OVERTIME AND ADDITIONAL COMPENSATION Clause Samples

The OVERTIME AND ADDITIONAL COMPENSATION clause defines the rules and conditions under which employees are entitled to receive extra pay for hours worked beyond their standard schedule. Typically, this clause outlines the threshold for overtime (such as hours worked over 40 in a week), the applicable overtime pay rate (often time-and-a-half), and may address compensation for work performed on holidays or weekends. Its core practical function is to ensure employees are fairly compensated for extra work and to provide clear guidelines for employers, thereby reducing disputes over pay and compliance with labor laws.
OVERTIME AND ADDITIONAL COMPENSATION. 9 Section 6.1 – Overtime 9 Section 6.2 – Compensatory Time 10
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OVERTIME AND ADDITIONAL COMPENSATION a) If the employee will receive overtime compensation, choose this option and list how much will be paid and describe what frequency constitutes overtime. b) Choose this option if the employee will not receive overtime pay. Be sure to check federal and state laws to determine whether or not overtime is mandatory in your situation. c) Choose this option and explain any commission received for services rendered under this agreement. d) Choose this option and explain any other commissions received for services rendered under this agreement. An example of where to include overtime and additional compensation details in our employment contract template. Step 5 – Expenses and Work Location a) Check if the employer will reimburse an employee for the expense(s). b) Check all expenses that the employer will reimburse the employee for. c) List the full address where the employee will perform their duties under this agreement. d) List the required work days and hours. b) Choose this option to default to state and local law requirements for paid time off. c) This option lists a certain number of paid sick days allowed. d) Choose this option if the employee is not provided any sick leave. e) This option lists a certain number of paid personal days allowed. f) Choose this option if employees are not provided paid personal leave days. g) List any other benefits provided. h) Check if there is an employee handbook to refer to that will provide additional information about the employer’s leave policy. Where to detail time off information in our employment contract template. Step 7 – Disability a) List how many days that employee cannot perform their duties that constitute consideration for disability benefits. b) Specify the amount of compensation due to the employee. A screenshot of where to detail disability details in our employment contract template. Step 8 – Non-Compete and Confidentiality a) Initial here if you want to include this clause. Otherwise, cross it out. b) Choose if the non-compete will remain in force for the entirety of the employment agreement and will end when the agreement is terminated or if the non-compete will stay in power beyond the termination of employment and list how many months it will be will remain in force beyond termination. c) Check which activities are prohibited by the non- compete. d) Choose this option if the employee is not exposed to sensitive information unknown to the general public.
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Related to OVERTIME AND ADDITIONAL COMPENSATION

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.