Rate of Pay for Clause Samples

The 'Rate of Pay for' clause defines the specific amount or method by which an employee or contractor will be compensated for their work. This clause typically outlines whether payment is hourly, salaried, or based on another metric, and may include details such as overtime rates, bonuses, or commission structures. Its core practical function is to ensure both parties have a clear, mutual understanding of compensation terms, thereby preventing disputes over payment and establishing financial expectations from the outset.
Rate of Pay for. Sick Leave Used to Cover Missed Overtime - An employee may use paid leave for scheduled mandatory overtime shifts missed due to eligible sick leave reasons. Payment for the missed shifts shall be at the straight-time rate of pay the employee would have earned had he or she worked. An employee may not use paid sick leave for missed voluntary overtime shifts, which is scheduled work that the employee elected or agreed to add to his or her schedule.
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Rate of Pay for. Paid Time Off. PTO shall be paid at one hundred percent (100%) of the employee’s current regular straight time hourly rate at the time the PTO is taken.
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Rate of Pay for. Annual Leave Annual leave shall be paid at the ordinary weekly wage rate for ordinary hours. At the employee’s discretion this may be paid to the employee either immediately prior to the leave or at the normal weekly pay periods during the leave.
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Rate of Pay for. Job Performed
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Related to Rate of Pay for

  • Rate of Pay a. An Employee who is employed as a TTOC shall be paid 1/189 of their category classification and experience, to a maximum of the rate at Category 5 Step 8, for each full day worked.

  • Rate of Payment Community service leave for voluntary community service is granted with pay for the first three days leave in a twelve month period to all employees except casual employees.

  • Rate of Pay on Promotion 44.3.1 When an employee is appointed by the Council to a higher classification level in the same group, he shall be paid at the nearest rate in the new classification level which gives the employee a salary increase not less than the minimum increment of the higher classification level to which he is being appointed by the Council. If there is no such rate the employee shall be paid the maximum rate in his new scale. 44.3.2 Where an employee who is being paid Acting Pay is promoted to the position for which the employee is receiving Acting Pay, he shall be paid in that position at the rate at which the employee was being paid Acting Pay and the employee's first pay increment in that position shall become due on the date on which it would have become due as if the employee had been promoted to that position on the date on which he was most recently authorized to receive Acting Pay in that position.

  • Regular Rate of Pay The regular rate of pay shall be defined to include the employee's hourly wage rate (including the wage premium in lieu of benefits, if applicable), plus shift differential if the evening or night shift is a permanent assignment, certification pay, and lead pay when the employee has a regular (designated) lead assignment.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.