Overtime premium definition

Overtime premium means the difference between the contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime. It does not include shift premium, i.e., the difference between the con- tractor's regular rate of pay to an employee and the higher rate paid for extra-pay-shift work.
Sample 1Sample 2Sample 3
Overtime premium means cash paid by Delphi for the overtime premium, pursuant to the applicable collective bargaining agreement, to hourly employees for the time period included in calculating the Labor Cost Amount.
Sample 1Sample 2Sample 3
Overtime premium means the difference between the Contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime.
Sample 1Sample 2Sample 3

Examples of Overtime premium in a sentence

  • Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal work week and also as hours for which the overtime premium is paid.

  • Overtime premium will not be duplicated for the same hours worked under Article 13.01 (a) and (c) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium will not be duplicated for the same hours worked under Article (a) and nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium authorized per FAR 52.222-2 will not be considered a CO determination of overtime reasonableness or cost allowability.

  • Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal workweek and also as hours for which the overtime premium is paid.

  • Overtime premium shall not be pyramided, compounded or paid twice for the same time worked.

  • Overtime premium will not be duplicated for the same hours worked under Article (a) nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Overtime premium pay may be treated as indirect expense or as a direct charge when it is the contractor's regularly established policy and when appropriate tests clearly demonstrate that this policy results in equitable cost allocations.

  • Overtime premium will not be duplicated for the same hours worked nor shall there be any pyramiding with respect to any other premiums payable under the provisions of this Collective Agreement.

  • Difference between measurements of background concentrations before and after the test runs should not be more than 10% of limit concentration.


More Definitions of Overtime premium

Overtime premium means the difference between the contractor’s regular rate of pay to an employee for the shift involved and the higher rate paid for overtime. It does not include shift premium, i.e., the difference between the con-
Sample 1Sample 2Sample 3
Overtime premium means cash paid by Delphi for the overtime premium, pursuant to the applicable collective bargaining agreement, to hourly employees for the time period included in calculating the Labor Cost Amount. Section 1.154 “Paid Pre-Effective Date Subsidy” shall have the meaning ascribed to such term in section 4.01(b)(i) of this Agreement. Section 1.155 “Party” or “Parties” shall have the meanings ascribed to such terms in the Preamble of this Agreement. Section 1.156 “PAYGO Health Care” shall mean health care accrual expenses related to Delphi’s applicable collective bargaining agreements, during the time period included in calculating the Labor Cost Amount for hourly employees. MRA-18
Sample 1
Overtime premium means the difference between the contractor's regular rate of pay
Sample 1

Related to Overtime premium

  • Overtime means work performed by a full-time employee in excess or outside of their regularly scheduled hours of work.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.