Common use of Conversion of Annual or Monthly Rates to Biweekly Rates Clause in Contracts

Conversion of Annual or Monthly Rates to Biweekly Rates. When rates of compensation provided on an annual or monthly basis are converted to biweekly rates for payroll purposes and the resulting amount involves a fraction of a cent, the converted biweekly rate shall be adjusted to eliminate such fraction of a cent on the following basis:

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement