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TERMS <br />Effective January 1, 2021 <br />STRAIGHT TIME: <br />Straight time rates apply to the first (8) hours per day. <br />OVER TIME: <br />Over time rates apply to the time worked more than (8) hours per day, Monday through Friday, all day <br />Saturday, the first 8 hours on Sunday and oncall outs between (5PM-7AM). This rate will be charged at (1.5 <br />times) the straight time rate. <br />PREMIUM TIME: <br />Premium time rates apply to all time worked more than (12) hours per day, all hours past *8 on Sunday, the <br />holidays list by company's human resource department for their employees and on call outs between (5PM- <br />7AM) on Saturdays and Sundays. This rate will be charged at (2 times) thestraight time rate. * Based on <br />consecutive days as per labor Laws* <br />HOLIDAYS: <br />company holiday schedules for assigned staff. Holidays are billed at Premium Time rate of (2 times) the <br />straight time rate. <br />SHIFT DEFERENTIAL: <br />Day: 6:00 AM to 6:00 PM, rates equal to published rates. <br />Night: 6:00 PM. to 6:00 AM, rates equal to published rates plus 7.5 %. <br />CALL -OUT: <br />Minimum time: <br />4 hours <br />TRAVEL TIME FOR CALL -OUT: <br />All travel time is to be charged according to time conditions above. Travel time is to be paid from shop to job site <br />and back to shop. <br />TRAVEL TIME: <br />All travel time is to be charged according to the time conditions above. Travel time is to be from shop to job site <br />for Land jobs and portal to portal foroffshore jobs. <br />EXPENSES: <br />All expenses will be itemized and billed cost plus 15 %. <br />PER DIEM: <br />GSA listed Per Diem rates are utilized and apply to work facilities/locations beyond 50 miles of the ICS Main <br />Office for Land jobs and/or beyond50-miles off -shore assigned staff normal report to portal location. <br />