Calculation of Compensation. Compensation is based on the hourly rates and pay schedule set forth in Appendix A. Adjustments in hourly rates are rounded up to the next ▇▇▇▇▇, but may not exceed the top of any pay range. Pay is based on 2,080 hours per year and twenty-six (26) equal pay periods.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Calculation of Compensation. Compensation shall be calculated on the basis of 2,080 hours per year and twenty-six (26) equal pay periods per year. Compensation is based on the hourly rates and pay schedule set forth in Appendix A. Adjustments in hourly rates are rounded up to the next ▇▇▇▇▇nearest cent, but may not exceed the top of any pay range. Pay is based on 2,080 hours per year and twentywith hourly rates rounded to the nearest cent. The payment of compensation shall be calculated to the nearest one-six fourth (261/4) equal pay periodshour.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding