Common use of Financial Adjustments Clause in Contracts

Financial Adjustments. a. In the event of an employer or employee error which affects the calculation of an employee's net pay, the Board shall notify the employee and make the applicable adjustment to correct such errors. b. Such adjustment will be retroactive from the earlier of: i. the date the error occurred; or ii. one (1) year, prior to the employer or employee notifying the other of the error.

Appears in 8 contracts

Samples: Provincial and Local Matters Agreement, Provincial and Local Matters Agreement, Provincial and Local Matters 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!