Calculation of Overtime Rate Sample Clauses

Calculation of Overtime Rate. Should the hourly rate arrived at result in a fraction of one cent; it shall be taken to the next highest full cent before multiplying the applicable overtime rate.
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Calculation of Overtime Rate. For the purpose of calculating the hourly rate, an employee's biweekly rate shall be divided by seventy (70) for employees on thirty-five (35) hours per week, and multiplied by the applicable overtime rate. Should the hourly rate arrived at result in a fraction of one (1) cent, it shall be taken to the next highest full cent before multiplying the applicable overtime rate.
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Calculation of Overtime Rate a) For the purpose of calculating the hourly rate, an employee's biweekly rate shall be divided by seventy (70) for employees on thirty-five (35) hours per week, and multiplied by the applicable overtime rate.
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Calculation of Overtime Rate. A. The City will apply the “Fair Labor Standards Act (FLSA) regular rate of pay” to all hours actually worked in excess of forty hours in the FLSA workweek as defined by the FLSA, including all special assignment pays, premium pays, shift differentials and all other compensation as required by the FLSA in its calculations of statutory overtime compensation.
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Calculation of Overtime Rate. All hours consecutively worked by a full-time employee in excess of the employee's regularly scheduled work week or normal duty tour, but less than sixteen consecutive hours, shall be compensated at one and one-halftim es such employee’s regular rate of pay. Section 1b Provision for Double Time Rate A full-xxx e employee who works in excess of sixteen consecutive hours shall be paid at the rate of two times his/her regular rate of pay for all time worked in excess of the sixteen consecutive hours.
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Calculation of Overtime Rate. The Artist’s single-time hourly rate for overtime is the lesser of: their weekly Salary divided by the maximum working hours in the Week (40, 43 or 46 as determined by Clause 7) or the Ceiling Salary divided by the maximum working hours in the Week (40, 43 or 46 as determined by Clause 7).
Sample 1
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Related to Calculation of Overtime Rate

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Freddie Mac will designate an alternative index that has performed, or that Freddie Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Mileage Rate The mileage rate for authorized travel – based on State of Florida rates on the Effective Date of this Agreement – is $0.445 per mile.

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