Common use of Equivalent Hours Clause in Contracts

Equivalent Hours. Equivalent hours shall be construed to mean the actual number of 3 hours worked multiplied by the rate of overtime received. Example: An employee works 4 eight (8) hours of overtime at the rate of time and one-half (1 1/2); that employee shall be 5 credited with twelve (12) equivalent hours. 7 Equivalent hours shall also be construed as to mean the actual number of hours an 8 employee turns down multiplied by the rate of overtime that employee would have 9 received if he had worked the overtime hours offered. Example: If an employee turns 10 down eight (8) hours of overtime at the rate of double time (2X), that employee shall be 11 credited with sixteen (16) equivalent hours.