Regular Base Hourly Rate. The annual compensation paid to professional and technical employees of the Design Professional engaged on the Project divided by 2080. “
Regular Base Hourly Rate. As used in this Contract is the rate at which an employee would be paid for one hour of regular nonovertime work in his current pay grade and step. This rate does not include any other payments except as specifically provided in the Fair Labor Standards Act or this Contract for purposes of determining overtime rates.
Regular Base Hourly Rate. The “regular base hourly rate” is defined as the Nurse’s straight time rate of pay per hour without the inclusion of any increment, differential, or premium of any kind.
Regular Base Hourly Rate. The basic hourly rate or the basic salary (reduced to basic hourly rate) actually paid to professional and technical employees of the Design Professional engaged on the Project, excluding the cost of their mandatory or customary benefits such as statutory employee benefits, insurance, sick leave, holidays, vacations, bonuses, profit sharing contributions, pensions and similar benefits, and which does not include any xxxx-up for overhead, profit or general expenses of any kind. In reducing basic annual salary to basic hourly rate for any employee, the basic annualized salary for such employee, adjusted as provided above, shall be divided by 2080.
