Common use of COST OF LIVING ALLOWANCE Clause in Contracts

COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01. 29:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 The C.O.L.A. premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in 29:03. No adjustment, retroactive or otherwise shall be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 No premium shall be paid for a quarter in which the average quarterly index is equal to or less than the base index number stated in 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01.adjust 29:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 The C.O.L.A. premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in 29:03. No adjustment, retroactive or otherwise shall be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 No premium shall be paid for a quarter in which the average quarterly index is equal to or less than the base index number stated in 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in with 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 During the period of this Agreement, if Statistics Canada revise revises the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01. 29:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 The C.O.L.A. C.O.L.A premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in Section 29:03. No adjustment, retroactive or otherwise otherwise, shall be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 No premium shall be paid for a quarter in which the average quarterly index is equal to or less than the base index number stated in Section 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.is

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust adjus t the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01. 29:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 The C.O.L.A. premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in 29:03. No adjustment, retroactive or otherwise shall sha ll be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 No premium shall be paid for a quarter in which the average quarterly index is equal to or less than the base index number stated in 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.

Appears in 1 contract

Samples: Collective Agreement

COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 28:01 The Consumer Price Index as published by Statistics Canada in 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 28:02 During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01. 29:03 28:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 28:04 The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 28:05 The C.O.L.A. premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in 29:03. No adjustment, retroactive or otherwise shall be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 28:06 No premium shall be paid for a quarter in which the average quarterly index is equal to or less than the base index number stated in 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.

Appears in 1 contract

Samples: Collective Agreement

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COST OF LIVING ALLOWANCE. 17:01 All employees, save and except probationary employees, shall receive a Cost of Living Allowance as set forth in this Article. 17:02 The following Article 29 on basis for determining the amount of the Cost of Living Allowance is suspended for shall be the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in 1961 - (1986 = 100 shall constitute 100) and herein referred to as the controlling index numbers for all calculations of the C.O.L.A. premiumConsumer Price Index. 29:02 17:03 The $1.41 C.O.L.A. effective October 5, 2008 shall be carried as a fixed float, for the life of this Agreement. 17:04 During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, quarterly adjustments in the Company and Cost of Living Allowance shall be made effective at the Union will meet and determine a conversion factor which would equitably adjust beginning of the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described first pay period in Section 29:01each quarterly adjustment period. 29:03 The base index figure 17:05 There will be no adjustments made in the September 1976 Consumer Price Indexfirst year of the Collective Agreement. The index for December 1976, and each subsequent calendar quarter to Adjustments during the termination period of this Agreement will have subtracted from it shall be made at the basefollowing times: (Adjustment Dates – January 2010, to yield the April 2010, July 2010 and quarterly differentialthereafter). 29:04 The C.O.L.A. premium 17:06 There will be paid based on all hours worked commencing with a cap of $0.25 cents in the pay period immediately following the publication second year of the December 1976 Consumer Price IndexCollective Agreement, commencing October 2009. The monetary amount Index of October 2009 shall constitute the new base from which the new Cost of Living Allowance will be calculated, the first such calculation being January 2010, and quarterly thereafter. There will be a cap of $0.50 cents in the third year of the premium shall not form part of an employee’s applicable hourly rate nor will it exceed forty-five cents (45¢) per hour.Collective Agreement, commencing October 2010 and quarterly thereafter. 01/09/2009 2:49:03 PM 29:05 The C.O.L.A. premium calculation will be formulated such that 17:07 A one cent ($0.01) will per hour adjustment shall be paid made for each full zero point four .096 rise in the Consumer Price Index (0.41986 = 100) points of quarterly index differential obtained in 29:03. to the October 1, 2009 base. 17:08 No adjustment, adjustments retroactive or otherwise shall be made to in the value amount of the premium Cost of Living Allowance due to any revision which later may be made at a date subsequent to in the publication published figures used in the calculation of the Consumer Price Index for any month on the basis of Statistics Canadawhich the allowance shall have been determined. 29:06 No premium 17:09 The amount of any Cost of Living Allowance in effect at any time shall not be incorporated in the wage rate but shall be paid for a quarter to each employee on all hours worked or paid. The Cost of Living Allowance shall not be used in which the average quarterly index is equal to or less than the base index number stated in 29:03. Continuance computing premium rates of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canadapay.

Appears in 1 contract

Samples: Memorandum of Agreement

COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit. 29:01 The Consumer Price Index as published by Statistics Canada in 1961 = 100 shall constitute the controlling index numbers for all calculations of the C.O.L.A. premium. 29:02 . During the period of this Agreement, if Statistics Canada revise the base year 1961 = 100, the Company and the Union will meet and determine a conversion factor which would equitably adjust the present base to an amended base or request Statistics Canada to provide an appropriate conversion factor. In this event, the amended base will replace the base index as described in Section 29:01. 29:03 The base index figure will be the September 1976 Consumer Price Index. The index for December 1976, and each subsequent calendar quarter to the termination of this Agreement will have subtracted from it the base, to yield the quarterly differential. 29:04 . ARTICLE COST OF LIVING ALLOWANCE The C.O.L.A. premium will be paid based on all hours worked commencing with the pay period immediately following the publication of the December 1976 Consumer Price Index. The monetary amount of the premium shall not form part of an employee’s 's applicable hourly rate nor will it exceed forty-five cents (45¢) per hour. 29:05 . The C.O.L.A. premium calculation will be formulated such that one cent ($0.01) will be paid for each full zero point four (0.4) points of quarterly index differential obtained in 29:03. No adjustment, retroactive or otherwise shall be made to the value of the premium due to any revision which may be made at a date subsequent to the publication of the Consumer Price Index of Statistics Canada. 29:06 . No premium shall be paid for a quarter in which the average quarterly quarterly. index is i s equal to or less than the base index number stated in 29:03. Continuance of the premium is dependent upon the availability of the Consumer Price Index as published by Statistics Canada.

Appears in 1 contract

Samples: Collective Agreement

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