Calculation of Overtime. (i) For the purpose of calculating the hourly rate, an employee's monthly rate shall be divided by one hundred and fifty-two (152). (ii) Should the hourly rate arrived at result in a fraction of one cent (1 cent), it shall be taken to the next highest full cent.
Appears in 16 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement
Calculation of Overtime. (i1) For the purpose of calculating the hourly rate, an employee's monthly rate shall be divided by one hundred and fifty-two (152).
(ii2) Should the hourly rate arrived at result in a fraction of one cent (1 cent), it shall be taken to the next highest full cent.
Appears in 1 contract
Sources: Collective Agreement
Calculation of Overtime. (ia) For the purpose of calculating the hourly rate, an employee's monthly rate shall be divided by one hundred and fifty-two (152).
(iib) Should the hourly rate arrived at result in a fraction of one cent (1 cent), it shall be taken to the next highest full cent.
Appears in 1 contract
Sources: Collective Agreement