Common use of Changes in Salary Rate Clause in Contracts

Changes in Salary Rate. (a) When an employee’s salary rate changes in the middle of a month, pay will be computed on the fractional amount of workdays worked at each salary rate during the month. For example, in a month having twenty-one (21) workdays (based on employee’s work schedule), the salary of an employee working eleven (11) days at the old rate and ten (10) days at the new rate is computed as follows: 11 x old rate + 10 x new rate = gross pay 21 21 (b) The percentage conversion chart in the Compensation Plan may be used instead.

Appears in 10 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Changes in Salary Rate. (a) When an employee’s employee‟s salary rate changes in the middle of a month, pay will be computed on the fractional amount of workdays worked at each salary rate during the month. For example, in a month having twenty-one (21) workdays (based on employee’s employee‟s work schedule), the salary of an employee working eleven (11) days at the old rate and ten (10) days at the new rate is computed as follows: 11 x old rate + 10 x new rate = gross pay 21 21 (b) The percentage conversion chart in the Compensation Plan may be used instead.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!