Premium Overtime definition

Premium Overtime means any hours beyond the regular working hours which are paid out at overtime rates of pay (one and one-half times [1½x] or double time [2x]).
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Premium Overtime means hours worked by an overtime eligible employee in excess of forty (40) hours in a work week and for which compensation is at a time and one-half rate.
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Premium Overtime. Where there are fifteen or more employees working within a Zone; the Zone Committeeperson or (Acting Zone Committeeperson) shall be asked. Should the Zone Committeeperson refuse then the area ▇▇▇▇▇▇▇ (or Acting ▇▇▇▇▇▇▇) will be asked. When more than one shift premium overtime is being worked the appropriate Committeeperson from the shift being worked will be asked. Should the Shift Committeeperson refuse then an appropriate Zone ▇▇▇▇▇▇▇ will be asked. who are absent for an entire week will not be eligible for the premium overtime immediately following the absence unless:
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Examples of Premium Overtime in a sentence

  • Premium Overtime: 150% of Basic Scale Wages per 15 minute increment beyond one hold hour.

  • Premium Overtime: Sundays shall be at the premium overtime rate, providing that Sunday is not part of the regular shift.

  • Billings for Project Inspector Services shall be at the Straight Time hourly rates, unless the District has authorized in advance the completion of Project Inspector Services on days/times subject to Overtime or Premium Overtime hourly rates.

  • Callout may be entered as Premium Overtime or as Compensatory Time Earned.

  • Eligible earnings are defined as: Regular pay Retro pay Licensed Automotive Technician's Allowance Bilingual Premium Overtime Training Upon ratification of new collective agreement the calculated surplus for the incentive period June to November 2011 as presented will be paid out to actively employed employees within two (2) weeks.

  • Premium Overtime: Sundays shall be at the overtime rate, providing that Sunday is not part of the regular shift.

  • Premium Overtime Members are paid overtime at one and one-half (1 1/2) their regular rate for all hours in excess of their regular schedule in the fourteen (14) day work period.

  • Premium Overtime- Overtime hours outside of normal twelve(12) hour shift and is paid at a rate of 1.5 times base rate for any work over eighty(80) hours in any two(2) week pay period or over twelve(12) hours in any scheduled work day.

  • If the Description of Service Code (EDB 2056) is ‘range adjustable’, as determined in the DOS Table, Range Adjustment Indicator (DOS 7700) = Y, and the Pay Category (DOS 1600) is ‘N’ (normal) and the Type of Hours Code (DOS 2000) is ‘R’ (Regular) or ‘O’ (Overtime) or ‘P’ (Premium Overtime), or if the Range Adjustment Indicator = Y, and the Pay Category = ‘A’ combined with a Type of Hours Code = to ‘O’, the distribution should be selected.

  • Premium Overtime rates are in effect only when a worker exceeds forty (40) hours during the Contractor’s standard work-week and all 40 hours have been worked on a District project.

Related to Premium Overtime

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when: