Daily and Weekly Overtime Sample Clauses

Daily and Weekly Overtime. The Company will pay employees at the rate of one and one-half times their regular hourly pay rate for all work performed in excess of 40 hours in any workweek and hours worked in excess of their regularly scheduled daily shift.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Daily and Weekly Overtime. 1. All work which has been authorized by supervisory or command personnel and is performed in excess of regularly scheduled shifts at straight time in a twenty-four (24) hour period or in excess of forty (40) hours at straight time in a seven (7) day period shall constitute overtime and shall be paid for at one and one-half (1½) times their regular straight time hourly rate unless otherwise provided herein. An Employee working a shift that consists of five (5) days of eight (8) hours of work shall work five (5) consecutive days with two (2) consecutive days off. An Employee working a shift that consists of four (4) days of ten (10) hours of work shall work four (4) consecutive days with (3) consecutive days off. All work which has been authorized by supervisory or command personnel and is performed in excess of the regularly scheduled twelve (12) hour shift in a twenty-four
Sample 1Sample 2Sample 3See All (4)
Daily and Weekly Overtime. Employees who are required to work more than eight (8) hours in any one (1) day or forty (40) hours in any one (1) week, shall be compensated at the rate of one and one-half (1-1/2) times their regular rate at which employed. Overtime premiums shall not be duplicated or pyramided under any of the provisions of this Agreement.
Sample 1Sample 2
Daily and Weekly Overtime. All time worked in excess of eight (8) hours in a workday and all time worked in excess of forty (40) hours in a workweek shall be paid at one and one-half (1 ½) times the applicable straight time hourly rate.
Sample 1Sample 2
Daily and Weekly Overtime. All hours compensated in excess of 40 hours per week shall constitute overtime and shall be paid for at one and one-half the employee's regular hourly rate of pay. Work performed by an employee on a call-out basis (e.g., after-hours call out for a fire investigation) qualifies for overtime compensation. All overtime must be authorized by the Fire Chief or his/her designee. The Fire Chief or his/her designee may offer the employee the opportunity to earn compensatory time credit equal to one and one-half times the overtime hours worked in lieu of overtime pay. Compensatory time credit may be accumulated in a compensatory time bank of up to forty (40) hours maximum (26.67 hours times time and one-half). All banked compensatory time hours as of December 31 of each year will be paid in a lump sum, which will be based on the employee’s monthly base salary as of December 31. The employee will receive this additional pay on the February paycheck of the following year.
Sample 1
Daily and Weekly Overtime. When overtime is required by the Company, employees who work in excess of 8 hours in any 24- hour period or in excess of 40 hours in any regular weekly work period will be paid time and one-half for the hours worked in excess of 8 on a daily basis or in excess of 40 on the weekly basis, whichever is greater but not both. In other words, overtime shall not be paid on overtime. The workday begins at the time the employee first commences work or reports for work (with Company approval), whichever is earlier, and continues for 24 hours. The next and each succeeding day is a 24- hour period beginning at the expiration of 24 hours from the commencement of the previous day if the employee is then at work and continues working. If the employee is not then at work, the workday starts when he next begins to work or reports to work (with Company approval), whichever is earlier. The end of the workweek, however, will terminate the last day of the week for overtime purposes, even though the 24-hour period may not have expired. Under present operating conditions, the work week commences at 7:00 a.m. Monday for payroll purposes for Maintenance employees. No employee will be laid off to equalize time made by having worked overtime. An employee required to work on his off day will not, for that reason, be laid off to keep within the regular workweek. If an employee works more than 16 consecutive hours, he will be paid time and one-half from the first hour. When this work period ends, he will be given at least 8 hours rest following which he may, with reasonable notice to his supervisor, return and work 4 hours or until the end of his next regular 8-hour shift, whichever is greater. Total meeting time that is scheduled for 2 hours or less in duration will not be included in the calculation for working over 16 hours consecutively. Insofar as practicable, overtime hours shall be divided equally among all employees within a depart- ment. Actual hours worked shall be computed insofar as division of overtime. If the Company changes an employee's shift and fails to notify him, if on duty before the end of his shift or if off duty 15 hours prior to the start of a new shift, time and one-half will be paid for the hours worked on the first changed shift. Individuals working Overtime will not be assigned an unpaid lunch. The Union will continue to maintain the overtime board. The Company views continuity to be a factor in overtime assignments when a change in the employee(s) working ...
Sample 1
Daily and Weekly Overtime. For employees not working the 1040 schedule, all work performed in excess of forty (40) hours in a workweek or in excess of the employee's assigned work schedule shall constitute overtime and shall be paid for at one and one-half the employee's regular hourly rate of pay. For employees working the 1040 schedule, all work performed in excess of 53 hours and 20 minutes in one of the three rotations or in excess of the employee's assigned work schedule shall constitute overtime and shall be paid at one and one-half the employee’s regular hourly rate of pay. Overtime shall be computed and based upon actual time worked unless otherwise specified in this collective bargaining agreement. All overtime will be paid, but must be authorized by the Chief of Police or their designee. Employees who are off duty and who provide assistance by telephone for a Police Department related matter will be compensated for the actual time spent on the phone, provided the phone call lasts five (5) minutes or longer. Calls that last less than five (5) minutes shall be considered de minimis and will not be compensated, except that, if on a furlough day or between shifts, an employee receives a series of phone calls that in total exceed five (5) minutes in duration, such time shall be paid for the total actual time spent on the phone calls.
Sample 1
AutoNDA by SimpleDocs
Daily and Weekly Overtime. SECTION 1. Eight (8) hours shall constitute a day's work and forty (40) hours shall constitute a week's work. Time and one-half (1 1/2) shall be paid for all overtime in excess of eight (8) hours per day or forty (40) hours per week, whichever is the greater, but not both. There shall be no pyramiding.
Sample 1
Daily and Weekly Overtime. All work performed in excess of forty (40) hours in a workweek or in excess of the employee's assigned work schedule shall constitute overtime and shall be paid for at one and one-half the employee's regular hourly rate of pay. Overtime shall be computed and based upon actual time worked unless otherwise specified in this collective bargaining agreement. All overtime will be paid, but must be authorized by the Chief of Police or his designee. Employees who are off duty and who provide assistance by telephone for a Police Department related matter will be compensated for the actual time spent on the phone, provided the phone call lasts five (5) minutes or longer. Calls that last less than five (5) minutes shall be considered de minimis and will not be compensated, except that, if on a furlough day or between shifts, an employee receives a series of phone calls that in total exceed five (5) minutes in duration, such time shall be paid for the total actual time spent on the phone calls.
Sample 1

