Common use of Wages and Allowances Clause in Contracts

Wages and Allowances. In recognition of the changes and flexibilities agreed to by the parties the following shall be available to all employees covered by this agreement: (a) All existing employees will receive a 5% increase to their all-purpose base pay rate (as per Appendix A) to apply from the beginning of the first full pay period commencing on or after the the 1st October 2003. and second 5% pay increment will apply 12 months thereafter, and a third 5% increment twenty-four months after that date. (b) The rates as set out in Appendix A shall be the minimum rates applicable under this Agreement. These increases are the only increases allowable. The union undertakes that it will make no further claims in respect to these or other wage or allowance matters during the period of this agreement.