Common use of FUND PROTECTION Clause in Contracts

FUND PROTECTION. There will be no diminution in the per employee amount in the funds listed below during the term of this collective agreement as a result of an increase in the number of employees in the bargaining unit as at October 1, 2020 and October 1, 2021 and October 1, 2022. Growth in the number of employees will be measured on the basis of a two collective agreement lag using October 1st as the date; for 2020-2023 collective agreement, growth in the number of employees will therefore be measured on the basis of the number of employees as of October 1, 2014. In the case of the funds below where such is indicated, the basis on which growth in the number of employees will be measured is the growth in the number of employees who are eligible to use the funds. As an example of how this Article will apply, if the per employee amount available is $10 based on 100 employees as of October 1, 2008 and the number of employees increases to 110 as of October 1, 2011, the fund will be supplemented by $100 in the 2011-12 year of the Collective Agreement. If the number of employees is 90 as of October 1, 2012, no supplement will be required and the fund will be $1000. • Funds: • Article 15.12.2 and 15.12.3 Childcare Subsidies

Appears in 3 contracts

Samples: 2 Collective Agreement, 2 Collective Agreement, 2 Collective Agreement

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FUND PROTECTION. There will be no diminution in the per employee amount in the funds listed below during the term of this collective agreement as a result of an increase in the number of employees in the bargaining unit as at October 1, 2020 and October 1, 2021 and October 1, 2022. Growth in the number of employees will be measured on the basis of a two collective agreement lag using October 1st as the date; for 2020-2023 collective agreement, growth in the number of employees will therefore be measured on the basis of the number of employees as of October 1, 2014. In the case of the funds below where such is indicated, the basis on which growth in the number of employees will be measured is the growth in the number of employees who are eligible to use the funds. As an example of how this Article will apply, if the per employee amount available is $10 based on 100 employees as of October 1, 2008 and the number of employees increases to 110 as of October 1, 2011, the fund will be supplemented by $100 in the 2011-12 year of the Collective Agreement. If the number of employees is 90 as of October 1, 2012, no supplement will be required and the fund will be $1000. Funds: • Article 15.12.2 and 15.12.3 Childcare Subsidies

Appears in 2 contracts

Samples: 2 Collective Agreement, 2 Collective Agreement

FUND PROTECTION. There will be no diminution in the per employee amount in the funds listed below during the term of this collective agreement as a result of an increase in the number of employees in the bargaining unit as at October 1, 2020 2014 and October 1, 2021 2015 and October 1, 20222016. Growth in the number of employees will be measured on the basis of a two year collective agreement lag using October 1st as the date; for 2020. For the 2014-2023 2017 collective agreement, growth in the number of employees will therefore be measured on the basis of the number of employees as of October 1, 20142008. In the case of the funds below where such is indicated, the basis on which growth in the number of employees will be measured is the growth in the number of employees who are eligible to use the funds. As an example of how this Article will apply, if the per employee amount available is $10 based on 100 employees as of October 1, 2008 and the number of employees increases to 110 as of October 1, 2011, the fund will be supplemented by $100 in the 2011-12 2012 year of the Collective Agreement. If the number of employees is 90 as of October 1, 2012, 2012 no supplement will be required required, and the fund will be $1000. Funds: • Article 15.12.2 15.13.2 and 15.12.3 15.13.3 Childcare Subsidies

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

FUND PROTECTION. There will be no diminution in the per employee amount in the funds listed below during the term of this collective agreement as a result of an increase in the number of employees in the bargaining unit as at October 1, 2020 and October 1, 2021 and October 1, 2022. Growth in the number of employees will be measured on the basis of a two year collective agreement lag using October 1st as the date; for . For the 2020-2023 collective agreement, growth in the number of employees will therefore be measured on the basis of the number of employees as of October 1, 2014. In the case of the funds below where such is indicated, the basis on which growth in the number of employees will be measured is the growth in the number of employees who are eligible to use the funds. As an example of how this Article will apply, if the per employee amount available is $10 based on 100 employees as of October 1, 2008 and the number of employees increases to 110 as of October 1, 2011, the fund will be supplemented by $100 in the 2011-12 2012 year of the Collective Agreement. If the number of employees is 90 as of October 1, 2012, 2012 no supplement will be required required, and the fund will be $1000. programs) Funds: • Article 15.12.2 15.13.2 and 15.12.3 15.13.3 Childcare Subsidies

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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FUND PROTECTION. There will be no diminution in the per employee amount in the funds listed below during the term of this collective agreement as a result of an increase in the number of employees in the bargaining unit as at October 1, 2020 2014 and October 1, 2021 2015 and October 1, 20222016. Growth in the number of employees will be measured on the basis of a two collective agreement lag using October 1st as the date; for 20202014-2023 2017 collective agreement, growth in the number of employees will therefore be measured on the basis of the number of employees as of October 1, 20142008. . In the case of the funds below where such is indicated, the basis on which growth in the number of employees will be measured is the growth in the number of employees who are eligible to use the funds. As an example of how this Article will apply, if the per employee amount available is $10 based on 100 employees as of October 1, 2008 and the number of employees increases to 110 as of October 1, 2011, the fund will be supplemented by $100 in the 2011-12 year of the Collective Agreement. If the number of employees is 90 as of October 1, 2012, no supplement will be required and the fund will be $1000. • Funds: • Article 15.12.2 and 15.12.3 Childcare Subsidies

Appears in 1 contract

Samples: Collective Agreement

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