Related to Daily and Weekly Overtime

  • CONTRACT YEAR A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Rates Applicable After Default Notwithstanding anything to the contrary contained in Section 2.9 or 2.10, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a LIBOR Rate Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that (i) each LIBOR Rate Advance shall bear interest for the remainder of the applicable Interest Period at the LIBOR Rate otherwise applicable to such LIBOR Rate Advance for such Interest Period plus 4% per annum and (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate otherwise applicable to the Floating Rate Advance plus 4% per annum; provided, however, that the Default Rate shall become applicable automatically if a Default occurs under Section 7.1 or 7.2, unless waived by the Required Lenders.

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Payments, Computations, etc (a) Except as otherwise specifically provided herein, all payments hereunder shall be made to the Administrative Agent in dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, at the Administrative Agent’s office specified in Schedule 10.1 not later than 4:00 P.M. on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. The Administrative Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by such time to any ordinary deposit account of the Borrower maintained with the Administrative Agent (with notice to the Borrower). The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent the Loans, Fees, interest or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by the Borrower hereunder, subject to the terms of Section 3.12(a)). The Administrative Agent will distribute such payments to such Lenders, if any such payment is received prior to 12:00 Noon on a Business Day in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and Fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day. Except as expressly provided otherwise herein, all computations of interest and fees shall be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to computation of interest on Base Rate Loans which shall be calculated based on a year of 365 or 366 days, as appropriate. Interest shall accrue from and include the date of borrowing, but exclude the date of payment.

  • Computation; 360-Day Year In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Fixed Charges Ratio Permit the ratio of Net Earnings Available for Fixed Charges to Fixed Charges for any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be less than 1.05 to 1.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

Time is Money Join Law Insider Premium to draft better contracts faster.