It is a trip rig at 4.95 to 1. This means that for every 4.95 hours you are on your trip, you will get 1 hour of pay. The exception to this rule is that if you actually flew a lot during the trip and your flight time was more than the rig amount, you will be paid on flight pay rather than rig pay.
In a full 24 hour period you would bring in 4.85 (24 / 4.95) hours of pay if the Trip Rig is the active pay component in your month of pay.
As stated above, this Trip Rig almost always is the way a pilot gets paid at Atlas / Southern. In turn, this means that a day where you fly a 12 hour flight will only pay 4.85 and a day in the hotel on reserve also pays 4.85.
Since it is calculated on a minute by minute basis, your first and last day of the trip is only a partial day of pay (much less than 4.85). Trip Rig also stops running when you get sick on a trip and it stops running when you have training.
In turn, months when you get sick, have training, or have vacation almost always pay just 62 hours.