Modern Award Sample Clauses

Modern Award. Consistent with s.57 of the Act, the General Retail Industry Award 2010 is displaced in its entirety by this Agreement except where clauses are explicitly incorporated by this Agreement.
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Modern Award. (a) Subject to subclause (b) and (c), and (d) this Agreement incorporates the Manufacturing and Associated Industries and Occupations Award 2020 as varied from time to time. (b) In incorporating the Award terms into this Agreement, they are to be read as altered to incorporate necessary changes resulting from them being provisions of an Agreement rather than provisions of the Award. For example, the words "this Award" would become "this Agreement". (c) Where there is any inconsistency between the terms of this Agreement and the terms of the Award being incorporated into this Agreement, this Agreement will take precedence to the extent of any inconsistency. (d) Notwithstanding any other provision in this clause, nothing in this clause incorporates any term dealing with Long Service Leave or Superannuation. (e) For the remainder of this document, subclauses (a), (b) and (c) above will be referred to as the "Incorporated Terms".
Sample 1
Modern Award. 5.1 For Employees who would otherwise, but for the operation of this Agreement, be covered by the Award, all the terms and conditions of the Award will apply to the relevant Employees according to the work being performed, save that the rates of pay applicable to the Employees must be at least 1% higher than those in the Award at all times during the life of this Agreement. 5.2 All rates of pay will be escalated in line with the National Wage Determination such escalation to take effect on 1 July each year provided however that the rates of pay will be further escalated on 1 July each year to ensure that each employee is always 1% above the Award rate at all times. 5.3 Should there be any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the Award, the terms and conditions of this Agreement will prevail to the extent of the inconsistency.
Sample 1
Modern Award a) This Agreement operates to the exclusion of any modern or other award, including the Manufacturing and Associated Industries and Occupations Award 2010 as amended from time to time. b) However, no employee will be disadvantaged in terms of yearly salary (averaged) by the operation of this Agreement. The Company guarantees that over a twelve-month period, no individual will be financially disadvantaged in total remuneration when what they have earned under this Agreement is compared with what they would have earned under a wage based on the Award.
Sample 1
Modern Award. In addition to this Contract, your employment will be regulated by the [Insert Award] (‘Award’), however, the Award is not incorporated into, and does not form part of, this Contract.
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Related to Modern Award

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • The Award All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whether such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, the fee in the Leased Premises, or otherwise. The Tenant hereby assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to make its independent claim for and retain any portion of any award made by the appropriating authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal of fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tenant.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

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