RATES DEFINED. 1. For purposes of this Section, hourly rate shall be defined as follows: a. For employees working a 40-hour workweek, the hourly rate shall be the biweekly rate divided by 80. b. For employees assigned to the alternate biweekly work schedule defined in subsection 7.K., the hourly rate shall be defined as the biweekly rate shown in Appendix "A" divided by 80. 2. For purposes of this Section, the Fair Labor Standards Act regular rate shall be defined as follows: An employee's regular rate shall include in addition to his/her hourly rate as defined above, any applicable salary ordinance footnote and any applicable premium payment pursuant to Sections 13, 15, 18, 20.A., 20.B., and 20.C. of this Memorandum of Understanding.
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Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding