Two and One-half Times Sample Clauses

The "Two and One-half Times" clause sets a specific multiplier—2.5 times—applied to a referenced amount, such as salary, fees, or damages, within a contract. For example, it may cap severance payments or limit liability by stating that a party cannot be required to pay more than two and one-half times a certain base figure. This clause provides a clear, predetermined limit to financial obligations, helping both parties manage risk and avoid unexpected or excessive costs.
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Two and One-half Times. An employee shall be paid at the rate of two and one-half (2½) times their base hourly rate and at the rate of two and one-half (2½) times any applicable shift differential for: 1. All hours worked on a day observed as a holiday.