Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.
Overtime Pay a) A casual employee shall be entitled to overtime pay in accordance with Article 27.05 in the following circumstances:
Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.
Interest Calculation Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.