DAY OF 20 ...............
360-Day Year Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Day Shift The standard work day will consist of eight (8) hours worked between the hours of 7:00 a.m. and 4:30 p.m. with a designated thirty (30) minute lunch period. Starting and stopping times to be determined by mutual agreement between the Company and the shop employees.
Holiday Falling on a Day of Rest (a) When a paid holiday falls on a regular full-time employee's day of rest, the employee shall be entitled to a day off with pay in lieu of the holiday. (b) If a regular full-time employee is called in to work on the day designated as the lieu day pursuant to (a) above, he/she shall be compensated at time and one-half for all hours worked.
Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.