Settlement Allowance. Settlement allowance shall be based on ten thousand one hundred dollars ($10,100) per year. This allowance shall be divided by 2080 for employees whose normal hours of work are eight (8) per day; and by 1950 for employees whose normal hours of work are seven and one-half (7½) per day. This allowance shall be paid on an hourly basis for all regular hours worked. It shall be paid bi-weekly.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Settlement Allowance. 47.01 A settlement allowance of nine thousand and forty six dollars ($9,046) shall be paid to all full-time, part-time and casual employees. Settlement allowance shall be based on ten thousand one hundred dollars ($10,100) per yearpaid as an hourly rate, up to the maximum of the normal weekly hours of work. This allowance The hourly rate shall be divided calculated by 2080 for employees whose normal hours of work are eight (8) per day; and dividing the annual rate by 1950 for employees whose normal hours of work are seven and one-half (7½) per day1956. This Settlement allowance shall be paid on an hourly basis for all regular hours worked. It shall be paid bi-weeklyeach employee's pay cheque.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Settlement Allowance. Settlement allowance will be paid to all Employees at an hourly rate calculated by dividing the annual amount of Settlement Allowance eight thousand five hundred and fifty dollars ($8,550) by hours. The resulting hourly amount of settlement allowance shall be based on ten thousand one hundred dollars ($10,100) per yearpaid to employees for all regular straight-time hours worked. This allowance shall be divided by 2080 for employees whose normal hours of work are eight (8) per day; and by 1950 for employees whose normal hours of work are seven and one-half (7½) per day. This Such allowance shall be paid on an hourly basis for all the employees regular hours workedpay cheque. It The amount of settlement allowance shall be paid bi-weeklyclearly identified on the employees pay stub.
Appears in 1 contract
Sources: Collective Agreement
Settlement Allowance. Settlement allowance shall be based on ten nine thousand one two hundred dollars ($10,1009200) per year. This allowance shall be divided by 2080 for employees whose normal hours of work are eight (8) per day; and by 1950 for employees whose normal hours of work are seven and one-half (7½) per day. This allowance shall be paid on an hourly basis for all regular hours worked. It shall be paid bi-weekly.Effective April settlement allowance shall be based on nine thousand five hundred dollars ($9500) per year.
Appears in 1 contract
Sources: Collective Agreement