Fiscal Dividend. 1.1 If fiscal dividend funds are determined to be available, upon receipt of funding from the government, a fiscal dividend will be paid to employees as soon as practicable for the school district to calculate the individual payment amounts and distribute the funds.
1.2 The quantum of the Fund accessible for the parties to this agreement will be based on the Province’s audited financial statements as at March 31, 2010. The Fund will be determined as follows:
i. The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009-10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of one hundred fifty million ($150,000,000) dollars.
ii. Only final surplus monies in excess of one hundred fifty million ($150,000,000) dollars will be part of the Fund, and the total quantum of the Fund for the entire public sector (including all categories of employees) will not exceed three hundred million ($300,000,000) dollars.
iii. The quantum of the Fund will be constrained by the proportion of the public sector that is eligible to participate in the Fiscal Dividend Bonus; i.e., one hundred (100%) percent of the Fund will be available if one hundred (100%) percent of all categories of employees in the public sector under the purview of the Public Sector Employers’ Council participate, but if a lesser number participate, a proportionately lesser amount of the Fund will be available.
iv. Additionally, the Fund will be proportioned among all groups of public sector employees by ratio of group population to total population participating.
1.3 Each bargaining unit member who is a regular employee of the School District on March 31, 2010 shall be eligible to receive the Fiscal Dividend Bonus.
1.4 The fiscal dividend payment shall be an amount as described in clause 1.2 above for each regular full time equivalent employee and shall be pro-rated for regular part time employees. For the purpose of the determination of the amount of the fiscal dividend payment, a full time equivalent employee is a regular employee who worked on a full time basis for the period September 1, 2009 – June 30, 2010. The fiscal dividend payment for a regular employee who worked less than full time over this period of time shall be pro-rated based on the actual straight-time hours worked as a percentage of full time hours. Time spent by employees on the fo...
Fiscal Dividend. 1.1 If fiscal dividend funds are determined to be available, upon receipt of funding from the government, a fiscal dividend will be paid to employees as soon as practicable for the school district to calculate the individual payment amounts and distribute the funds.
1.2 The quantum of the Fund accessible for the parties to this agreement will be based on the Province’s audited financial statements as at March 31, 2010. The Fund will be determined as follows:
i. The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009-10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of $150 million.
ii. Only final surplus monies in excess of $150 million will be part of the Fund, and the total quantum of the Fund for the entire public sector (including all categories of employees) will not exceed $300 million.
iii. The quantum of the Fund will be constrained by the proportion of the public sector that is eligible to participate in the Fiscal Dividend Bonus; i.e., 100% of the Fund will be available if 100% of all categories of employees in the public sector under the purview of the Public Sector Employers’ Council participate, but if a lesser number participate, a proportionately lesser amount of the Fund will be available.
iv. Additionally, the Fund will be proportioned among all groups of public sector employees by ratio of group population to total population participating.
1.3 Each bargaining unit member who is a regular employee of the School District on March 31, 2010 shall be eligible to receive the Fiscal Dividend Bonus.
1.4 The fiscal dividend payment shall be an amount as described in clause 1.2 above for each regular full time equivalent employee and shall be pro- rated for regular part time employees. For the purpose of the determination of the amount of the fiscal dividend payment, a full time equivalent employee is a regular employee who worked on a full time basis for the period September 1, 2009 – June 30, 2010. The fiscal dividend payment for a regular employee who worked less than full time over this period of time shall be pro-rated based on the actual straight- time hours worked as a percentage of full time hours. Time spent by employees on the following leaves shall be considered as time worked for the purpose of calculating the amount of an employee’s dividend payment: All leaves with pay...
Fiscal Dividend. 1.1 If fiscal dividend funds are determined to be available, a Fiscal Dividend will be paid as soon as reasonably practical.
1.2 The quantum of the Fund accessible for the parties to this agreement will be based on the Province’s audited financial statements as at March 31, 2010. The Fund will be determined as follows:
(i) The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009/10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of $150 million.
(ii) Only final surplus monies in excess of $150 million will be part of the Fund, and the total quantum of the Fund for the entire public sector (including all categories of employees) will not exceed $300 million.
