Common use of LETTER OF UNDERSTANDING JOB EVALUATION Clause in Contracts

LETTER OF UNDERSTANDING JOB EVALUATION. This will confirm our understanding of the above subject as agreed between the Company and the Union as follows: Where the content of a job has significantly changed and the job description no longer reflects the actual responsibilities of the job, a revised job description may be written for review by the Rewards team. The revised job description shall be prepared in conjunction with the affected employee(s). The job description shall be completed within 8 weeks of the initial discussion between the Manager and the affected employee(s). Revised job descriptions shall be submitted to the Human Resources Business Partner who shall arrange to have the job re-evaluated. All job descriptions submitted for re-evaluation will be evaluated within 8 weeks of submission. If there are any delays in processing the evaluation, the applicant will be notified accordingly. Any affected employee having concerns regarding a re-evaluation can contact his/her Manager for a debriefing. TEAM shall be advised of the salary band of the re-evaluated position prior to the affected employee(s) being notified. The Union recognizes the right of the Company to make adjustments to sales bonus/commission plans from time to time during the life of the Collective Agreement. Adjustments are to be made in good faith and in a fair and reasonable manner, and the Company shall meet with TEAM to review the Sales Bonus/Commission Plans prior to distribution. At the end of the sales year, the Company shall provide the Union with a report detailing the name of the employee, name of the plan, and the amount of bonus/commission paid. All eligible employees will have the option to continue to receive sales bonus payments in installments or elect to receive their entire sales bonus in the first quarter of the following year upon the actual sales figures being finalized. Where an employee resigns from the employment of one of the MTS Group of Companies to accept a new position within another one of the MTS Group of Companies, his/her Net Credited Service shall be recognized. 1 Employees must be Regular Full-time or Regular Part-time* Age 55 or greater plus years of service is equal to or greater than 80 30 week lump sum payment 2 Employees must be Regular Full-time or Regular Part-time* Age 55 or greater plus 10+ years of service with age plus service less than 80 30 week lump sum payment 3 Employees must be Regular Full-time or Regular Part-time* Age less than 55 however, age plus service is equal to or greater than 80 Bridging Allowance (up to a maximum equivalent of 52 weeks base salary) and a 26 week lump sum payment; OR If age is less than 53, at the employees option, 65 week lump sum payment 4 All other Regular Full-time or Regular Part-time employees Two (2) weeks per year completed net credited years of service up to a maximum of 65 weeks *Lump sum payment for Regular Part-time employees shall be prorated as follows: For severance purposes, service is represented as the sum of (i) any period or periods of Regular Full-Time employment and (ii) any period or periods of Regular Part-Time employment, pro-rated accordingly.

LETTER OF UNDERSTANDING JOB EVALUATION. ‌ This will confirm our understanding of the above subject as agreed between the Company and the Union as follows: Where the content of a job has significantly changed and the job description no longer reflects the actual responsibilities of the job, a revised job description may be written for review by the Rewards team. The revised job description shall be prepared in conjunction with the affected employee(s). The job description shall be completed within 8 weeks of the initial discussion between the Manager and the affected employee(s). Revised job descriptions shall be submitted to the Human Resources Business Partner who shall arrange to have the job re-evaluated. All job descriptions submitted for re-evaluation will be evaluated within 8 weeks of submission. If there are any delays in processing the evaluation, the applicant will be notified accordingly. Any affected employee having concerns regarding a re-evaluation can contact his/her Manager for a debriefing. TEAM shall be advised of the salary band of the re-evaluated position prior to the affected employee(s) being notified. LETTER OF UNDERSTANDING SALES BONUS/COMMISSION PLANS‌ The Union recognizes the right of the Company to make adjustments to sales bonus/commission plans from time to time during the life of the Collective Agreement. Adjustments are to be made in good faith and in a fair and reasonable manner, and the Company shall meet with TEAM to review the Sales Bonus/Commission Plans prior to distribution. At the end of the sales year, the Company shall provide the Union with a report detailing the name of the employee, name of the plan, and the amount of bonus/commission paid. All eligible employees will have the option to continue to receive sales bonus payments in installments or elect to receive their entire sales bonus in the first quarter of the following year upon the actual sales figures being finalized. LETTER OF UNDERSTANDING NET CREDITED SERVICE (NCS)‌ Where an employee resigns from the employment of one of the MTS Group of Companies to accept a new position within another one of the MTS Group of Companies, his/her Net Credited Service shall be recognized. LETTER OF UNDERSTANDING‌ 1 Employees must be Regular Full-time or Regular Part-time* Age 55 or greater plus years of service is equal to or greater than 80 30 week lump sum payment 2 Employees must be Regular Full-time or Regular Part-time* Age 55 or greater plus 10+ years of service with age plus service less than 80 30 week lump sum payment 3 Employees must be Regular Full-time or Regular Part-time* Age less than 55 however, age plus service is equal to or greater than 80 26 week lump sum payment and a Bridging Allowance (up to a maximum equivalent of 52 weeks base salary) and a 26 week lump sum payment; OR If age is less than 53, at the employees option, 65 week lump sum payment 4 All other Regular Full-time or Regular Part-time employees Two (2) weeks per year completed net credited years of service up to a maximum of 65 weeks *Lump sum payment for Regular Part-time employees shall be prorated as follows: For severance purposes, service is represented as the sum of (i) any period or periods of Regular Full-Time employment and (ii) any period or periods of Regular Part-Time employment, pro-rated accordingly.