Common use of Prorating Factor Clause in Contracts

Prorating Factor. 41.01 Where the term prorating factor is used in this Collective Agreement, it shall be calculated as follows: (a) Any hours in the preceding two (2) full biweekly pay periods ÷ 160 (e.g. holiday calculation): (i) holiday shall be deemed to fall in the third full biweekly pay period; (ii) calculate any hours worked in the preceding two (2) full biweekly pay periods; (iii) divide number arrived at in (ii) by one hundred and sixty (160); (iv) multiply eight (8) hours times the prorating factor arrived at in (iii) to determine the employee’s entitlement. (b) For the purpose of this article, any hours worked shall be regular hours exclusive of overtime hours worked.

Prorating Factor. 41.01 42.01 Where the term prorating factor is used in this Collective Agreement, it shall be calculated as follows: (a) Any hours in the preceding two (2) full biweekly pay periods ÷ 160 (e.g. holiday calculation): (i) holiday shall be deemed to fall in the third full biweekly pay period; (ii) calculate any hours worked in the preceding two (2) full biweekly pay periods; (iii) divide number arrived at in (ii) by one hundred and sixty (160); (iv) multiply eight (8) hours times the prorating factor arrived at in (iii) to determine the employee’s entitlement. (b) For the purpose of this article, any hours worked shall be regular hours exclusive of overtime hours worked.