Regular Hourly Rate of Pay Sample Clauses

Regular Hourly Rate of Pay. The amount of pay the employee is designated to receive within the salary scale for the employee’s job classification, including other applicable, additional types of pay, multiplied by 12 and divided by 2080 for which the employee’s specific assignment may entitle him/her.
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Regular Hourly Rate of Pay. An employee's regular hourly rate of pay shall be their classification rate, not including premium pay.
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Regular Hourly Rate of Pay. An employee’s regular hourly rate of pay is defined as the hourly rate of pay as specified in Appendix “A” of this Collective Agreement for the classification for which the employee has been hired.
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Regular Hourly Rate of Pay. Shall be based on employee's assigned bi-weekly salary range adjusted for a forty (40) hour work week, depending on assignments, and shall not include retention incentive, deferred compensation, assignment bonuses, or assignment differentials.
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Regular Hourly Rate of Pay. The rate of pay utilized for purposes of the calculation of overtime under the Fair Labor Standards Act (“FLSA”).
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Regular Hourly Rate of Pay. Regular hourly rate of pay shall mean the total non-overtime compensation inclusive of basic pay and all other pays, such as premium and/or incentive pay, received by an employee. For purposes of calculating the regular hourly rate of pay each additional pay will be calculated separately first and then added together with the basic pay to determine the regular rate. For example, if an employee’s basic pay is $45 and an employee has one additional pay of 2%, then you would take 2% of $45 ($0.90) and add it to $45 for a total regular hourly rate of pay of $45.90. If the employee received two additional pays at 2% each, their regular hourly rate of pay would be: $45 + $0.90 + $0.90 ($46.80). It would not be calculated by adding the additional pays of 2% and 2% together for 4% and then multiplying the 4% by $45.
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Regular Hourly Rate of Pay. Regular hourly rate of pay" is defined as the regular hourly rate of pay, inclusive of any and all other wage, compensation or benefit element such as longevity, etc.
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Regular Hourly Rate of Pay. ‌ 10 “Regular Hourly Rate of Pay” is straight time plus any applicable premiums 11 determined by experience /skills /education (e.g. certification pay, clinical 12 ladder pay, etc.) and premiums determined by work/shift status (e.g. shift 13 differential, shift charge nurse pay, etc.). shift differential, Shift Charge 14 Nurse pay, and any other applicable premium pay. Does not include 15 overtime.
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Related to Regular Hourly Rate of Pay

  • Rate of Pay a. An Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 7, for each full day worked. b. Effective July 1, 2016, an Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 8, for each full day worked.

  • Hourly Rate (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement for payment for labor that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement will not be paid to the extent the work is performed by individuals that do not meet the specified qualification. (D) Seller shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreement) by evidence of actual payment and by individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreement, or other substantiation approved by Company. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement prescribes otherwise, hourly rates shall not be varied by virtue of Seller having performed work on an overtime basis. If overtime rates are provided, the premium portion will be reimbursable only to the extent the overtime is approved by Company.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

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