Minimum Wage Gap Guarantee Sample Clauses
Minimum Wage Gap Guarantee. After the date of ratification, in the event of a minimum wage increase in the Province, the Company will provide all employees with an adjusted increase in their pay classifications of not less than the same amount as the minimum wage increase. This increase will be effective on the date of the next annual increase. (Example: Assume that the minimum wage increases on April 1, 2009 and the employees receive their annual increase on July 1, 2009. On July 1st each employee will receive an adjusted increase of not less than the increase in the Provincial minimum wage. To clarify this let us assume that on July 1, 2009, the rate category shows the employee is to receive a thirty-six (36¢) cents an hour increase. The minimum wage has increased forty (40¢) cents per hour on April 1st. In this case the employees will receive forty (40¢) cents an hour increase effective on July 1st. If the annual increase is more than the increase in the Provincial minimum wage then the employee will receive only their annual increase.)
Minimum Wage Gap Guarantee. At no time will the Employer pay less than twenty-five ($0.25) cents per hour above the minimum wage rate set by the Province of Manitoba.
Minimum Wage Gap Guarantee. The Parties agree that, for the duration of this Collective Agreement, Appendix B-3 – Minimum Wage Gap Guarantee shall be of no force or effect. The Parties further agree that this Letter of Understanding shall terminate effective August 31, 2026.
Minimum Wage Gap Guarantee. All of the above noted rates in Appendix A-1 will increase when minimum wage increases by the same amount as the minimum wage increase (ie: if the minimum wage rate goes up by 25¢ on April 1st, 2004, the start rate for the general site guard will increase from $7.50 per hour to $7.75 per hour on the same date as the minimum wage increase).