Overtime premium definition

Overtime premium means the difference between the contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime. It does not include shift premium, i.e., the difference between the con- tractor's regular rate of pay to an employee and the higher rate paid for extra-pay-shift work.
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Overtime premium means cash paid by Delphi for the overtime premium, pursuant to the applicable collective bargaining agreement, to hourly employees for the time period included in calculating the Labor Cost Amount.
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Overtime premium means the difference between the Contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime.
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Examples of Overtime premium in a sentence

  • Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal work week and also as hours for which the overtime premium is paid.

  • Overtime premium will not be duplicated for the same hours worked under Article 13.01 (a) and (c) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium will not be duplicated for the same hours worked under Article (a) and nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium shall not be duplicated for the same hours worked, nor shall overtime be pyramided with any other premiums payable.

  • Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal workweek and also as hours for which the overtime premium is paid.

  • Overtime premium shall not be pyramided, compounded or paid twice for the same time worked.

  • Overtime premium will not be duplicated for the same hours worked under Article 15.01 (a) and (c) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium will not be duplicated for the same hours worked under Article (a) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium will be paid at 50% of the Resident Inspectors’ direct hourly rate in addition to the payable hourly rate listed under 3D2.

  • Overtime premium will not be duplicated for the same hours worked nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.


More Definitions of Overtime premium

Overtime premium is the difference between an employee’s standard hourly wage rate and the special hourly wage rate paid for hours worked in excess of 40 per week. For example, an employee whose standard hourly rate is $25.00 for the first 40 hours worked per week, and
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Overtime premium means cash paid by Delphi for the overtime premium, pursuant to the applicable collective bargaining agreement, to hourly employees for the time period included in calculating the Labor Cost Amount. Section 1.154 “Paid Pre-Effective Date Subsidy” shall have the meaning ascribed to such term in section 4.01(b)(i) of this Agreement. Section 1.155 “Party” or “Parties” shall have the meanings ascribed to such terms in the Preamble of this Agreement. Section 1.156 “PAYGO Health Care” shall mean health care accrual expenses related to Delphi’s applicable collective bargaining agreements, during the time period included in calculating the Labor Cost Amount for hourly employees. MRA-18
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Overtime premium means the difference between the contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime. It does not include shift premium, i.e., the difference between the con-
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Overtime premium means the difference between the contractor's regular rate of pay
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Related to Overtime premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Overtime means work performed by a full-time employee in excess or outside of their regularly scheduled hours of work.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.