Basic Rate of Pay. Section 15.01 For the purpose of calculating the hourly rate of pay which shall apply to excess hours of work (overtime), the established monthly salary (including any additions required to comply with the FLSA definition of regular rate of pay) of each employee shall be multiplied by twelve (12) to obtain the annual salary, which shall then be divided by 2512 for shift personnel and 2,080 for day personnel.
Appears in 1 contract
Sources: Collective Bargaining Agreement
Basic Rate of Pay.
Section 15.01 For the purpose of calculating the hourly rate of pay which shall apply to excess hours of work (overtime), the established monthly salary (including any additions required to comply with the FLSA definition of regular rate of pay) of each employee shall be multiplied by twelve (12) to obtain the annual salary, which shall then be divided by 2512 2,608 for shift personnel and 2,080 for day personnel.
Appears in 1 contract
Sources: Collective Bargaining Agreement