Common use of COMPENSATION OPTION CREDITS Clause in Contracts

COMPENSATION OPTION CREDITS. 1.1 Effective January 1, 2006 and up to and including December 31, 2016, an employee is entitled to accumulate compensation option credits in each year for the portion of the year during which he/she is an employee at the rate of, a) six-twelfths (6/12) of one (1) credit per month in the year, if the employee is a full-time regular employee, and

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

COMPENSATION OPTION CREDITS. 1.1 Effective January 1, 2006 and up to and including December 31, 2016, an employee is entitled to accumulate compensation option credits in each year for the portion of the year during which he/she is an employee at the rate of, a) six-twelfths (6/12) of one (1) credit per month in the year, if the employee is a full-time regular employee, and

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

COMPENSATION OPTION CREDITS. 1.1 Effective January 1, 2006 and up to and including December 31, 2016, an An employee is entitled to accumulate compensation option credits in each year for the portion of the year during which he/she is an employee at the rate of, a) six-twelfths (6/12) of one (1) credit per month in the year, if the employee is a full-time regular employee, and,

Appears in 1 contract

Samples: Collective Agreement

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