Common use of Hourly Overtime Rate Clause in Contracts

Hourly Overtime Rate. (a) The hourly rate for overtime payment is ascertained by the following formula: (A ÷ 313 x 6 ÷ 36.75) x P Where: • A is the annual salary; and • P is the prescribed rate.

Appears in 5 contracts

Samples: Enterprise Agreement, Enterprise Agreement, Enterprise Agreement

AutoNDA by SimpleDocs

Hourly Overtime Rate. (a) The hourly rate for overtime payment is ascertained by the following formula: (A ÷ 313 x 6 ÷ 36.75) x P Where: A is the annual salary; and P is the prescribed rate.

Appears in 1 contract

Samples: eba10.com.au

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.