Premium Compensation Rate Sample Clauses

Premium Compensation Rate. Premium Compensation Rate of pay shall be defined as 1.5 times the employee’s regular compensation rate and shall include holiday pay for regular full and part time employees that qualify for holiday pay set forth in Article 48, on-call and overtime compensation.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Premium Compensation Rate. All hours worked in excess of forty (40) hours in a work week shall be paid at time and one-half (1 1/2) of the employee’s regular compensation rate. PTO, ESL, Holiday, Bereavement and on-call shall not be considered as time worked for the purpose of calculating overtime. Exempt employees (all employees except for Graduate Nurses and Registered Nurses) who work in excess of forty (40) hours in a work week shall be granted compensatory time off within sixty (60) days of the overtime.
Sample 1Sample 2See All (4)
Premium Compensation Rate. Limitations. Neither compensation nor compensation rates will be pyramided or compounded in computing compensation payable under this Agreement and, if more than one (1) type of premium compensation rate would otherwise apply to the same work, only the higher rate will be paid.
Sample 1Sample 2
Premium Compensation Rate. Premium Compensation Rate of pay shall be defined as 1.5 times the employee’s regular compensation rate.
Sample 1Sample 2
Premium Compensation Rate. A regular or part-time employee's compensation rate for work in excess of the normal workday or workweek will be one and one-half (1 Vz) times the employee's regular rate of compensation. Employees may elect to earn compensatory time off in lieu of overtime pay in accordance with Section 10.13.
Sample 1
Premium Compensation Rate. Premium compensation rate of pay shall be defined as the regular compensation rate at time and one half.
Sample 1
Premium Compensation Rate. Overtime Work #36 Premium compensation rate shall be defined as the regular compensation rate at time and a half (1 ½). All hours worked in excess of forty (40) hours in a week shall be paid at premium compensation rate. The premium compensation rate shall be paid if an employee, who has a ten (10) hour shift schedule, works five (5) or more consecutive ten (10) hour shifts during any period. The premium compensation rate shall be applied to the fifth and subsequent consecutive ten (10) hour shifts in such case.
Sample 1
AutoNDA by SimpleDocs
Premium Compensation Rate. All hours worked in excess of forty (40) hours in a workweek shall be paid for at the rate of time and one-half (1 1/2) the individual Employee’s regular hourly compensation rate. There shall be no pyramiding of overtime and, if more than one (1) type of premium compensation rate would otherwise apply to the same work, only the higher rate will be paid.
Sample 1
Premium Compensation Rate. Except as noted in subsection N below, overtime for employees in the Alternate Work Schedules shall be calculated for work exceeding seventy- five (75) hours biweekly.
Sample 1

Related to Premium Compensation Rate

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Compensation Rates Each of the compensation rates to be paid by Buyer to Seller for Product delivered under this Agreement as set forth below shall be populated with the values as selected by Buyer in accordance with Appendix XIV. The Compensation Rates are as follows:

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Term and Maximum Compensation 1.4.1. The term of this CONTRACT is for three (3) years, commencing upon Board of Supervisor approval, with a maximum allowable compensation of one million, five hundred thousand dollars ($1,500,000), with the option to renew for two (2) additional years, with Board approval; except as permitted in Paragraph 1.5 below.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

Time is Money Join Law Insider Premium to draft better contracts faster.