"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.
40 ILCS 5/8-235
Basis of actual compensation
Laws 1963, p. 161.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.