Divisors Clause Samples
The 'Divisors' clause defines how obligations, rights, or assets under an agreement can be divided among parties. In practice, this clause may specify the method for splitting payments, responsibilities, or benefits, such as allocating shares of profits or dividing liabilities in proportion to ownership. Its core function is to ensure clarity and fairness in the distribution of contractual elements, preventing disputes over how things are to be shared or apportioned.
Divisors. 1.7.1. Divisors for calculating hourly rates The daytime hourly rate of the employee shall be calculated by dividing the fixed monthly wage by 153.86.
1.7.2. Divisors for calculating daily pay rates and holiday allowance Each employee’s daily daytime rate of pay is found by dividing his regular monthly wage by 21.67 (Saturdays are not included).
Divisors. The hourly rate for daytime work is calculated by dividing the monthly wage by 173.33. The weekly rate for daytime work is calculated by multiplying the hourly day-work rate by 40.
Divisors