Overtime rate of pay definition

Overtime rate of pay means time and one-half the employee’s “regular hourly rate” of pay.
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Overtime rate of pay means time and one-half the employee’s “Regular Hourly Rate” of Pay.
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Overtime rate of pay is the product of an employee’s rate of pay from Table A.
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Examples of Overtime rate of pay in a sentence

  • Overtime rate of pay is 1-1/2 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.

  • Overtime rate of pay is 1-1/2 times the base 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.

  • Overtime Rate of Pay: Overtime rate of pay for a service technician shall be one and a half (1½) times the service technician’s scale.

  • Regular rate of pay = $ per hour + Overtime rate of pay = $ per hour (for more than 40 hours in a week) Total compensation = $ per week Wages will be paid at worksite address ❑ Weekly (Every Friday) ❑ Bi-Weekly (Every Other Friday or 26 times per year) Method of Payment: In addition to the wages stated above, employer will contribute to the following employee expenses.

  • Overtime rate of pay is one and one-half 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.

  • Overtime rate of pay: one and one-half (1½) times the employee's regular rate of pay.

  • Overtime rate of pay is $ per hour for every hour (or fraction thereof) worked over 40 per week.

  • Overtime rate of pay for drivers will be determined by using 1.5 times the “average hourly rate”.

  • Overtime rate of pay shall be computed by adding the amount allowed for shift differential to the base rate of pay to determine proper payment for overtime work during the second and third shift.

  • Overtime rate of pay is established at a rate equal to one and one-half (1-1/2) times the regular hourly rate of pay.


More Definitions of Overtime rate of pay

Overtime rate of pay means one and one-half (1 ½) times the
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Overtime rate of pay is the product of an employee’s rate of pay from Table A and 1.5. 9. Rates of Pay Maintenance Department Rate of Pay Position Job Rate Probationary Banquets Department Rate of Pay Position Job Rate Probationary Event Services Department Rate of Pay Position Job Rate Probationary Kitchen and Stewards Department Rate of Pay Position Job Rate Probationary Accounting Department Rate of Pay Position Job Rate Probationary Maintenance Department Rate of Pay Position Job Rate Probationary Banquets Department Rate of Pay Position Job Rate Probationary Event Services Department Rate of Pay Position Job Rate Probationary Kitchen and Stewards Department Rate of Pay Position Job Rate Probationary Accounting Department Rate of Pay Position Job Rate Probationary Maintenance Department Rate of Pay Position Job Rate Probationary Banquets Department Rate of Pay Position Job Rate Probationary Event Services Department Rate of Pay Position Job Rate Probationary Kitchen and Stewards Department Rate of Pay Position Job Rate Probationary Accounting Department Rate of Pay Position Job Rate Probationary Maintenance Department Rate of Pay Position Job Rate Probationary Banquets Department Rate of Pay Position Job Rate Probationary Event Services Department Rate of Pay Position Job Rate Probationary Kitchen and Stewards Department Rate of Pay Position Job Rate Probationary Accounting Department Rate of Pay Position Job Rate Probationary
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Related to Overtime rate of pay

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • hourly rate of pay means an employee's weekly rate of pay divided by thirty-five (35).

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, including employee contributions picked up after August 1, 1982, pursuant to KRS 61.560(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, nineteen hundred fifty (1,950) hours for seven and one-half (7-1/2) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

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

  • Prevailing wage rate means the rate, amount, or level of wages, salaries, benefits, and other

  • Wage Rate refers to an Employee’s hourly rate of pay reflected by the pay grade of her position and her step within that grade, as set out in the Wage Rate grid in Appendix II.

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.