Common use of Overtime Calculation Clause in Contracts

Overtime Calculation. Overtime will be paid at the rate of one and one half (1 1/2) times the hourly salary for all hours worked in excess of forty (40) hours in a single workweek. For overtime hours worked from thirty-six (36) through forty (40) hours, compensation will be at the hourly rate of pay. Overtime will be adjusted upward to the nearest quarter hour at the end of each pay period. Overtime shall be computed to include Holidays and Bereavement Days.

Appears in 2 contracts

Samples: Principles of Agreement, Agreement

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Overtime Calculation. Overtime will be paid remunerated at the rate of one and one half (1 1/2) times the hourly salary for all hours worked in excess of over forty (40) hours in a single workweek. For overtime hours worked from thirty-six (36) through forty (40) hours, compensation will be at the hourly rate of pay. . Overtime will be adjusted upward to the nearest quarter half hour at the end of each pay period. Overtime shall be computed to include Holidays and (1) Holidays, (2) Vacation/Personal Days, (3) Sick Days, (4) Bereavement Days.

Appears in 1 contract

Samples: www.perc.state.nj.us

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Overtime Calculation. Overtime will be paid at the rate of one and one half (1 1/2) times the hourly salary rate for all hours worked in excess of forty (40) hours in a single workweek. For overtime additional hours worked from thirty-six (36) through forty (40) hours, compensation will be at the hourly rate of pay. Overtime will be adjusted upward to the nearest quarter hour at the end of each pay period. Overtime shall be computed to include Sick, Vacation, Holidays and Bereavement Days.

Appears in 1 contract

Samples: Agreement

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