Common use of Derivation of Bi-Weekly and Monthly Rates Clause in Contracts

Derivation of Bi-Weekly and Monthly Rates. a) The hourly rates set forth in Schedules “A”, “B”, “C” & “D” shall be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: hourly rate x bi-weekly hours = bi-weekly rate (taken to two decimal places) = monthly rate (taken to the bi-weekly rate x 26.089 nearest dollar) b) Where Inside employees have a normal work week that is different than thirty- five (35) hours per week, they shall be paid their hourly rate multiplied by the number of hours worked.

Derivation of Bi-Weekly and Monthly Rates. a) The hourly rates set forth in Schedules “A”, “B”, “C” B & “D” shall C will be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: hourly rate x bi-weekly hours = bi-weekly rate (taken to two (2) decimal places) bi-weekly rate x 26.089 = monthly rate (taken to the bi-weekly rate x 26.089 nearest dollar) b) Where Inside employees have a normal work week that is different than thirty- five (35) hours per week, they shall will be paid their hourly rate multiplied by the number of hours worked.

Derivation of Bi-Weekly and Monthly Rates. a) The hourly rates set forth in Schedules “A”, “B”, “C” & “D” shall be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: hourly rate x bi-weekly hours = bi-weekly rate (taken to two decimal places) bi-weekly rate x 26.089 = monthly rate (taken to the bi-weekly rate x 26.089 nearest dollar)) 12 b) Where Inside employees have a normal work week that is different than thirty- five (35) hours per week, they shall be paid their hourly rate multiplied by the number of hours worked.