Common use of Standard Rates Clause in Contracts

Standard Rates. The standard basic daily rates of pay produced by application of the increases provided for in this Article are set forth in Appendix 1, which is a part of this Agreement. (a) The provided for in this Article will not apply to duplicate time payments, including arbitraries and special allowances that are expressed in time, miles or fixed amounts of money, but will apply to mileage rates of pay for miles run in excess of the number of miles comprising a basic day. (b) In engine service and in train and yard ground service, rates based upon hourly or daily rates of pay, as provided in the schedules or wage agreements, shall be adjusted in the same manner as heretofore increased under previous wage agreements. (c) In determining new hourly rates, fractions of a cent will be disposed of by applying the next higher quarter of a cent. (d) Daily earnings minima shall be changed by the amount of the respective daily adjustments. (e) Standard monthly rates and money monthly guarantees applicable in passenger train service shall be thirty times the standard daily rates. Other than standard monthly rates and money monthly guarantees shall be so adjusted that money differentials existing as of June 30,2002 shall be preserved. Existing monthly rates and money monthly guarantees applicable in train service other than passenger will be changed in the same proportion as the daily rate for the class of service involved is adjusted. Existing money differentials above existing standard daily rates shall be maintained.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement