Overbase Sample Clauses
The Overbase clause defines the threshold or base amount above which certain charges, rates, or obligations become applicable in a contract. In practice, this means that fees or penalties are only triggered when usage, costs, or quantities exceed a specified baseline, such as a minimum volume of goods or a set level of service usage. This clause ensures that parties are only subject to additional costs when their activity surpasses the agreed-upon base, thereby providing predictability and protecting against unexpected or excessive charges.
Overbase. In the event that a Graduate Worker paid on an hourly basis voluntarily agrees to work more than twenty (20) hours in one week, and such agreement is approved by the Supervisor, the Graduate Worker's additional time shall be compensated at a rate one and a half (1.5) times greater than their normal effective hourly rate.