Over-Time Payment Clause Samples

The Over-Time Payment clause establishes that payments for goods or services will be made incrementally as work progresses, rather than in a single lump sum upon completion. Typically, this means the client or buyer pays the provider at specified milestones, intervals, or based on the percentage of work completed. This approach helps ensure steady cash flow for the provider and aligns payment with the actual progress of the project, reducing financial risk for both parties and incentivizing timely performance.
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Over-Time Payment. All work performed other than during the regularly scheduled work day shall be paid for at one and one-half (1 1/2) the regular straight time rate of pay. This shall include all work performed before 7:00 A.M. or after 3:30 P.M. Monday through Friday, and all work performed on Saturday. Sunday and the following holidays shall be paid double time: New Year's Day, Decoration Day, Fourth of July, Labor Day, Thanksgiving Day, and Christmas Day, or day celebrated as such. No work shall be performed on any of the aforesaid holidays, nor shall there be overtime work at any other time except in the event of any emergency to protect the life or property and then only by consent of the parties. Lunch period shall be a full one-half hour period occurring between 12:00 Noon and 1:00 P.M., otherwise the employees shall receive time and one-half (1 1/2) hour. Employees of this bargaining unit shall not be docked for supper hour when working overtime. Plasterers shall be furnished transportation to a restaurant for his supper hour. No employee shall work more than six (6) hours following the last meal period without an opportunity to eat. In the event an opportunity is not granted to eat as aforesaid, the employees shall receive an additional one-half (1/2) hours pay at premium rate.
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Over-Time Payment. All work performed other than during the regularly scheduled workday shall be paid for at one and one-half (1 1/2) the regular straight time rate of pay. This shall include all work performed before 7:00 A.M. or after 3:30 P.M. Monday through Friday. Saturdays shall be paid at the rate of time and one-half (I l/2). All work performed on Sundays and the following holidays shall be paid at double time: New Year’s Day, Decoration Day, Fourth of July, Labor Day, Thanksgiving Day, and Christmas Day, or a day designated as one of the foregoing holidays. Lunch period shall be a full one-half hour period occurring between 12:00 Noon and 1:00 P.M., otherwise the premium rate of pay shall prevail for the lunch period. Employees of this bargaining unit shall not be docked for supper hour when working overtime. No employee shall work more than six (6) hours without an opportunity to eat. If there is more than one (1) ▇▇▇▇▇ on the job, the supper period shall be staggered so that the job will not be left unmanned, at the discretion of the supervisor. If an employee should work without a supper hour he she shall receive one-half (1/2) hour extra pay. The wage and fringe benefit package shall be paid on an hours worked basis.
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Related to Over-Time Payment

  • One-Time Payment Tenant shall pay to Landlord a one-time payment in the amount of Twelve Thousand Five Hundred and No/100 Dollars ($12,500.00), payable within thirty (30) days of the Effective Date and subject to the following conditions precedent: (a) ▇▇▇▇▇▇’s receipt of this Amendment executed by ▇▇▇▇▇▇▇▇, on or before January 14, 2021; (b) ▇▇▇▇▇▇’s confirmation that Landlord’s statements as further set forth in this Amendment are true, accurate, and complete, including verification of Landlord’s ownership; (c) Tenant’s receipt of any documents and other items reasonably requested by Tenant in order to effectuate the transaction and payment contemplated herein; and (d) receipt by Tenant of an original Memorandum (as defined herein) executed by ▇▇▇▇▇▇▇▇.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Up-Front Payment At all times during the Effective Period other than those periods for which payment of all Billed Amounts is By Invoice, Customer shall maintain on file with 8x8 or the billing 8x8 Affiliate (as applicable) complete, accurate, and up-to-date information for at least one valid, working credit card or Customer account (sufficient to permit ACH withdrawals). Payment of all Billed Amounts – other than those for which 8x8 has agreed to payment By Invoice – shall be by charge to such credit card(s) or by ACH withdrawal from such account(s), at or near time of billing, and Customer hereby authorizes 8x8 to make such charges or withdrawals. Where payment is by such charge or withdrawal, (a) 8x8 shall post a statement of the Billed Amounts in the relevant account at or near the time of the first attempted charge or withdrawal and shall thereafter make commercially reasonable efforts to notify Customer by email and/or telephone if the charge or withdrawal is not successful and (b) Billed Amounts shall be due within fourteen (14) days of such posting.

  • Minimum Payment Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.