Adjustment allowance Sample Clauses

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Adjustment allowance. Adjustment allowance for shift work or shifted hours of work
Adjustment allowance. 1 For all forms of shift work and shifted working hours resulting in a supplementary shift work allowance of more than 5% of the salary, an adjustment allowance is effective in the event that this compensation terminates as a result of changes in shift work or shifted working hours due to organizational reasons or, because the employee is declared medically unfit for the relevant shift work or shifted working hours or, on social grounds recognized by the employer which make it impossible for the employee to be engaged in shift work or shifted working hours. This adjustment allowance is also applicable if a decrease in compensation of more than 5% of the salary arises due to one of the aforementioned reasons. However, it is only applicable inasmuch as this decrease is not the result of replacing the cash compensation by compensation in time-off. 2 The following table shows how the duration of the adjustment allowance is coupled to the tenor of the compensation and also shows the amount of the adjustment allowance in percentages of the compensation or decrease thereof. According to this calculation, the amount of the adjustment allowance is determined when the compensation in the 12 months prior to termination or decrease thereof, was the average amount received throughout the period in which the compensation was effective. For a shift work allowance the adjustment allowance in percentages during 4 lasting consecutive periods (in months) amount to: from to 80% 60% 40% 20% of the shift work allowance 1/2 year 3/4 year 1 1 1 1 month 3/4 year 1 year 2 2 2 2 months 1 year 2 years 3 3 3 3 months 2 years 3 years 4 4 4 4 months 3 years 4 years 5 5 5 5 months 4 years 5 years 6 6 6 6 months 5 years 6 years 7 7 7 7 months 6 years 7 years 8 8 8 8 months 7 years 8 years 9 9 9 9 months 8 years 9 years 10 10 10 10 months 9 years 10 years 11 11 11 11 months 10 years 15 years 12 12 12 12 months 15 years 20 years 15 15 15 15 months 20 years or longer 18 18 18 18 months 3 An employee of 60 years and older, who has for ten years or more been receiving shift work compensation by virtue of this Article, is entitled to receive an adjustment allowance equal to this compensation, which will remain unchanged up to the date of retirement. If the employee reaches the age of 60 during the adjustment allowance period resulting from a shift work compensation received over a period of 10 years or more, then the adjustment allowance in force on the 60th birthday will remain effective up to...
Adjustment allowance. 1 For all forms of shiftwork and shifted working hours resulting in a supplementary shiftwork allowance of more than 5% of the salary, an adjustment allowance is effective in the event that this compensation terminates as a result of changes in shiftwork or shifted working hours due to organizational reasons or, because the employee is declared medically unfit for the relevant shiftwork or shifted working hours or, on social grounds recognized by the employer which make it impossible for the employee to be engaged in shiftwork or shifted working hours. This adjustment allowance is also applicable if a decrease in compensation of more than 5% of the salary arises due to one of the aforementioned reasons. However, it is only applicable inasmuch as this decrease is not the result of replacing the cash compensation by compensation in time-off. 2 The following table shows how the duration of the adjustment allowance is coupled to the tenor of the compensation and also shows the amount of the adjustment allowance in percentages of the compensation or decrease thereof. According to this calculation, the amount of the adjustment allowance is determined when the compensation in the 12 months prior to termination or decrease thereof, was the average amount received throughout the period in which the compensation was effective. For a shiftwork allowance the adjustment allowance in percentages during 4 lasting consecutive periods (in months) amount to: from to 80% 60% 40% 20% of the shiftwork allowance

Related to Adjustment allowance

  • Shift Allowance In addition to the wage specified in sub-clause (1), read with sub- clause (12), a normal shift worker shall, in respect of his shift hours worked in any week, be paid an additional 12,5% on such wage.

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement."