Illinois Compiled Statutes 40 ILCS 5/8-235 – Basis of actual compensation
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“Actual Compensation” of any employee whose actual compensation (as defined herein) is arranged upon other than a yearly basis shall be determined by the following schedule:
Monthly basis:–12 times the amount of actual compensation per month.
Weekly basis:–52 times the amount of actual compensation per week.
Daily basis:–300 times the amount of actual compensation per day.
Hourly basis:–2400 times the amount of actual compensation per hour.
Monthly basis:–12 times the amount of actual compensation per month.
Terms Used In Illinois Compiled Statutes 40 ILCS 5/8-235
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
Weekly basis:–52 times the amount of actual compensation per week.
Daily basis:–300 times the amount of actual compensation per day.
Hourly basis:–2400 times the amount of actual compensation per hour.