Common use of Rate Adjustment Clause in Contracts

Rate Adjustment. a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of their regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months they will be paid an adjusted rate which will be midway between the rate of their regular job at the time of the setback and the rate of their new regular job. At the end of this six (6) month period the rate of their new job will apply. However, such employee will have the option of terminating their employment and accepting severance pay as outlined in Section 3 below, providing they exercise this option within the above referred to six (6) month period. b) Following an application of a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority brought on by mechanization, technological change or automation they will receive the rate of their regular job at the time of the setback for a period of three (3) months and for a further three (3) months they will be paid an adjusted rate which will be midway between the rate of their regular job at the time of the setback and the rate of their new regular job. At the end of this six (6) month period the rate of their new regular job will apply.

Rate Adjustment. a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of their regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months they will be paid an adjusted rate which will be midway between the rate of their regular job at the time of the setback and the rate of their new regular job. At the end of this six (6) month period the rate of their new regular job will apply. However, such employee will have the option of terminating their employment and accepting severance pay as outlined in Section 3 below, providing they exercise exercises this option within the above referred to six (6) month period. b) . Following an application of a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority brought on by mechanization, technological change or automation they automation, will receive the rate of their regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months they will be paid an adjusted rate which will be midway between the rate of their regular job at the time of the setback and the rate of their new regular job. At the end of this six (6) month period the rate of their new regular job will apply.

Rate Adjustment. (a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of their his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months they he will be paid an adjusted rate which will be midway between the rate of their his regular job at the time of the setback and the rate of their his new regular job. At the end of this six (6) -month period the rate of their his new regular job will apply. However, such employee will have the option of terminating their his employment and accepting severance pay as outlined in Section 3 below, providing they exercise he exercises this option within the above referred to six (a 6) -month period. b) . Following an application of (a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority brought on by mechanization, technological change or automation they he will receive the rate of their his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months they he will be paid an adjusted rate which will be midway between the rate of their his regular job at the time of the setback and the rate of their his new regular job. At the end of this six (6) -month period the rate of their his new regular job will apply.