Global Payment for Over-time Clause Samples

Global Payment for Over-time. Without derogating from the above, it is expressly agreed that an amount equal to 30% of the Gross Salary shall be paid to the Employee on account of overtime hours ("Shaot Nosafot") as a global payment in consideration for overtime work and work during weekly rest or on holidays, whether actually performed by the Employee or not. For the purpose of this Agreement, the payments made in consideration of the overtime hours shall be referred to as "Overtime Payment".