Common use of Illustrative Example Clause in Contracts

Illustrative Example. If the minimum hourly rate is $30 and the Agreement provides for a wage increase of 3% on 1 December 2024, but the Commonwealth Government’s direction is to increase the applicable hourly rate by $3 on 1 October 2024, then, as a term of this Agreement, the Employer will increase the hourly rate to $33 on 1 October 2024 and then apply the 3% wage increase on 1 December 2024 to the hourly rate of $33.

Illustrative Example. If the minimum hourly rate is $30 and the Agreement provides for a wage increase of 32.25% on 1 December 2024July 2025, but the Commonwealth Government’s direction is to increase the applicable hourly rate rates by $3 2ph on 1 October 2024January 2025, then, as a term of this Agreement, the Employer will increase the hourly rate to $33 32 on 1 October 2024 January 2025 and then apply the 32.25% wage increase on 1 December 2024 July 2025 to the hourly rate of $3332.72.