Common use of Compensation for Overtime Work Clause in Contracts

Compensation for Overtime Work. 1. The basic compensation for an Employee who performs overtime work shall include all differentials an Employee is receiving when performing overtime work, except for hazard pay differentials. To convert an Employee's basic compensation to an hourly rate, the following formula shall be used: (monthly salary plus the amount of monthly differentials) multiplied by 12 months then divided by 2,080 hours; plus any hourly differentials the Employee is earning.

Appears in 2 contracts

Samples: Unit 09 Agreement, Unit 09 Agreement

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Compensation for Overtime Work. 1. The basic compensation Compensation for an Employee who performs overtime work shall include all differentials an Employee be at the rate of one and one-half hours for each hour of overtime worked except as provided by subsection B. and C. above or as otherwise provided in this Agreement.Except as is receiving when performing overtime work, except for hazard pay differentials. To convert an Employee's basic compensation to an hourly rateclearly provided otherwise in this Agreement, the following formula hourly rate for overtime compensation for all employees assigned to 24 hour shifts (including compensation provided for scheduled overtime) shall be used: (monthly salary plus at the amount of monthly differentials) multiplied by 12 months then divided by 2,080 hours; plus 53 hour rate including any hourly differentials the Employee is earningapplicable differential. Scheduled overtime may be annualized and paid semimonthly.

Appears in 1 contract

Samples: Unit 11 Agreement

Compensation for Overtime Work. 1. The basic compensation Compensation for an Employee who performs overtime work shall include all differentials an Employee be at the rate of one and one-half hours for each hour of overtime worked except as provided by subsection B. and C. above or as otherwise provided in this Agreement. Except as is receiving when performing overtime work, except for hazard pay differentials. To convert an Employee's basic compensation to an hourly rateclearly provided otherwise in this Agreement, the following formula hourly rate for overtime compensation for all Employees assigned to twenty-four (24) hour shifts (including compensation provided for scheduled overtime) shall be used: at the fifty-three (monthly salary plus the amount of monthly differentials53) multiplied by 12 months then divided by 2,080 hours; plus hour rate including any hourly differentials the Employee is earningapplicable differential. Scheduled overtime may be annualized and paid semimonthly.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Compensation for Overtime Work. 1. Basic Compensation Formula - The basic compensation for an Employee employee who performs receives cash payment for overtime work shall include all differentials an Employee employee is receiving when performing overtime work, except for hazard pay differentials. To convert an Employeeemployee's basic compensation to an hourly rate, the following formula shall be used: (monthly salary plus the amount of monthly differentials) multiplied by 12 months then divided by 2,080 2080 hours; plus any hourly differentials the Employee employee is earning.

Appears in 1 contract

Samples: Agreement

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