Overtime will be Sample Clauses
The "Overtime will be" clause defines the terms under which employees are compensated for hours worked beyond their standard schedule. Typically, this clause specifies the rate of pay for overtime hours, such as time-and-a-half or double time, and may outline which roles or situations qualify for overtime compensation. Its core function is to ensure fair compensation for extra work and to provide clear guidelines for both employers and employees regarding overtime pay, thereby preventing disputes and ensuring compliance with labor laws.
Overtime will be. (a) calculated to the nearest ¼ of an hour;
(b) calculated on the basis of the employee’s base pay in effect at the time the overtime occurred; and
(c) for a minimum of one hour of compensation at the appropriate rate.
Overtime will be paid as follows for employees who normally work a Twelve (12)
Overtime will be payable for all work performed before or after the agreed hours or outside the spread of ordinary hours, if any, applicable to similar full-time employees. The excess time or time worked outside the spread of ordinary hours shall be treated as overtime and paid at the appropriate overtime penalty rate calculated on the employee’s rate of pay.