INDUSTRY CONDITIONS. Working in Cold Temperatures
(a) Freezing Room Employees
(i) Each employee shall have been medically selected as fit to work in extremely cold conditions.
(ii) The company shall make available free of charge for the use of each employee, freezer boots, coats, caps and gloves, including inner gloves if required.
(iii) Any employee working in an area at an artificially reduced temperature of less than minus twenty degrees Celsius for more than 10 hours per week shall be paid an allowance as set out in Appendix A2: Allowances
(iv) Employees required to work in temperatures of less than minus twenty degrees Celsius for more than 4 hours shall be allowed reasonable breaks from such work outside the freezing chamber.
INDUSTRY CONDITIONS. 19 Section 5.16 CUSTOMERS.................................................................................19 Section 5.17 COMPANY MATERIAL ADVERSE EFFECT...........................................................19 Section 5.18 KNOWLEDGE.................................................................................19
INDUSTRY CONDITIONS. Except as set forth in SECTION 5.15 of the Company Disclosure Schedule, as of the date of this Agreement, the executive officers of the Company have no knowledge of any pending or proposed consolidation effecting any current customer or supplier of the Company or the non-availability of any parts or components required by the Company or the Company Subsidiaries that would be materially adverse to the business, operations or financial condition of the Company and the Company Subsidiaries taken as a whole.
INDUSTRY CONDITIONS. 15.1 Other than Freeze Room Employees
15.1.1 Any employee working in an area at an artificially reduced temperature of less than two degrees Celsius shall be paid an allowance of $0.14 (At signing) / $0.15 (01/07/05) / $0.16 (01/07/06) for each hour or part thereof. Other than Freeze Room Employees At Signing 01/07/05 01/07/06 Any employee working in an area at an artificially reduced temperature of less than two degrees Celsius $0.14 p/h $0.15 p/h $0.16 p/h
15.1.2 Any employee working in an area at an artificially reduced temperature of less than minus one degree Celsius shall be paid an allowance of $0.26 (At signing) / $0.27 (01/07/05)/$0.28 (01/07/06) per hour or part thereof. Other than Freeze Room Employees At Signing 01/07/05 01/07/06 Any employee working in an area at an artificially reduced temperature of less than minus one degree Celsius $0.26 p/h $0.27 p/h $0.28 p/h
15.1.3 If the temperature goes below minus eighteen degrees Celsius after an hour of duty the employee shall be entitled to refuse to work in such room unless the employee is classified as a freezing room employee under the following conditions.
INDUSTRY CONDITIONS. (i) On appointment to this position, each employee shall have been medically selected as fit to work in extremely cold conditions.
(ii) The Company shall make available free of charge for the use of each employee, freezer boots, coats, caps and gloves, including inner gloves if required.
(iii) Any employee working in an area at an artificially reduced temperature of less than minus 20 degrees Celsius, in excess of 10 ordinary hours up to 38 ordinary hours per week shall be paid an allowance as set out in Appendix B: Allowances.
(iv) Employees working in the High Rise Freezer and Low Rise Freezers will be entitled to be relieved from working in the freezer environment for 10 minutes per hour worked in that environment, but only for those hours in which no other meal break or rest period is taken. These breaks must be taken at a time convenient to the Company to fit in with operational requirements, having regard to the convenience of the employee. Upon termination of employment, an employee shall be required to return to the Company the articles last issued to him or her pursuant to this clause and, in the event of his or her failure to do without reasonable cause or excuse, the Company shall be entitled to deduct from any monies due to the employee a fair and reasonable for the value of such articles as at the time of termination of employment, in accordance with the Act.
INDUSTRY CONDITIONS. 15.1 Other than Freezer Room Employees
15.1.1 Any employee working in an area at an artificially reduced temperature of less than two degrees Celsius shall be paid an allowance of $0.13 (1/7/02)/ $0.14(1/7/03) for each hour or part thereof.
15.1.2 Any employee working in an area at an artificially reduced temperature of less than minus one degree Celsius shall be paid an allowance of $0.24(1/7/02)/$0.25 (1/7/03) per hour or part thereof.
15.1.3 If the temperature goes below minus eighteen degrees Celsius after an hour of duty the employee shall be entitled to refuse to work in such room unless the employee is classified as a freezing room employee under the following conditions.
INDUSTRY CONDITIONS. (i) On appointment to this position, each employee shall have been medically selected as fit to work in extremely cold conditions.
(ii) The Company shall make available free of charge for the use of each employee, freezer boots, coats, caps and gloves, including inner gloves if required.
(iii) Employees driving in excess of 19 ordinary hours and are exposed to artificially reduced temperature of less than minus 20 degrees Celsius shall be paid the Driver Freezer Allowance in Appendix B.
(iv) Any employee engaged as a Storeperson working in an area at an artificially reduced temperature of less than minus 20 degrees Celsius during ordinary hours shall be paid one of the three relevant allowances as set out in Appendix B, depending on the number of ordinary hours in the Freezer. This allowance is in substitution for and not cumulative on the Driver Freezer Allowance in Appendix B.
