Payment of Overtime For the purposes of calculating overtime payments, each day or shift will stand-alone.
Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.
Allocation of Overtime Subject to the operational requirements of the service, the Employer shall make every reasonable effort: (a) to allocate overtime work on a fair and equitable basis among readily available and qualified employees; and (b) where overtime is predictable, employees shall be provided with a minimum of four (4) hours notice.
Definition of Overtime All time worked in excess of forty (40) hours during any one (1) week shall be considered overtime. All overtime must be properly authorized by the Employer.
Daily Overtime All employees shall be paid the applicable overtime rate of time and one-half (1-1/2) for all time worked in excess of eight (8) hours per day.
