedule.

Overtime Hourly Rate. Is defined as the Base Hourly Rate (defined in Appendix A) times one and one half.

Examples of Overtime Hourly Rate in a sentence

• Shall be the difference between the Overtime Hourly Rate and Straight Time Rate per specific trade and classification as more fully defined herein.

• The Overtime Hourly Rate will be applied Monday through Friday between the hours of 4:31 pm and 7:59am and on Saturdays and Sundays.

• SCHEDULE A - PART-TIME 9/1/2023 - 6/30/2024 Cost Annual 1 PT SRO [1] Gross Salary [2] Fringe Benefits Subtotal Salary & Fringe at 100% Annual Average Cost for SRO Standard Monthly Rate Standard Hourly Rate [3] Overtime Hourly Rate [4] Anticipated School Cost for SRO 1,040 Hours $42,500 $5,211 $47,711 $47,711 $45,944 [1] Salary based on current contract - at top step for Part Time County Police Officer, assumes deputy is retired from NYSERS.

• All time worked in excess thereof shall be con­ sidered Overtime and paid for in accord­ ance with the Overtime Hourly Rate as hereinafter set forth in sub-section (b) of Section V, which said Overtime is figured at the rate of time and one-half.

• SCHEDULE A - FULL-TIME 9/1/2023 - 6/30/2024 Cost Annual 1 FT SRO [1] Gross Salary [2] Fringe Benefits Subtotal Salary & Fringe at 100% Annual Average Cost for SRO Standard Monthly Rate Standard Hourly Rate [3] Overtime Hourly Rate [4] Anticipated School Cost for SRO 1,733 Hours $91,930 $13,064 $130,61 [1] Salary based on current contract - at top step for Full Time County Police Officer, assumes Tier 4 ERS.

• Hourly Rate $70.00 Overtime Hourly Rate $80.00 Premium Time Rate $80.00 PB-002 RISK ASSESSOR SERVICES - INCLUDES ANY AND ALL EXPENSES SUCH AS COLLECTING SAMPLES, FIELD MEASUREMENTS, REPORT PREPARATION, SUPERVISION, QC/QA, XRF EQUIPMENT AND SUPPLIES.

• Hourly Rate $150.00 Overtime Hourly Rate $150.00 Premium Time Rate $150.00 ACM-006 ENVIRONMENTAL TECHNICAL ASSISTANT SERVICES - INCLUDES ANY AND ALL DIRECT OR OVERHEAD EXPENSES.

• SCHEDULE A - PART-TIME 9/1/2024 - 6/30/2025 Cost Annual 1 PT SRO [1] Gross Salary [2] Fringe Benefits Subtotal Salary & Fringe at 100% Annual Average Cost for SRO Standard Monthly Rate Standard Hourly Rate [3] Overtime Hourly Rate [4] Anticipated School Cost for SRO 1,040 Hours $44,101 $5,407$49,508 $49,508 $4,126 $47,674 [1] Salary based on current contract - at top step for Part Time County Police Officer, assumes deputy is retired from NYSERS.

• Item 2101-003--01-12 - Overtime Hourly Rate - Technician - for additional Services/locations Quantity 40 hour Unit Price Delivery Location City of Fort Lauderdale Provide your overtime hourly service rate for experienced Technician for additional services/locations as may be required.

• Minimum wages for a standard workweek shall then be: Regular Hourly Rate Overtime Hourly Rate Weekly Wage Class A Handyperson $29.8008 $44.7012 $1,192.03 Others $27.1258 $40.6887 $1,085.03 Class B Handyperson $29.7430 $44.6145 $1,189.72 Others $27.0680 $40.6020 $1,082.72 Handyperson $29.6853 $44.5280 $1,187.41 Others $27.0103 $40.5155 $1,080.41 (b) Effective April 21, 2023, each employee covered hereunder shall receive a weekly wage increase of $33.00 ($0.825 for each regular straight time hour worked).

More Definitions of Overtime Hourly Rate

Overtime Hourly Rate means the overtime hourly rate as set out in Appendix C.

Overtime Hourly Rate means the hourly rate to perform services during Overtime Hours.

Overtime Hourly Rate means hourly rate that is paid per hour worked in excess of their forty (40) base rate hours per week.

Overtime Hourly Rate shall be the hourly rate arrived at by dividing the sum of the annual salary, annual education premium and the annual longevity pay by the number of annual duty hours scheduled for the employee.