Increase in average hourly earnings Sample Clauses

The 'Increase in average hourly earnings' clause sets out how adjustments to compensation are handled when there is a rise in the average hourly wage. Typically, this clause specifies the conditions under which wage rates must be reviewed and potentially increased, such as when government statistics or industry benchmarks indicate a general upward trend in earnings. Its core function is to ensure that employee pay remains competitive and fair in response to market changes, thereby addressing concerns about wage stagnation and helping to retain talent.
Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2019.
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Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2017. Agreement on adjustment of the terms and conditions of emplo- yment must be related to an event of the employer encountering a serious financial or sudden production crisis, which is jointly observed at the workplace during co-determination negotiations or in another context and whose effects – such as avoiding cutting jobs – can be prevented or limited with this measure. To safeguard the employer's operations and jobs, the employer and the chief shop ▇▇▇▇▇▇▇ can notwithstanding the minimum terms and conditions of the collective agreement locally agree on the adjustment of terms of employment concerning wages or other financial benefits, as agreed on below. Other financial be- nefits mean a Saturday bonus, Sunday bonus, shift work bonuses and working conditions bonuses, and the possibility to exchange the holiday for time off. An agreement is made to apply to an enterprise or a part thereof. The wage paid to a employee, however, may not be less than the employee's basic wage. However, the wage guarantee does not pertain to a situation where a postponement of the payment of full wages to a later date is agreed on. Any postponement of the payment date and sum of wages or another monetary item must occur within the framework of the pay security provisions. This provision does not restrict the mutual freedom of contract between the parties to an employment contract or the employer's unilateral right to adjust the terms of employment in line with the law and legal practice. Before any negotiations are launched at the workplace, they must be reported to the parties to the collective agreement. The parties are entitled to assistance from the unions' experts during the definition of the employer's financial difficulties or production-related crisis. The chief shop ▇▇▇▇▇▇▇ and any experts consulted must keep in confidence all information concerning the employer's financial position obtained during the negotiations,...
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Increase in average hourly earnings. When applying average hourly earnings after the wage increase takes effect, these earnings shall be increased in a manner that allows for the wage increase insofar as the said increase is not included in average hourly earnings. Section 3 Change in the personal pay component Section 4 Maintenance of wage structure
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Increase in average hourly earnings. When applying average hourly earnings after the wage increase takes effect, these earnings shall be increased in a manner that allows for the wage increase insofar as the said increase is not included in average hourly earnings. The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expires on 31 October 2013. The federations shall appoint the following working groups: • Training task force • Working group on the effectiveness of workforce representa- tion • Working group on workplace-specific trials • Working group on the system for determining terms and con- ditions of employment • Working group on representativity of the collective agree- ment • Wage regulations improvement working group • Working group on questions of working hours It was agreed that ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, Riku ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇ would scrutinise these minutes. In fidem: Manu Laapas Minutes inspected by: Signing minutes of the Collective Agreement The structure and appearance of the collective agreement has been revised with a view to greater clarity, brevity and simplic- ity, and to an improvement in layout. This revision does not alter the content of the collective agreement or established practices. The restructuring has involved a rearrangement of sections, with the new collective agreement divided into nine parts comprising chapters, paragraphs and subparagraphs. The national labour and employer confederation agreements previously appended to the collective agreement have been detached, with their regulations incorporated into the collective agreement to the extent required. The revised collective agreement will also be disseminated as an online version incorporating the appropriate features, and poten- tially in the form of an associated mobile application.
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Related to Increase in average hourly earnings

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.