OVT definition

OVT is hours paid at the overtime rate of 1.25 times the salary hourly rate.

Examples of OVT in a sentence

  • The Independent Engineer’s OVT effort during construction will focus on materials, components, systems and Elements where Nonconforming Work, Deviations, Defects or other non-compliance could affect safety, compliance with Governmental Approvals or the Residual Life at Handback.

  • There is no subscription right, option, warrant, convertible security, or other right (contingent or other) presently outstanding, for the purchase, acquisition, or sale of common stock or any other securities of OVT, or any securities convertible into or exchangeable for common stock or other securities of OVT, except that options to purchase 1,570,500 shares of OVT Common Stock are outstanding.

  • There are no claims, charges, arbitrations, grievances, actions, suits, proceedings, or investigations pending against, or affecting OVT at law or in equity or admiralty, or before or by any federal, state, municipal, or other governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign.

  • The escrow agent shall also have instructions to deliver the certificates to Sellers if OVT's pre-tax earnings as determined from the audited financial statements of OVT for the fiscal year of OVT ended September 30, 2003, are not less than OVT Target Revenue.

  • The books, records, and accounts of OVT shown to Purchaser accurately and fairly reflect, in reasonable detail, all transactions, assets, and liabilities of OVT.

  • OVT agrees to reimburse you for any reasonable pre-approved out-of-pocket expenses you incur in providing such cooperation, subject to reasonable documentation.

  • No shares of any corporation or any ownership or other investment interest, either of record, beneficially, or equitably, in any association, partnership, joint venture, or other legal entity are owned or controlled by OVT.

  • The Financial Statements (i) are in accordance with the books and records of OVT, and (ii) present fairly the financial condition of OVT as of the respective dates indicated and the results of operations for such periods.

  • Neither Purchaser nor any affiliate of Purchaser has incurred any obligation or liability to any party for any brokerage fees, agent's commissions, or finder's fees in connection with the purchase of the OVT Shares which has not been disclosed to OVT and Sellers.

  • There are no outstanding, nor to the best knowledge of OVT and Sellers are there any threatened, disputes or other disagreements with respect to (i) ownership of the Intellectual Property, (ii) any licenses or similar agreements or arrangements, or (iii) infringement by a third party of any of the Intellectual Property.