Common use of METHOD OF DETERMINING PERCENTAGE WAGE INCREASE Clause in Contracts

METHOD OF DETERMINING PERCENTAGE WAGE INCREASE. The percentage wage increase will be determined by calculating the projected wage increase that each employee will receive during the contract year as a percentage of the total wages paid during the previous contract year to employees still employed as of the termination date of the present contract. In calculating the wages paid for the previous contract year, the following procedures will apply: a) the total base salary for all employees on June 30 (or such date as agreed to by both parties) of the previous contract year, less one-half (l/2) of the total cost of all annual increment steps effected on January 1 of the previous contract year; b) all other adjustments and anomalies will be excluded from the calculation.

METHOD OF DETERMINING PERCENTAGE WAGE INCREASE. The percentage wage increase will be determined by calculating the projected wage increase that each employee will receive during the contract year as a percentage of the total wages paid during the previous contract year year, to employees still employed as of the termination date of the present contract. In calculating the wages paid for the previous contract year, the following procedures will apply: a) the total base salary salary, for all employees on June 30 (or such date as agreed to by both parties) of the previous contract year, less one-half (l/2) of the total cost of all annual increment steps effected on January 1 of the previous contract year; b) all other adjustments and anomalies will be excluded from the calculation.

METHOD OF DETERMINING PERCENTAGE WAGE INCREASE. The percentage wage increase will be determined by calculating the projected wage increase that each employee will receive during the contract year as a percentage of the total wages paid during the previous contract year year, to employees still employed as of the termination date of the present contract. In calculating the wages paid for the previous contract year, the following procedures will apply: a) the total base salary salary, for all employees on June 30 (or such date as agreed to by both parties) of the previous contract year, less one-half (l/2) of the total cost of all annual increment steps effected on January 1 of the previous contract year; b) all other adjustments and anomalies will be excluded from the calculation. This page last modified on February 2004.

METHOD OF DETERMINING PERCENTAGE WAGE INCREASE. The percentage wage increase will be determined by calculating the projected wage increase that each employee will receive during the contract year as a percentage of the total wages paid during the previous contract year year, to employees still employed as of the termination date of the present contract. In calculating the wages paid for the previous contract year, the following procedures will apply: a) the total base salary salary, for all employees on June 30 (or such date as agreed to by both parties) of the previous contract year, less one-half (l/2) of the total cost of all annual increment steps effected on January 1 of the previous contract year; b) ; all other adjustments and anomalies will be excluded from the calculation.