Definitions for "Premium Pay"
Premium pay refers to amounts, other than compensation paid for overtime, which are paid to employees in designated positions in addition to the base rate/salary. They may include, but are not limited to, shift differential, weekend differential and on-call pay. Refer to The George Washington University Manual of Personnel Policies for the use of Supervisory Staff for definitive University guidelines on premium pay.
Additional compensation paid for work performed outside of regularly scheduled work hours.
Extra pay, beyond the base wage rate, for work performed outside or beyond regularly scheduled work periods.