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How is overtime calculated for V-Class, Part-Time Employees?

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How is overtime calculated for V-Class, Part-Time Employees?

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V-class part-time employees shall be paid or receive compensatory time off at the straight-time rate for all hours worked in excess of their appointment percentage, up to 40 hours. They will be paid at one and a half times (hourly rate of pay or in comp time off) for all work over 40 hours in a week.

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