Overtime and premia rate payments Clause Samples

Overtime and premia rate payments. All overtime to be worked must be authorised by the appropriate senior manager prior to commencement of the overtime. Overtime is paid for any hours worked in excess of 36 hours per week. Monday – Saturday – Time-and-a-half for hours worked over 36 hours per week. Sunday and Public and Extra Statutory Holidays - Double time for hours worked over 36 hours per week (min 2 hours). Rate A SO1/2 £19.18 Rate B PO1 – PO3 £20.54 Rate C PO4 – P06 (and above in ▇▇▇▇▇▇▇) £22.29 Rate A and B should be equivalent to at least plain time rate for the additional hours worked. 5.4.1. Part-time employees Full-time worker Part-time worker 5.4.2. Normal working hours on a public holiday
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Related to Overtime and premia rate payments

  • Interest Rate Payments Subject to Holder's right to charge the Default Rate (as hereinafter defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: (a) Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate (as defined in Exhibit A). For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a twelve (12) month calendar year applied to the actual number of months funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. (b) Interest and principal over the term of the Note shall be due and payable monthly in accordance with the Payment Schedule set forth in Exhibit F. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty. (c) The entire outstanding Obligations (as hereinafter defined) shall be due and payable in full on the Maturity Date (as defined in Exhibit A) or such earlier date resulting from acceleration by Holder of the Obligations due hereunder following an Event of Default (the “Maturity Date”).

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such ▇▇▇▇, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

  • Overtime Payments Full-time and Part-time Employees

  • Separate Payments Each installment payment required under this Agreement shall be considered a separate payment for purposes of Section 409A.