overtime payment definition

overtime payment means any payment due from an employer to an employee for work carried out in excess of the normal working hours of such employee and includes any payment paid to an employee for work carried out on public holidays and rest days;
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overtime payment. Employees shall be paid at the rate of one and one-half (1½) times the employee's straight time hourly rate for all time in excess of 40 hours in paid status weekly.
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overtime payment means the respective base salary for overtime hours increased by the applicable Overtime Bonus.
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More Definitions of overtime payment

overtime payment means the excess (if any) of (x) the aggregate amount of overtime wages required to be paid to Business Employees of the Restaurants for overtime worked during the week of Closing, over (y) $3,000. “Owned Intellectual Property” means all Intellectual Property owned by any of Sellers, including (without limitation) all: (i) registered and unregistered Marks (excluding Internet domain names); (iii) unregistered Copyrights; (iv) registered Internet domain names; (v) trade names; and (vi) social media pages. “PPP Rules” means all statutes applicable to the Paycheck Protection Program. “Pandemic” means the outbreak of COVID-19.
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overtime payment means the Additional Payment that is payable to employees for the working of Overtime Hours in accordance with this Agreement.
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overtime payment is the Annual Rate plus overtime loading “Kiln Shutdown Overtime Loading” is 100% of the hourly equivalent of the annual rate
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Related to overtime payment

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.