Acting Premium Sample Clauses

Acting Premium. An employee at the ANS-TEC-1 classification level or above who is required by the Company to perform on an acting basis the duties of a higher position to which a higher rate of pay would apply, if appointed for a period of at least three (3) consecutive scheduled working days, shall be paid an acting premium, from the date on which he/she commenced to act, equal to the difference between the employee's current rate of pay and the rate of pay to which he/she would be entitled if he/she were appointed to the position. The acting premium will be recalculated as the result of any pay increment or any change to the range of rates in the employee's substantive position or any change to the range of rates in the higher position. While performing these duties, the employee remains in his/her substantive position for all purposes. An employee at the ANS-TEC-0 classification level may be permitted to act in an ANS-TEC-2 position subject to the following conditions: (a) no other ANS-TEC-1 at the location is available to act in the position; (b) the acting assignment is for no more than three (3) weeks; (c) the employee has at least one (1) year of service; (d) employee has experience outside of NAV CANADA to the degree he/she would be suitable to act in the higher level position, and; (e) advance notice has been provided to the Union;
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Acting Premium. An employee who is required by the Company to perform on an acting basis the duties of a higher position to which a higher rate of pay would apply, if appointed for a period of at least three (3) consecutive scheduled working days, shall be paid an acting premium, from the date on which he/she commenced to act, equal to the difference between the employee's current rate of pay and the rate of pay to which he/she would be entitled if he/she were appointed to the position. The acting premium will be recalculated as the result of any pay increment or any change to the range of rates in the employee's substantive position or any change to the range of rates in the higher position. While performing these duties, the employee remains in his/her substantive position for all purposes.
Acting Premium. An employee at the ANS-TEC-1 classification level or above who is required by the Company to perform on an acting basis the duties of a higher position to which a higher rate of pay would apply, if appointed for a period of at least three (3) consecutive scheduled working days, shall be paid an acting premium, from the date on which they commenced to act, equal to the difference between the employee's current rate of pay and the rate of pay to which they would be entitled if they were appointed to the position. The acting premium will be recalculated as the result of any pay increment or any change to the range of rates in the employee's substantive position or any change to the range of rates in the higher position. While performing these duties, the employee remains in their substantive position for all purposes. An employee at the ANS-TEC-0 classification level may be permitted to act in an ANS-TEC-2 position subject to the following conditions: (a) no other ANS-TEC-1 at the location is available to act in the position; (b) the acting assignment is for no more than three (3) weeks; (c) the employee has at least one (1) year of service; (d) the employee has experience outside of NAV CANADA to the degree they would be suitable to act in the higher level position, and; (e) advance notice has been provided to the Union;
Acting Premium. An employee who is required by the Employer to perform on an acting basis the duties of a higher position to which a higher rate of pay would apply, if appointed for a period of at least three (3) consecutive scheduled working days, shall be paid an acting premium, from the date on which he/she commenced to act, equal to the difference between the employee's current rate of pay and the rate of pay to which he/she would be entitled if he/she were appointed to the position. The acting premium will be recalculated as the result of any pay increment or any change to the range of rates in the employee's substantive position or any change to the range of rates in the higher position. While performing these duties, the employee remains in his/her substantive position for all purposes. An employee acting two levels above his/her substantive position who is eligible for acting pay shall receive no less than he/she would have received if eligible for acting pay one (1) level above his/her substantive position.
Acting Premium. An employee who is required by the Employer to perform on an acting basis the duties of a higher position to which a higher rate of pay would apply, if appointed for a period of at least three (3) consecutive scheduled working days for a non- operating employee or at least three (3) consecutive scheduled working days for an operating employee, shall be paid an acting premium, from the date on which he/she commenced to act, equal to the difference between the employee’s current rate of pay and the rate of pay to which he/she would be entitled if he/she were appointed to the position. The acting premium will be recalculated as the result of any pay increment or any change to the range of rates in the employee’s substantive position or any change to the range of rates in the higher position. While performing these duties, the employee remains in his/her substantive position for all purposes.

Related to Acting Premium

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

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