Collective Agreement Budget supplement Sample Clauses

Collective Agreement Budget supplement. You will receive a supplement (‘Collective Agreement Budget’) equal to 12.5% of your gross monthly salary. You can have this supplement paid out or you can use it for a number of purposes. See Appendix 3 for more information about this supplement.
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Collective Agreement Budget supplement. 1 The Collective Agreement Budget supplement covers the vacation allowance, the vacation hours in excess of the statutory minimum, and special leave, with the exception of leave in the event of death. For this reason, these components are no longer shown separately as current employment conditions in this Collective Agreement. As an exception to Appendix 3, the following applies.
Sample 1
Collective Agreement Budget supplement. You are entitled to a Collective Agreement Budget supplement each month. The budget equals 12.5% of your gross monthly salary. You may use the supplement or part thereof to: - purchase extra vacation hours. Each will cost you 1.15 times your prevailing hourly salary. If you work 40 hours (Sales, Customer Expert, Consulting and ITS (until 1 July 2016)) or 37 hours (General and Retail) you can purchase up to 47 vacation hours per year. There is, however, an exception to this scheme, if at the time you wish to buy extra vacation hours you have a balance of more than 200 vacation hours. In such cases, you may only use the supplement or part of it to buy extra vacation hours if you have your manager’s permission. Your manager will give permission if you need the extra vacation hours for a good reason. If you are a part-timer, this maximum will be calculated in proportion to your working hours. Subject to the approval of your manager, you can increase the number of purchasable extra vacation hours to not more than three times your working hours. Summary of maximum number of purchasable vacation hours For a 37-hour working week For a 40-hour working week Without permission (balance <200 hours) 47 hours 47 hours With permission from your manager 111 hours 120 hours - save for a life-course scheme; - make a deposit or extra deposit for your pension (IPS); - purchase a bicycle from your gross salary until 31 December 2016; - pay gym fees from your gross salary until 31 December 2016; - purchase furniture from your gross salary until 31 December 2016, if you are participating in the New Way of Living and Working and, consequently, need to furnish a workplace at home; - pay union dues from your gross salary; - pay for participation in sport from gross salary as from 1 January 2017, up to a maximum of €125.00 per year; - ‘Green driving’. There are statutory limits to what you may save for a life-course scheme and the level of a pension contribution or extra contributions that you may make. The way you spend your budget must be within these limits. This also applies to expenditure from your gross salary. These limits are often related to maximum amounts. For more information, visit TEAMKPN Online. You can also have the Collective Agreement Budget paid out monthly. Part of the supplement is pensionable. You accrue pension over 75% of the supplement. APPENDIX 3 Regulations on leave under the life-course savings scheme (Levensloopverlof) 1 Taking life-course leave during e...
Sample 1
Collective Agreement Budget supplement. You are entitled to a Collective Agreement Budget supplement each month. The budget equals 12.5% of your gross monthly salary. You may use the supplement or part thereof to: - purchase extra vacation hours. Each will cost you 1.15 times your prevailing hourly salary. In the case of a 40-hour working week (Sales, IT, Strategic Recruitment, staff directly employed by KPN Contact and Customer Expert groups), or a 37-hour working week (General, Retail and staff indirectly employed by KPN Contact groups) you can buy a maximum of 47 vacation hours per year. There is, however, an exception to this scheme, if at the time you wish to buy extra vacation hours you have a balance of more than 200 vacation hours. In such cases, you may only use the supplement or part of it to buy extra vacation hours if you have your manager’s permission. Your manager will give permission if you need the extra vacation hours for a good reason. If you are a part-timer, this maximum will be set in proportion to your working hours. Subject to the approval of your manager, you can increase the number of purchasable extra vacation hours to not more than twice your working hours; - save for a life-course scheme; - (extra) pension contributions (IPS) (up to 1 January 2015 this does not apply to employees of KPN Contact BV, although up to this date extra pension contributions are possible insofar as they come within the limits of the pension scheme); - purchase a bicycle from your gross salary; - pay fitness fees from your gross salary; - purchase furniture from your gross salary, if you are participating in the New Way of Living and Working and, consequently, need to furnish a workplace at home; - pay union dues from your gross salary; - pay for green driving (up to 1 January 2015 this does not apply to employees of KPN Contact BV). There are statutory limits to what you may save for a life-course scheme and the level of a pension contribution or extra contributions that you may make. The way you spend your budget must be within these limits. This also applies to expenditure from your gross salary. These limits are often related to maximum amounts. You can also have the Collective Agreement Budget paid out monthly. Part of the supplement is pensionable. You accrue pension over 75% of the supplement. APPENDIX 4 Regulations on leave under the life-course savings scheme (Levensloopverlof) 1 Taking life-course leave during employment, other than immediately before your retirement date 1 You can t...
Sample 1

Related to Collective Agreement Budget supplement

  • Collective Agreement ARTICLE 1 -

  • Collective Agreements There are no collective agreements affecting your terms and conditions of employment.

  • COPIES OF COLLECTIVE AGREEMENT 31.01 Following the signing of the Collective Agreement, each Employee affected shall be provided with a copy by the Employer within seven (7) days of receipt of the copies by the Employer. The Collective Agreement shall be printed in booklet form by the United Nurses of Alberta. The costs of printing shall be shared equally between the parties.

  • TERM OF COLLECTIVE AGREEMENT 1.01 Except where otherwise stated in this Collective Agreement, this Collective Agreement shall be in force and effect from and after the date upon which the Union and the Employer exchange notice of ratification by their respective principals of the terms of this Collective Agreement up to and including June 30, 2020 and from year to year thereafter unless notice, in writing, is given by either Party to the other Party not less than sixty (60) calendar days nor more than one hundred and twenty (120) calendar days prior to the expiration of its desire to amend this Collective Agreement.

  • Single Collective Agreement a) Central terms and local terms shall together constitute a single collective agreement.

  • STRUCTURE AND CONTENT OF COLLECTIVE AGREEMENT C1.1 Separate Central and Local terms

  • Complete Agreement; Amendments This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements with respect to such subject matter. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

  • Complete Agreement; Amendment This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements in regard thereto. This Agreement cannot be modified except by an agreement in writing signed by both parties and specifically referring to this Agreement.

  • Printing of Collective Agreement The Hospital and Union agree that the cost of printing the collective agreements will be shared equally between the parties. The Union will be responsible for having the collective agreements printed in booklet format within sixty (60) days of its signing by both parties.

  • Tentative Agreement 4.4.1 Both parties agree that it is their mutual responsibility to empower their respective representatives with the necessary authority to make proposals, to consider proposals and counter proposals in the course of negotiations, and to reach tentative agreements subject to ratification by the Board and the Association.

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