ANNUAL INCREMENT. (1) The Co-operative and the Union shall negotiate on the annual increment annually. The date of the annual increment shall be 1st April of every year. (2) The Co-operative and the Union agree to set aside up to 10% of the total basic salary as the monthly variable component (MVC).
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
ANNUAL INCREMENT. (1) The Co-operative Company and the Union shall negotiate on the annual increment annually. The date of the annual increment shall be 1st April July of every the following year.
(2) The Co-operative Company and the Union agree to set aside up to 10% of the total basic salary as the monthly variable component (MVC).
Appears in 1 contract
Samples: Collective Agreement
ANNUAL INCREMENT. (1) The Co-operative Company and the Union shall negotiate on the annual increment annually. The date of the annual increment shall be 1st April of every the following year.
(2) The Co-operative Company and the Union agree to set aside up to 10% of the total basic salary as the monthly variable component (MVC).
Appears in 1 contract
Samples: Collective Agreement
ANNUAL INCREMENT. (1) The Co-operative Company and the Union shall negotiate on the annual increment annually. The date of the annual increment shall be 1st April of every year.
(2) The Co-operative Company and the Union agree to set aside up to 10% of the total basic salary as the monthly variable component (MVC).
Appears in 1 contract
Samples: Collective Agreement
