Overtime Rate of Pay definition

Overtime Rate of Pay means time and one-half the employee’s “regular hourly rate” of pay.
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Overtime Rate of Pay means one and one-half (1½) times the employee’s regular rate of pay.
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Overtime Rate of Pay means one and one-half (1 ½) times the
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Examples of Overtime Rate of Pay in a sentence

  • For listings that use the word ‘‘and’’ to link the elements of the required criteria, the medical record must establish the simultaneous presence, or presence within a close proximity of time, of all the required medical criteria.

  • Overtime rate of pay is 1-1/2 times the base rate of pay plus such other differential increment as required under the terms of the Fair Labor Standards Act in effect on the date of this Agreement.

  • Overtime rate of pay is one and one-half times the basic rate of pay plus such other differential increment as required under the terms of the Fair Labor Standards Act in effect on the date of this Agreement.

  • The Overtime rate of pay will be one and one-half (1-1/2) times the chargeable hourly rate.

  • Overtime rate of pay is $ per hour for every hour (or fraction thereof) worked over 40 per week subject to the maximum of 45 hours per week consistent with the U.S. State Department regulations.

  • Overtime rate of pay is $ per hour for every hour (or fraction of every hour) worked over 40 hours per week.

  • Overtime Rate of Pay: Overtime rate of pay for a service technician shall be one and a half (1½) times the service technician’s scale.

  • Overtime rate of pay is established at a rate equal to one and one-half (1-1/2) times the regular hourly rate of pay.

  • Any Hours Worked more than 40 hours per week will be compensated at an Overtime rate of pay; except for those Non- exempt Employees employed in certain firefighter occupations may have different requirements under the FLSA.

  • Overtime shall be considered as any time worked beyond forty (40) hours per week.B. Overtime rate of pay shall be one and one-half (1-1/2) times the hourly rate of pay for individual employees; however, with the agreement of his/her supervisor, an employee may choose to receive comp time at the rate of 1-1/2 hours credit for each hour worked beyond 40 hours a week.


More Definitions of Overtime Rate of Pay

Overtime Rate of Pay is the product of an employee’s rate of pay from Table A.
Sample 1

Related to Overtime Rate of Pay

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following:

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Borrower and the Lenders, plus (b) the Applicable Spread for Eurocurrency Loans, plus (c) the Mandatory Cost. When used in reference to any Loan or Borrowing, “Alternate Rate” refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Rate.