Common use of Computation of Overtime Clause in Contracts

Computation of Overtime. Overtime earned may be paid in wages or taken in the form of CTO at the option of the employee. Overtime, whether paid as wages or taken in the form of CTO, shall be compensated at the rate of one and one-half (1-1/2) times the employee’s regular rate of pay. No employee shall have more than 80 hours of accumulated CTO on the books at any time. CTO in excess of the 80-hour limit will be paid as wages. CTO may be taken at any time with the prior approval of the employee’s Department Manager or designee. If the use of CTO is denied, the employee may request payment as wages in lieu of the denied CTO. CTO may be used through December 31st. Any accrued CTO in excess of 40 hours as of the end of the calendar year will be paid to the employee as wages on the paycheck for the second pay period in the new calendar year.

Computation of Overtime. Overtime earned may be paid in wages or taken in the form of CTO at the option of the employee. Overtime, whether paid as wages or taken in the form of CTO, shall be compensated at the rate of one and one-half (1-1/2) times the employee’s regular rate of pay. No employee shall have more than 80 hours of accumulated CTO on the books at any time. CTO in excess of the 80-hour limit will be paid as wages. CTO may be taken at any time with the prior approval of the employee’s Department Manager or designee. If the use of CTO is denied, the employee may request payment as wages in lieu of the denied CTO. CTO may be used through December 31st. Any accrued CTO in excess of 40 hours as of the end of the calendar year will be paid to the employee as wages on the paycheck for the second pay period in the new calendar year. Overtime shall be paid to the nearest one-quarter (1/4) hour at the applicable rate.