Overtime Definition definition

Overtime Definition. Contractor's definition of overtime is as follows: NOT APPLICABLE OVERTIME SHALL. BE CHARGED ONLY WHEN APPROVED IN ADVANCE BY EXXON. All charges shall commence subsequent to an approved Release Order and Contractor shall be paid for actual work completed.
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Examples of Overtime Definition in a sentence

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the normal or standard work day, or in excess of the normal or standard work week.

  • The payment of straight time pay or one and one half (1-1/2) pay shall be determined by the total hours worked as set forth in Article Three, Section VII, Overtime Definition.

  • Hours of Work Outside the Span of Hours (Not Overtime) Definition ‘Outside the Span – Accrued Time’–Employees from VPS Grades 1 to 5 level may be paid or accrue time for agreeing to undertake ordinary hours of work outside the span of hours.

  • Employees who volunteer for Paid Work Details outside their scheduled hours shall receive payment in accordance with Section 7.2 Overtime Definition for a minimum of three (3) hours or actual time worked whichever is greater.

  • Overtime Definition: Overtime is defined as any hours worked over 37.5 hours per week.

  • Article 8 Overtime Definition of Regular Straight Time Hourly Rate .

  • OVERTIME, COMPENSATORY TIME, CALL BACK, MEALS 7 11.1 Overtime Definition 7 11.2 Overtime Authorization 7 11.3 Computation of Overtime 7 11.4 Categories of Overtime 8 11.4.1 Prearranged Overtime 8 11.4.2 Short Notice Call-Out 9 11.4.3 Anticipated Extension of the Work Day Overtime 10 11.4.4 Unanticipated Extension of the Work Day Overtime 11 11.5 Standby Duty 12 11.6 Overtime Rate of Pay and Compensatory Time Off 13 11.7 System Operator 14 11.8 Meals 15 SECTION 12.

  • Employees who volunteer for Paid Work Details outside their scheduled hours shall receive payment in accordance with Section 6.2 Overtime Definition for a minimum of three (3) hours or actual time worked whichever is greater.

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the or standard work day, or in excess of the normal or standard work week The overtime rate shall be one and one-half (1 times the regular straight time hourly rate of pay.

  • Article Overtime Definition of Regular Straight Time Hourly Rate.

Related to Overtime Definition

  • The definition of Pass-Through Rate" set forth in Section 1.01 of the Pooling Agreement is hereby amended and restated to read as follows:

  • Definition means a provision of this Law (however expressed) that —

  • definition of Monthly Advance" in Article I is hereby amended in its entirety to read as follows:

  • Master Definitions Schedule means the amended and restated schedule of definitions relating to the Programme originally dated the Programme Effective Date and as most recently amended and restated on 18 December 2020 (as further amended, supplemented and/or replaced from time to time).

  • Definitions In this Agreement:

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Other Definitional Provisions set forth in Section 1.2 of the Basic Servicing Agreement are incorporated by reference into this 2017-3 Servicing Supplement.

  • Defined Terms As used herein:

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency or any LIBOR Floating Rate Loan, LIBOR, for any Eurocurrency Rate Loan denominated in Australian Dollars, BBSY, for any Eurocurrency Rate Loan denominated in Canadian Dollars, the CDOR Rate and for any Eurocurrency Rate Loan denominated in Mexican Pesos, TIIE, as applicable.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Replacement Reference Rate means a reference rate which is:

  • Pricing Grid the pricing grid attached hereto as Annex A.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Defined Person" shall mean and include an individual, a partnership, a joint venture, a corporation, a trust, an unincorporated organization and a government or other department or agency thereof.

  • Defined Period means for any given calendar month or date of determination, the twelve (12) month period ending on the last day of such calendar month or if such date of determination is not the last day of a calendar month, the twelve (12) month period immediately preceding any such date of determination.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.