Common use of Basic Rate of Pay Clause in Contracts

Basic Rate of Pay. Section 1. The calculation of regular overtime shall be in accordance with established practices and in compliance with the provisions of the Fair Labor Standards Act. Section 2. For those assigned to a regular 40-hour work-week schedule, two thousand eighty (2,080) scheduled hours per year, will be used in calculating the basic annual salary. Section 3. For those assigned to shift work, two thousand five hundred and ninety-two (2592) scheduled hours per year will be used in calculating the basic annual salary.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement