Daily Rates for Monthly and Bi-Weekly Sample Clauses

The 'Daily Rates for Monthly and Bi-Weekly' clause defines how daily payment rates are calculated when services or work are typically billed on a monthly or bi-weekly basis. It specifies the method for determining a fair daily rate, such as dividing the total monthly or bi-weekly fee by the number of working days in the period, to address situations where services are provided for only part of a billing cycle. This clause ensures accurate and proportional compensation for partial periods, preventing disputes over payment amounts when full periods are not worked.
Daily Rates for Monthly and Bi-Weekly. 300. A day's pay shall be determined by dividing the number of work days in a normal work schedule in a monthly payroll period (including specified holidays) into the monthly salary established for the position, or the amount of a day's pay shall be 1/10th of the compensation of a normal work schedule in a bi-weekly period (including specified holidays).
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