Double Time Rate, Pay Clause Samples
The Double Time Rate, Pay clause establishes the conditions under which employees are compensated at twice their standard hourly wage. Typically, this clause applies to hours worked beyond a certain threshold, such as overtime exceeding a set number of hours in a day or week, or for work performed on designated holidays. Its core function is to incentivize employers to limit excessive overtime and to fairly compensate employees for extraordinary work hours, thereby ensuring compliance with labor standards and reducing the risk of employee exploitation.
Double Time Rate, Pay. Double time rate of pay is 2 times the basic rate of pay plus such other differential increment as required under the terms of the Fair Labor Standards Act in effect on the date of this Agreement.
