Examples of Premium Period in a sentence
Banked Overtime Pay Employees Job Evaluation Method Premium Period..
Employees who are assigned to work a regular shift that includes hours between 1900 and 0600 hours, (the "Premium Period") shall receive a shift premium of five percent (5%) of the hourly wage, in addition to their hourly rate of pay.
Employees assigned to a shift that is eligible for the shift premium will receive the shift premium for any overtime hours attached to their shift that fall within the Premium Period, but will not receive the shift premium for overtime hours falling outside the Premium Period.
The shift premium shall apply to all hours worked as part of an assigned, regular shift that includes hours within the Premium Period.
Premium Period Premium period is the period in which the insurance premium has been agreed to pay at regular intervals.