Calculation of supplement Sample Clauses

Calculation of supplement. When there is transfer from the area of work which applies to the post the salary applicable to the new work is applied. Training and induction supplements will be paid in accordance with the rules in force at the company. If the earnings that are possible in the new work are lower than the employee’s previous earnings, a supplement to the salary received by the employee in the new work will be paid. The supplement will be calculated at the time of transfer in accordance with the following rules. The supplement consists of the difference between the average hourly or incentive wage of the employee during the last known quarterly period before the transfer and the corresponding average hourly rate for the area of work to which the employee is transferring. The local parties may reach agreement on a different comparative group, e.g. a particular group of employees, a particular occupational category under the agreement etc. If the employee receives only an hourly salary in the new work, the supplement will instead be the difference between the employee’s previous average hourly earnings and this hourly salary.
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Related to Calculation of supplement

  • NOTICE OF SUPPLEMENTAL ALLOCATION OF FUNDS By the signature below, the City Controller certifies that, upon the request of the Director, the supplemental sum set out below has been allocated for the purposes of the Agreement out of funds appropriated for this purpose by the City Council of the City of Houston. This Supplemental Allocation has been charged to such appropriation. $

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  • Certificate of Adjustment The Corporation shall from time to time immediately after the occurrence of any event which requires an adjustment or readjustment as provided in Section 4.1, deliver a certificate of the Corporation to the Warrant Agent specifying the nature of the event requiring the same and the amount of the adjustment or readjustment necessitated thereby and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based, which certificate shall be supported by a certificate of the Corporation’s Auditors verifying such calculation. The Warrant Agent shall rely, and shall be protected in so doing, upon the certificate of the Corporation or of the Corporation’s Auditor and any other document filed by the Corporation pursuant to this Article 4 for all purposes.

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