Common use of Lump Sums Clause in Contracts

Lump Sums. In 2025 and 2026, if the scale adjustment is less than the CPI used to determine it, the Employer shall pay a lump sum to all employees.

Lump Sums. In 2025 and 2026, if the scale adjustment is less than the CPI used to determine it, the Employer shall pay a lump sum to all employees. • The lump sum shall be equal to the difference between CPI and the scale adjustment up to a maximum of 1% of the employee’s base salary in the previous year. • This lump sum payment will be subject to regular deductions, will not be pensionable, and will be paid on /or about March 1 of the year in question.