4.2.9 The overtime provisions of this Contract do not apply to time spent on professional development. If they want to continue to employ you at the end of a fixed-term contract, they must sign a new employment contract with you. 2.7.1 Any hours of work required by the employer of more than 40 hours of work or 8 hours per day or outside monday to Friday inclusive shall be considered overtime. The calculation shall be made on a daily basis and the remuneration for overtime shall be of a duration and a half or, by mutual agreement, an exemption may be taken instead of time. 3.2.1 This agreement sets minimum wage rates.