Premium Overtime definition

Premium Overtime means any hours beyond the regular working hours which are paid out at overtime rates of pay (one and one-half times [1½x] or double time [2x]).
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Premium Overtime means hours worked by an overtime eligible employee in excess of forty (40) hours in a work week and for which compensation is at a time and one-half rate.
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Premium Overtime. Where there are fifteen or more employees working within a Zone; the Zone Committeeperson or (Acting Zone Committeeperson) shall be asked. Should the Zone Committeeperson refuse then the area Xxxxxxx (or Acting Xxxxxxx) will be asked. When more than one shift premium overtime is being worked the appropriate Committeeperson from the shift being worked will be asked. Should the Shift Committeeperson refuse then an appropriate Zone Xxxxxxx will be asked. who are absent for an entire week will not be eligible for the premium overtime immediately following the absence unless:
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Examples of Premium Overtime in a sentence

  • Billings for Project Inspector Services shall be at the Straight Time hourly rates, unless the District has authorized in advance the completion of Project Inspector Services on days/times subject to Overtime or Premium Overtime hourly rates.

  • Fixed Fee (Profit) is a multiplier that is applied to the sum of the Consultant's Direct Labor (but not Premium Overtime Labor) and Overhead, and represents the Consultant's profit.

  • Premium Overtime: 150% of Basic Scale Wages per 15 minute increment beyond one hold hour.

  • Prime Consultants leave this line blank.7. The entire top of the form needs to be filled out before adding any employee names.8. Last Name, First Name, Middle Initial (if applicable) are listed alphabetically by last name, Consultant Classification/Title, Original Hourly Rate at NTP or Promotion, Previous/Current Hourly Rate, and Eligible for Premium Overtime columns must all be filled out.

  • The calculation of pensionable pay will include basic annual salary plus any other pensionable salary items including – Market Supplement/ Premium, Overtime, Bonus, Honorarium, Salary Supplements.

  • Premium Overtime: Sundays shall be at the premium overtime rate, providing that Sunday is not part of the regular shift.

  • Premium Overtime- Overtime hours outside of normal twelve(12) hour shift and is paid at a rate of 1.5 times base rate for any work over eighty(80) hours in any two(2) week pay period or over twelve(12) hours in any scheduled work day.

  • Cost Sheet 4 Alterations, Cost Sheet 5 Support and Others Services, Cost Sheet 6a Premium Overtime Rates on Weekends and Holidays and Cost Sheet 6b Estimate of the Number of Overtime Hours.

  • Billing for Premium Overtime The contract terms for Payment of Overtime states that "Overtime must be authorized by the District in writing in advance in order to be paid".

  • A total of 11 English native speakers (5 female, 6 male) took part in the study.

Related to Premium Overtime

  • 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.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Premium Service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • 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.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • 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;

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Cost sharing means the respective share of Total Project Costs to be contributed by the Applicant and by DOE. The percentage of Applicant Cost Share is to be applied to the Total Project Cost (i.e., the sum of Applicant plus DOE Cost Shares) rather than to the DOE contribution alone.

  • Enrollee point-of-service cost-sharing or "cost-sharing" means amounts paid to health carriers directly providing services, health care providers, or health care facilities by enrollees and may include copayments, coinsurance, or deductibles.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • distance contract means a contract concluded between a trader and a consumer under an organised distance sales or service-provision scheme without the simultaneous physical presence of the trader and the consumer, with the exclusive use of one or more means of distance communication up to and including the time at which the contract is concluded;

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.