Annual statement and disbursement Sample Clauses

Annual statement and disbursement. At the end of the agreement year or at the expiry of the agreement, the employer prepares a statement showing the size of local wages and the total amount of local wages disbursed to employees covered by local wages in the agreement year. If local wages have not been fully disbursed at the time of the preparation of the statement, the remaining amount is distributed between the employees who were employed in the enterprise on 1 March. The distribution is made proportionally on the basis of the working hours performed by the individual employees in the preceding agreement year, unless otherwise agreed locally. Disbursement of any residual amounts is made in the first pay period after 1 March, unless otherwise agreed locally. If the shop xxxxxxx asks the employer to document that local wages have been paid as agreed, the employer must provide the required documentation.
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Related to Annual statement and disbursement

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