Common use of Introduction or Renewal of Compressed Work Weeks Clause in Contracts

Introduction or Renewal of Compressed Work Weeks. It is expressly agreed that formulas related to compressed work week conversions are to be based upon the principle that any adjustment from a five-day week is to be accom- plished with neither any additional salary or benefit cost to the Employer nor any reduction in the salaries or benefits received by the employees. In the event that the parties to this Agreement mutually decide to extend the existing conversion of, or to convert the work week of the employees staffing the whole or a part of the Employer's operations, from five (5) working days to four (4) working days per week or to nine (9) working days per fortnight, it has been agreed that such employees' fringe benefits shall be converted as follows:

Introduction or Renewal of Compressed Work Weeks. It is expressly agreed that formulas related to compressed work week conversions are to be based upon the principle that any adjustment from a five-day week is to be accom- plished accomplished with neither any additional salary or benefit cost to the Employer nor any reduction in the salaries or benefits received by the employees. In the event that the parties to this Agreement mutually decide to extend the existing conversion of, or to convert the work week of the employees staffing the whole or a part of the Employer's operations, from five (5) working days to four (4) working days per week or to nine (9) working days per fortnight, it has been agreed that such employees' fringe benefits shall be converted as follows: