Minimum Hourly Wage. Company shall ensure that all contractors and subcontractors engaged directly by the Company or its Affiliates in the construction activities needed to implement the Colorado River Project provide minimum hourly wages to all their workers at the rate of at least $15.00 per hour, excluding benefits, bonuses, commissions and other non-guaranteed wages.
Minimum Hourly Wage. The Minimum Hourly Wage, excluding benefits, bonuses, commissions and other non-guaranteed wages, for all Employees and Contingent Staff holding New Full-time Jobs at all times during each Performance Year and each Payment Year must be at the rate of at least the Minimum Hourly Wage of $15.00 per hour. Company and its Affiliates commit to a Minimum Hourly Wage for its direct Employees and Contingent Staff that will escalate annually starting on January 1st of 2022, using the CPI-U index (U.S. city average, all items). The escalation rate for the duration of the contract will be set using the trailing 10-year compound annual growth rate of the CPI-U index, reset annually. In calculating the average Hourly Wage for purposes of establishing compliance with this Agreement, Company or its Affiliates may only include the base rate of compensation for the hours worked. Company or its Affiliates may not report as wages, for purposes of compliance with the Minimum Hourly Rate, bonuses, stock options, severance pay, the cash value of meals and lodging, tips and other gratuities, and employer contributions to deferred compensation plans, employer contributions to cafeteria plans, transportation benefits, and other employee benefits paid by employer, employer contributions to old-age, survivors, and disability insurance; health insurance; unemployment insurance; workers' compensation; and private pension and welfare funds. Employee contributions for these purposes, however, as well as money withheld for income taxes, and so forth, may be reported, even though they are deducted from the Employees’ and Contingent Staff’s gross pay.
Minimum Hourly Wage. The minimum hourly rate of pay for an appointment under this Agreement compensated hourly, will be based on the minimum pay during guaranteed funding specified in Section 2 divided by 1850 hours effective July 1, 2024. The minimum rate of hourly pay will increase effective each July 1 during the remaining term of this Agreement when the minimum pay in Section 2 increases annually. The rate of pay specified by this Section is a minimum and an employee may be compensated for additional work for the University, receive one-time awards, and receive any extra pay or higher pay amount in excess of this minimum amount.
Minimum Hourly Wage. As of the first full pay period following July 1, 2014, the minimum hourly wage for all covered Provider services shall be ten dollars and eighty cents ($10.80) per hour. All covered Providers must be paid at least this rate.
