MINIMUM HOURLY RATES OF PAY. 5.01 Employees shall receive an hourly rate of pay for all time worked based on the length of employment under the scope of this Agreement and in accordance with the wage scales in Article 5.04. 5.02 The Company, at its discretion, may pay higher rates than the graduated scale, but not in excess of the maximum. 5.03 Scheduled advancement in pay within the salary scales established by this Agreement shall occur on the first day of the pay period following completion of service of each period as specified below. Scheduled advancement shall be retarded for absences without pay of greater than thirty (30) consecutive calendar days, excluding the first forty-one (41) weeks of Maternity or Child Care Leave, and shall be retarded for any period of layoff under Article 10.
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Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement