WAGE AND BENEFIT PACKAGE Clause Samples

WAGE AND BENEFIT PACKAGE. (a) Effective retroactively to April 1, 2016, the straight-time wage and benefit rates for employees covered by this Agreement are those set forth in Appendices A, B, C, D, and E, depending on the county in which the work is performed. The wage and fringe benefit rates from skill level F-4 through Journeyperson Finisher (skill level F-6) constitute a separate, independent schedule for all purposes involving Finishers, such as prevailing wages and apprenticeship standards and the skill level F-6 wages and benefits constitute 100% of the Journeyperson Finisher’s wages and benefits. Wage increase payments and contributions retroactive to April 1, 2016 shall be made on or before August 15, 2016. (b) The allocation of the negotiated labor cost increases to wages and /or benefits, and the breakdown of the increases below the Journeyperson levels, scheduled for April 1, 2017 and subsequent anniversary dates must be referred to the Joint Arbitration Board for decision, it being understood that (a) the allocations to wages and fringes tentatively agreed to by the bargaining parties shall be subject to further discussion between those parties based on changed circumstances, and (b) the breakdown below the Journeyperson levels of the increase that went into effect as of April 1, 2016 shall not constitute a binding precedent. Any money reallocated from the tentative allocations to Health & Welfare, JATC, or LMCC in the second and third years shall be reallocated to wages, unless the Parties agree otherwise. All other disputes among the Labor and Management parties to the Joint Arbitration Board over the allocation of the negotiated increases or the breakdown of the increases below the Journeyperson levels shall be referred to final and binding interest arbitration in accordance with Article IV. The Joint Arbitration Board shall (c) Pursuant to the previously-obtained approval of the Union’s membership, twenty-five cents ($0.25) of the taxable hourly wage shall continue to be deducted and paid into the Organizing Fund between April 1 and September 30, 2016. Prior to September 30, 2016, the Union shall report to the Association regarding the activities to which the Organizing Fund has been devoted, and the parties will meet and confer in good faith regarding further extension of the Organizing Fund wage deduction, which shall not continue beyond September 30, 2016 unless the parties so agree. If the Organizing Fund wage deduction terminates at any time, the twenty-five ...
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WAGE AND BENEFIT PACKAGE. Effective April 1, 2007, the straight-time wage and benefit rates for employees covered by this Agreement are those set forth in Appendices A, B, C, D, and E , depending on the county in which the work is performed. The wage and fringe benefit rates from skill level F3 through Journeyperson Finisher (skill level F-6) constitute a separate, independent schedule for all purposes involving Finishers, such as prevailing wages and apprenticeship standards and the skill level F-6 wages and benefits constitute 100% of the Journeyperson Finisher’s wages and benefits. The allocation of the negotiated labor cost increases to wages and /or benefits scheduled for April 1, 2007 and subsequent anniversary dates must be referred to the Joint Arbitration Board for decision. In the event that the Labor and Management parties of the Joint Arbitration Board are unable to agree on the allocation of the negotiated increases, the dispute shall be referred to final and binding interest arbitration in accordance with Article IV.
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WAGE AND BENEFIT PACKAGE. (a) Effective retroactively to April 1, 2022, the straight-time wage and benefit rates for employees covered by this Agreement are those set forth in Appendices A, B, C, D, and E, depending on the county in which the work is performed. The wage and fringe benefit rates from skill level F-4 through Journeyperson Finisher (skill level F-6) constitute a separate, independent schedule for all purposes involving Finishers, such as prevailing wages and apprenticeship standards and the skill level F-6 wages and benefits constitute 100% of the Journeyperson Finisher’s wages and benefits. Wage and fringe benefit contribution increases shall be retroactive to April 1, 2022. (b) The allocation of the negotiated labor cost increases to wages and /or benefits, and the breakdown of the increases below the Journeyperson levels, scheduled for April 1, 2022 and subsequent anniversary dates must be referred to the Joint Arbitration Board for decision, it being understood that (a) the allocations to wages and fringes tentatively agreed to by the bargaining parties shall be subject to further discussion between those parties based on changed circumstances, and (b) the breakdown below the Journeyperson levels of the increase that went into effect as of April 1, 2022 shall not constitute a binding precedent. Any money reallocated from the tentative allocations to Health & Welfare, JATC, or LMCC in the second years shall be reallocated to wages, unless the Parties agree otherwise. All other disputes among the Labor and Management parties to the Joint Arbitration Board over the allocation of the negotiated increases or the breakdown of the increases below the Journeyperson levels shall be referred to final and binding interest arbitration in accordance with Article IV. The Joint Arbitration Board shall meet to discuss these issues no later than early January preceding the second and third [etc.] years of any multi-year collective bargaining agreement, so that agreement can be reached and the results transmitted to the State of California for prevailing wage purposes on or before February 1 of each such year. (c) It is agreed by the parties hereto that whenever the prevailing wage/fringe package as established by the State or Federal Government for a particular public works project is lower than the wage/fringe package set forth in this Agreement, the Employer may pay the prevailing wage/fringe established by the State or Federal Government to all employees on that public works pr...
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Related to WAGE AND BENEFIT PACKAGE

  • PAY, HOURS AND BENEFITS A. WAGES

  • Synopsis and Benefit to ▇▇▇▇▇▇▇ County ▇▇▇▇▇▇▇ County has been working with the State of Oregon, Department of Corrections, for several years to provide correctional services for the supervision of cases resulting from Senate Bill 1145. ▇▇▇▇▇▇▇ County is assigned responsibility for all justice-involved individuals on probation, parole, post-prison supervision, and those justice-involved individuals sentenced or revoked for periods of one year or less, and who are on conditional release to the County. The State reimburses the County for expenses associated with housing and supervision of these individuals through Community Corrections Act funding, provided through this Agreement.

  • Salary and Benefits (a) During the period from the date of delivery of a Termination Notice (the “Notice Date”) until the earlier of (i) the date twelve (12) months after the Notice Date, or (ii) the date the Executive commences employment with another company or organization, it being agreed that the Executive shall immediately notify the Company of such event (the “Severance Period”), and so long as the Executive is in compliance with the terms of this Agreement and any material provision of any other written agreement with the Company, the Company shall (A) pay to the Executive, per normal payroll practice, a salary (the “Severance Period Salary”) at a rate equal, on an annualized basis, to the highest annual salary (excluding any bonuses) in effect with respect to the Executive during the six month period immediately preceding the Termination Notice and (B) provide the Executive with employee benefits, including health insurance, dental insurance, life insurance, participation in the Company’s 401(k) plan and Employee Stock Purchase Plan and short-term and long-term disability coverage, pursuant to the same terms and conditions under which the Company makes such benefits available to employees generally, all subject to the terms and conditions of the respective plans and applicable law (collectively, the “Severance Period Benefits”). (b) In the event that (i) there is a Change in Control (as defined below) of the Company and (ii) within twelve (12) months thereafter, a Change in Status (as defined below) of the Executive occurs, and so long as the Executive is in compliance with the terms of this Agreement and any material provision of any other written agreement with the Company, the Company shall pay the Severance Period Salary and provide the Severance Period Benefits to the Executive during the period from the effective date of the Change in Status until the earlier of (i) the date twelve (12) months after such date or (ii) the date the Executive commences employment with another company or organization, it being agreed that the Executive shall immediately notify the Company of such event. Such compensation and benefits, and those provided under Section 3, shall be in lieu of any other compensation and benefits to the Executive with respect to any continuing employment during such period, and the Company shall have no obligation to make any payments or provide any benefits to the Executive under Section 2(a) above.

  • Separation Payments and Benefits Provided that Executive: (x) executes this Agreement and returns a copy of this Agreement that has been executed by Executive to the Company so that it is received by Cameron Turtle, Chief Operating Officer, 221 Crescent Street, Built 17, Suite 102B, Waltham, MA 02453 (email: ) no later than 5:00 pm CT on September 22, 2023; (y) does not revoke this Agreement during the Release Revocation Period (as defined below); and (z) remains in compliance with the other terms and conditions set forth in this Agreement (including under Section 5), Executive shall receive the following separation payments and benefits: (a) the Company shall pay to Executive aggregate severance payments of $623,000 (the “Severance Amount”), which Severance Amount shall be paid through salary continuation in equal installments in accordance with the Company’s standard payroll procedures, with the initial payment to occur on the first payroll date following the 60th day following the Separation Date, with the first installment to include a catchup payment for amounts covering the period from the date of Separation Date through the first payment date; (b) if Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the Severance Period (as defined in the Severance Agreement); (c) the Company shall pay to Executive a lump sum payment of $168,246.58 (the “Retention Bonus”) in accordance with the terms of that certain Incentive Agreement between Executive and the Company dated June 21, 2023 (the “Incentive Agreement”), which Retention Bonus shall be paid following the expiration of the Release Revocation Period but in no event later than December 31, 2023; (d) effective as of the last day of the Consulting Period, all unvested Options scheduled to vest within the 12-month period following the last day of the Consulting Period shall immediately become fully vested and exercisable; (e) all vested Options (after giving effect to Section 2(d) and Section 5(c)) will remain outstanding for six months following the last day of the Consulting Period and may be exercised during such period in accordance with the terms of the Award Agreements; and (f) in the event that any sale, licensing, disposition, or monetization transaction or multiple transactions relating to pegtarviliase or any of the Company’s legacy development-stage assets is consummated prior to June 23, 2024, then, and only then, the Company will pay to Executive a cash bonus equal to: (i) 1.0% of the value of the upfront consideration received by the Company in such transactions, plus (ii) 0.5% of the risk-adjusted net present value of the contingent consideration payable to the Company in such transactions, in each case, to be paid within 30 days of the end of the calendar quarter in which such transaction is consummated, in each case, in accordance the parameters established by the Compensation Committee of the Board of Directors of the Company on August 1, 2023. Executive acknowledges and agrees that the consideration referenced in this Section 2 represents the entirety of the amounts Executive is eligible to receive as severance pay and benefits from the Company or any other Company Party pursuant to the Severance Agreement and otherwise.

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive through and including the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by Section 10 below or to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.