(v) Employees working in the High Rise Freezer and Low Rise Freezers will be entitled to be relieved from working in the freezer environment for 10 minutes per hour worked in that environment, but only for those hours in which no other meal break or rest period is taken. These breaks must be taken at a time convenient to the Company to fit in with operational requirements, having regard to the convenience of the employee. Upon termination of employment, an employee shall be required to return to the Company the articles last issued to him or her pursuant to this clause and, in the event of his or her failure to do without reasonable cause or excuse, the Company shall be entitled to deduct from any monies due to the employee a fair and reasonable for the value of such articles as at the time of termination of employment, in accordance with the Act.
INDUSTRY CONDITIONS. (a) Each employee shall have been medically selected as fit to work in extremely cold conditions.
(b) Employees required to work in temperatures of less than minus 20 degrees Celsius for more than four hours shall be allowed 10 minutes in each hour where they do not take a meal or rest break outside of the freezing chamber as warming time. This is counted as paid time and employees can be directed to perform duties over these periods.
(c) Each employee required to work in a room wherein the temperature has been artificially reduced below two degrees Celsius (35.6 degrees Fahrenheit), shall be supplied, free of cost, with suitable warm clothing for use in such work. “Suitable warm clothing” means the freezer suit or jacket, boots, gloves and cap or balaclava. Where the duties of an employee require the use of gloves, they shall be supplied free of cost by the Company.
(d) Upon termination of employment, an employee shall be required to return to the Company the articles last issued to him or her pursuant to this clause and, in the event of his or her failure to do without reasonable cause or excuse, the Company shall be entitled to deduct from any monies due to the employee a fair and reasonable for the value of such articles as at the time of termination of employment.
INDUSTRY CONDITIONS. The offshore contract drilling business is influenced by a number of factors, including the current and anticipated prices of oil and natural gas, the expenditures by oil and gas companies for exploration and development of oil and natural gas and the availability of drilling rigs. In addition, demand for drilling services remains dependent on a variety of political and economic factors beyond the Company's control, including worldwide demand for oil and natural gas, the ability of the Organization of Petroleum Exporting Countries ("OPEC") to set and maintain production levels and pricing, the level of production of non-OPEC countries and the policies of the various governments regarding exploration and development of their oil and natural gas reserves. Historically, the offshore contract drilling industry has been highly competitive and cyclical, with periods of high demand, short rig supply and high dayrates followed by periods of low demand, excess rig supply and low dayrates. During 2001, oil and natural gas prices began to soften which caused reduced dayrates and utilization for some classes of the Company's equipment although the market for other classes of its equipment were minimally impacted. Geographically, the Gulf of Mexico has been the hardest hit area. In the short-term, management expects a continuation of current market conditions unless product prices change. Management believes that, in the longer-term, deepwater markets will continue to be strong and the Company is therefore continuing with its ultra-deep moored vessel upgrade program. See "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Outlook" in Item 7 of this report. THE FLEET The Company's large, diverse fleet, which includes some of the most technologically advanced rigs in the world, enables it to offer a broad range of services worldwide in various markets, including the deep water market, the harsh environment market, the conventional semisubmersible market and the xxxx-up market. Semisubmersibles. The Company owns and operates 30 semisubmersibles. Semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members. Such rigs operate in a "semi-submerged" position, remaining afloat, off bottom, in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface. Semisubmersibles are typically anchored in...
INDUSTRY CONDITIONS. Supply of Protective Clothing, Knives and Accessories
(i) The company shall each year supply, free of cost, uniforms and head covers to each employee where required to be worn; on a fair wear and tear basis.
(ii) Where the duties of an employee require the use of gloves they shall be supplied free of cost by the company.
(a) Subject to paragraph (b), of this subclause, an employee whose work is performed under wet conditions or who works in all xxxxxxxx shall be supplied, free of cost, according to the nature of his/her work, with waterproof aprons, gumboots, or oilskins. "Wet conditions" means conditions in which clothing or boots of an employee would in the absence of protective clothing, become saturated with moisture in the course of his/her work.
(b) Where the Union and the company agree that the company will supply, free of cost to an employee leather boots because of the wetness associated with the employee’s work and the company so supplies such leather boots, the company shall not be required to supply to the employee gumboots pursuant to paragraph (a), of the subclause.
(iv) Any employee applying for new gloves, aprons, boots, or outer garments or knives, steels, pouches, or accessories who fails to return corresponding articles last issued to him/her shall not be entitled to same, without payment therefore at a reasonable price. The reasonable price shall be determined by agreement between the company and the employee(s) concerned.
(v) Upon termination of employment an employee shall be required to return to the company the articles last issued to him/her in pursuance of this Clause and in the event of his/her failure to do so without reasonable cause or excuse, the company shall be entitled to deduct from any monies due to the employee a fair and reasonable sum for the value of such articles as at the time of the termination of employment.
