Common use of Market Supplement Clause in Contracts

Market Supplement. (a) Where a market supplement is added to the base pay for an occupational field, the salary of each employee in a position in that field shall be adjusted by the full value of the market supplement. (b) Notwithstanding the provisions of 26.07 (a) above, where an employee is hired at a rate of pay above the minimum due to labour market pressure, and a market supplement is subsequently provided, the employee will not receive the market supplement provided they have been advised in writing at the time of their appointment. (c) Where a market supplement is subsequently increased, the additional supplement shall be added to each employee’s rate of pay according to the principles outlined in (a) and (b) above. (d) Where a market supplement is subsequently reduced or deleted as determined by the Employer, the Employer shall provide 90 (ninety) days written notice to affected employees and the salary of each employee currently receiving the market supplement shall be reduced accordingly. (e) It is understood that the provisions of subsection (d) immediately above shall only apply in cases where a market supplement is implemented after the date of ratification.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Market Supplement. (a) Where a market supplement is added to the base pay for an occupational field, the salary of each employee in a position in that field shall be adjusted by the full value of the market supplement. (b) Notwithstanding the provisions of 26.07 (a) above, where an employee is hired at a rate of pay above the minimum due to labour market pressure, and a market supplement is subsequently provided, the employee will not receive the market supplement provided they have been advised in writing at the time of their appointment. (c) Where a market supplement is subsequently increased, the additional supplement shall be added to each employee’s 's rate of pay according to the principles outlined in in (a) and (b) above. (d) Where a market supplement is subsequently reduced or deleted as determined by the Employer, the Employer shall provide 90 (ninety) days written notice to affected employees and the salary of each employee currently receiving the market supplement shall be reduced accordingly. (e) It is understood that the provisions of subsection (d) immediately above shall only apply in cases where a market supplement is implemented after the date of ratification.

Appears in 1 contract

Samples: Collective Agreement

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Market Supplement. (a) Where a market supplement is added to the base pay for an occupational field, the salary of each employee in a position in that field shall be adjusted by the full value of the market supplement. (b) Notwithstanding the provisions of 26.07 29.07 (a) above, where an employee is hired at a rate of pay above the minimum due to labour market pressure, and a market supplement is subsequently provided, the employee will not receive the market supplement provided they have been advised in writing at the time of their appointment. (c) Where a market supplement is subsequently increased, the additional supplement shall be added to each employee’s rate of pay according to the principles outlined in (a) and (b) above. (d) Where a market supplement is subsequently reduced or deleted as determined by the Employer, the Employer shall provide 90 (ninety) days written notice to affected employees and the salary of each employee currently receiving the market supplement shall be reduced accordingly. (e) It is understood that the provisions of subsection (d) immediately above shall only apply in cases where a market supplement is implemented after the date of ratification.

Appears in 1 contract

Samples: Collective Agreement

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