Calculation of Overtime Pay Clause Samples

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Calculation of Overtime Pay. Whenever the payment of overtime is required or authorized under any of the terms or provisions of this Agreement, such payment shall be made at one and one half (1½) times the appropriate straight-time rate of pay for each classification of employee receiving such pay consistent with Rule 9 of this Agreement.
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Calculation of Overtime Pay. Only hours actually worked shall be considered in computing overtime pay. If under the provisions of this Agreement two or more premium rates (e.g., time and one-half or double time) are applicable to the same hours worked, only one, the higher, shall be paid. Overtime shall not be paid twice for the same hours worked. Overtime due on a weekly basis shall be computed without counting overtime hours on a daily basis. Premium hours paid for Sunday, Saturday and holiday work shall be counted in computing overtime hours on a weekly basis if these premium hours are scheduled as part of the employees' regular workweek. Premium hours worked on Sundays, holidays and Saturdays shall not be counted in computing weekly overtime hours if the premium hours are not scheduled as part of the employees' regular workweek.
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Calculation of Overtime Pay. Overtime pay will equal one and one-half (1 1/2) times an employee's regular rate of pay calculated by dividing the employee's annual salary by 2,080 hours.
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Related to Calculation of Overtime Pay

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty

  • Allocation of Overtime Subject to the operational requirements of the service, the Employer shall make every reasonable effort: (a) to allocate overtime work on a fair and equitable basis among readily available and qualified employees; and (b) where overtime is predictable, employees shall be provided with a minimum of four (4) hours notice.

  • Payment of Overtime For the purposes of calculating overtime payments, each day or shift will stand-alone.

  • Definition of Overtime All time worked in excess of forty (40) hours during any one (1) week shall be considered overtime. All overtime must be properly authorized by the Employer.