(iii) The quantum of the Fund will be constrained by the proportion of the public sector that is eligible to participate in the Fiscal Dividend Bonus i.e., 100% of the Fund will be available if 100% of all categories of employees in the public sector under the purview of the Public Sector Commission’s Council participate, but if a lesser number participate, a proportionately lesser amount of Fund will be available.
(iv) Additionally, the Fund will be proportioned among all groups of public sector employees by ratio of group population to total population participating.
1.3 The Fiscal Dividend Bonus will be paid to each current employee who is employed on March 31, 2010.
Fiscal Dividend. Each Agreement shall include a Letter of Agreement for a Fiscal Dividend Bonus as set out in Appendix B.
Fiscal Dividend. If fiscal dividend funds are determined to be available, a fiscal dividend will be paid as soon as reasonably practical.
Fiscal Dividend. 1.1 If fiscal dividend funds are determined to be available, a Fiscal Dividend will be paid as soon as reasonably practical.
1.2 The quantum of the Fund accessible for the parties to this agreement will be based on the Province’s audited financial statements as at March 31, 2010. The Fund will be determined as follows:
(i) The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009/10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of $150 million.
(ii) Only final surplus monies in excess of $150 million will be part of the Fund, and the total quantum of the Fund for the entire public sector (including all categories of employees) will not exceed $300 million.
(iii) The quantum of the Fund will be constrained by the proportion of the public sector that is eligible to participate in the Fiscal Dividend Bonus i.e., 100% of the Fund will be available if 100% of all categories of employees in the public sector under the purview of the Public Sector Commission’s Council participate, but if a lesser number participate, a proportionately lesser amount of Fund will be available.
(iv) Additionally, the Fund will be proportioned among all groups of public sector employees by ratio of group population to total population participating.
1.3 The Fiscal Dividend Bonus will be paid to each current employee who is employed on March 31, 2010. Licensed Science Officer 1 1 Licensed Science Officer 2 2 Licensed Science Officer 3 3 Licensed Science Officer 4 4 Licensed Science Officer 5 5 LSO3 (Designated Petroleum Geologist) 3 yes LSO4 (Designated Petroleum Geologist) 4 yes LSO5 (Designated Petroleum Geologist) 5 yes LSO3 (Designated Professional Engineer) 3 yes LSO4 (Designated Professional Engineer) 4 yes LSO5 (Designated Professional Engineer) 5 yes
Fiscal Dividend. If fiscal dividend funds are determined to be available, upon receipt of funding from the government, a fiscal dividend will be paid to employees as soon as practicable for the school district to calculate the individual payment amounts and distribute the funds.
Fiscal Dividend. 1.1 If fiscal dividend funds are determined to be available, a Fiscal dividend will be paid as soon as reasonably practical.
1.2 The quantum of the Fund accessible for the parties to this agreement will be based on the province’s audited financial statements as at March 31, 2010. The Fund will be determined as follows:
i.. The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009-10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of $150 million.
Fiscal Dividend. 1.1. If fiscal dividend funds are determined to be available, upon receipt of funding from the government, a fiscal dividend will be paid to employees as soon as practicable for the school district to calculate the individual payment amounts and distribute the funds.
1.2. The quantum of the Fund accessible for the parties to this agreement will be based on the Province’s audited financial statements as at March 31 2010. The Fund will be determined as follows:
i. The calculations will be based on the surplus, as calculated before deduction of any expense associated with the Fiscal Dividend Bonus, achieved in fiscal 2009-10, as published in the audited financial statements for that fiscal year, provided that the surplus is in excess of $150 million.
ii. Only final surplus monies in excess of $150 million will be part of the Fund, and the total quantum of the Fund for the entire public sector (including all categories of employees) will not exceed $300 million.
iii. The quantum of the Fund will be constrained by the proportion of the public sector that is eligible to participate in the Fiscal Dividend Bonus; i.e., 100% of the Fund will be available if 100% of all categories of employees in the public sector under the purview of the Public Sector Employers’ Council participate, but if a lesser number participate, a proportionately lesser amount of the Fund will be available.
iv. Additionally, the Fund will be proportioned among all groups of public sector employees by ratio of group population to total population participating.
1.3. Each bargaining unit member who is a regular employee of the School District on March 31, 2010 shall be eligible to receive the Fiscal Dividend Bonus.
1.4. The fiscal dividend payment shall be an amount as described in clause
