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 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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Examples of overtime payment in a sentence

  • H202 Additional Work Time and/or Overtime Payment for additional Work Time and Overtime shall be according to this Agreement.

  • ARTICLE SCHEDULE "A" Attached hereto as Schedule "A" to this Agreement are schedules of: Hours of Work Overtime Payment of Wages Vacation Pay Statutory Holiday Pay Basic Wage Rates and Premium Classifications Working Dues Pension Plan Welfare including Long Term Care, Camping Ground and Prepaid Legal TraveI Iowan and they are hereby made part of this Agreement.

  • Overtime Payment of Overtime Instead of cash payment for approved overtime, an employee may choose to receive time off in lieu of the appropriate overtime rate.

  • February 15th Tour sign-up completed April 1st Quarterly Overtime Payment.

  • Section 5.1. Application of Article 6 Section 5.2. Normal Hours of Work 6 Section 5.3. Overtime Work 6 Section 5.4. Overtime Pay—Fulltime Employees 6 Section 5.5. Overtime Pay—Seasonal Employees 6 Section 5.6. Overtime Payment to Quarter Hour 6 Section 5.7. Snow Removal Overtime.

  • Overtime Payment for overtime will only be made for units of one (1) hour or more and for subsequent full fifteen (15) minute periods.

  • Dear Xxxxx: Re: Article Overtime Payment In the future, the Company intends to strictly construe the Collective Agreement with respect to article More particularly, time and one-half will only be paid for hours worked in excess of the employee’s regular shift of or hours as the case might be.

  • In the event that such staff is called back for duty, the staff shall be granted a minimum of 2 hours Call Back Compensation in accordance with the policies on Overtime Payment, Work on Rest Day or Public Holiday.

  • Time Off in Lieu of Overtime Payment This is sub-clause 55.9 in the current agreement.

  • Dear Xxxxx: Re: Article Overtime Payment In the future, the Company intends to strictly construe the Collective Agreement with respect to article More particularly, time and one-half will only be paid for hours worked in excess of the employee's regular shift of '7 or hours as the case might be.


More Definitions of overtime payment

overtime payment means the respective base salary for overtime hours increased by the applicable Overtime Bonus.
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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. 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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Related to overtime payment

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • 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.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Delta Payment means as it is described in this Agreement.

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

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.