Loyalty Premium. 1 When awarding a loyalty premium the employer shall determine the period during which the employee is expected to continue in employment with the UMC in order to qualify for payment of the loyalty premium.
Loyalty Premium. If a Grower is entitled to a Loyalty Premium in accordance with the Enduring Funding Agreement and Three Year Rolling Grower Contract, the Grower acknowledges that such Loyalty Premium has been assigned to the Registered Supplier and that Loyalty Premium payments received by the Registered Supplier will be 100% pooled and disbursed to qualifying growers as soon as practical after being received.
Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an OT premium and will be paid out, or banked at two and one-half percent (2.5%) of the normal wage rate including those hours worked on an employee’s day off. Employees can bid vacation from their Loyalty vacation bank as per Article 7.09, such that a negative Loyalty vacation bank may accrue to a maximum of negative forty-two point eight (-42.8) or negative eighty-five point six (-85.6) hours for employees that have completed twelve (12) years’ service at the start of the year vacation is to be bid for. The Loyalty vacation bank will be reconciled at year end to zero (0) by using time bank hours to reduce the negative to zero (0).
Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an Overtime Premium and will be paid out, or banked at two and one-half percent (2.5%) of the normal wage rate including those hours worked on an employee’s day off. Employees can “pre-purchase” vacation from their Time Bank as per Article 7.09, such that a negative Time Bank may accrue to a maximum of negative sixty-four (- 64) hours. 6.04.02 The hours to be paid out at the employees request at a minimum of one hundred (100) hours, and subject to the terms of Article 6.04 and the completion of Appendix 6 (attached). 6.04.03 The loyalty premium hours will be calculated and paid according to the corresponding Loyalty Premium rate in Article 6.04 appropriate to the employee’s pay scale at the time the payout is requested. 6.04.04 The definition of hours worked as provided for in Article 6.04 includes regular hours worked on shifts, actual hours worked on overtime (not at time and a half but at straight time), straight time hours due to training and travel for training, hours due to Union release, and that the premium will be paid on shift trades to the employee who actually works the shift; but that the Loyalty Premium would not apply to vacation time, sick time, time bank off or overtime (except as previously identified).
Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an OT premium and will be paid out, or banked at 2.5% of the normal wage rate including those hours worked on an employee’s day off. Employees can “pre-purchase” vacation from their time bank as per Article 7.09, such that a negative time bank may accrue to a maximum of -64 hours.
Loyalty Premium. 5. If you meet your commitments, Zespri will pay you the Loyalty Premium of 25 cents plus GST per Tray of Class 1 Kiwifruit supplied to Zespri at FOBS in the relevant season, and if after paying the Loyalty Premium, the NZ Supply EBIT (post-Loyalty) would be more than 1.00% of Net Sales (excess EBIT), an additional amount per Tray equal to half the excess EBIT, divided by Total Trays supplied to Zespri at FOBS by all Growers that have signed a Three Year Rolling Grower Contract with Zespri, plus GST.
