Overtime or Premium Payments Sample Clauses
The Overtime or Premium Payments clause defines the conditions under which employees are entitled to receive additional compensation for working beyond standard hours or during special periods, such as holidays or weekends. Typically, this clause outlines the specific rates (such as time-and-a-half or double time) and the qualifying circumstances, like hours worked over 40 in a week or work performed on designated holidays. Its core practical function is to ensure fair compensation for extra work and to comply with labor laws, thereby protecting both employer and employee interests regarding overtime pay.
Overtime or Premium Payments.
(a) Time and One-Half An employee shall be paid at the rate of one and one- half (1-1/2) times base hourly rate of pay and at the rate of one and one-half (1-1/2) times any applicable shift differential for:
(1) All hours worked in excess of eight (8) hours in any twenty-four (24) hour period or for all hours worked in excess of forty (40) hours within the workweek, whichever method of computation provides at the end of the workweek the greater total pay to the employee. (See Section 4 for 10- Hour Shift Rules and Section 5 for 12-Hour Shift Rules).
(2) All hours worked on the sixth (6th) day worked in a workweek, provided he/she has worked or is credited with a minimum of four (4) hours in each of the preceding five (5) workdays of that workweek. (See Section 4 for 10-Hour Shift Rules and Section 5 for 12-Hour Shift Rules).
(3) Schedule change, payment for the first (1st) eight (8) hours worked on a new schedule except when such change is made at the request of or for the convenience of the employee or unless notified thereof in the preceding workweek of a change in an employee’s working schedule from one shift to another, from one rollout day to another, or in scheduled vacation
(b) Two Times An employee shall be paid at the rate of two (2) times base hourly rate of pay and at the rate of two
Overtime or Premium Payments. Section 8. Holidays.......................................................... Section 9.
Overtime or Premium Payments