definiens: shall mean, with respect to a person, the equivalent of the work of one ( 1 ) employee full time for one ( 1 ) year ( consisting of at least [ * * * * * ] working hours per year ( with no further reductions for vacations and holidays ) ) . Overtime, and work on weekends, holidays and the like will not be counted with any multiplier ( e.g., time -and - a - half or d ouble time ) toward the number of hours that are used to calculate the FTE contribution . The portion of a FTE billable by [COMPANY] or [COMPANY] for one ( 1 ) individual during a given accounting period shall be determined by dividing the number of hours worked by said individual on the work to be conducted under the Agreement during such accounting period and the number of FTE hours applicable for such accounting period based on [ * * * * * ] working hours per calendar year . For clarity, no individual person can ever co nstitute more than a single FTE