Common use of Tool and Tool Insurance Allowance Clause in Contracts

Tool and Tool Insurance Allowance. (1) (i) Effective July 16th, 2019, the Employer agrees to pay a Tool and Tool Insurance Allowance of FOUR HUNDRED AND SIXTY DOLLARS AND TWENTY CENTS ($460.20) per annum (calendar year) to each of Permanent Full Time Employee permanently classified as: Body Shop Lead Hand, Licenced Electrician, Auto Body Repairer, Licenced Welder/Fitter/Fabricator, Plants Serviceperson, Maintenance Operator (Electrician/Instrument Technician), Instrument Technician, Maintenance Operator (Mechanical) and Maintenace Operator (Diesel). Effective April 1st, 2020, this Allowance will be increased to FOUR HUNDRED AND SIXTY-EIGHT DOLLARS AND TWO CENTS ($468.02) per annum (calendar year). Effective April 1st, 2021, this amount will increase to FOUR HUNDRED AND SEVENTY-FIVE DOLLARS AND FIFTY-ONE CENTS ($475.51) per annum (calendar year). Effective April 1st, 2022, this amount will increase to FOUR HUNDRED AND EIGHTY-TWO DOLLARS AND SIXTY-FOUR CENTS ($482.64) per annum (calendar year).

Appears in 3 contracts

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