Common use of Monetary Compensation Clause in Contracts

Monetary Compensation. 3-4.01 In accordance with section 34 of the Act respecting the representation of resources, an integrated, overall percentage of 10.1% stands in lieu of monetary compensation for days of leave equivalent to those paid under and described in sections 60, 67, 68, 69, 80, 81, and 81.1 of, the Act respecting labour standards (chapter N-1.1) and the National Holiday Act (chapter F- 1.1). 3-4.02 The monetary compensation is calculated on the resource’s monthly remuneration, by application of clauses 3-3.06 to 3-3.12, following the adjustment provided for in clauses 3-3.14 and 3-3.15, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 The compensation is paid retroactively to 1 January 2012. 3-4.04 The monetary compensation is paid on a monthly basis. In accordance with section 33 of the Act respecting the representation of resources, the resource receives an amount for certain services corresponding to its needs in relation to fringe benefits.

Monetary Compensation. 3-4.01 In accordance with section 34 of the Act respecting the representation of resources, an integrated, overall percentage of 10.1% stands in lieu of monetary compensation for days of leave equivalent to those paid under and described in sections 60, 67, 68, 69, 80, 81, and 81.1 of, the Act respecting labour standards (chapter CQLR, c. N-1.1) and the National Holiday Act (chapter F- 1.1CQLR, c. F-1.1). 9 As of the 1st of the month after the signing of this agreement, the amount of the maximum adjustment is revised at $3,910.06. 3-4.02 The monetary compensation is calculated on the resource’s monthly remuneration, by application of remuneration defined in clauses 3-3.06 to 3-3.123.08, following the adjustment provided for in clauses 3-3.14 3.10 and 3-3.153.11, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 The compensation is paid retroactively to 1 January 2012. 3-4.04 . The monetary compensation is paid on a monthly basismonthly. In accordance with section 33 of the Act respecting the representation of resources, the resource receives an amount for certain services corresponding to its needs in relation to fringe retirement benefits.. This amount is calculated monthly on the amount due to the resource by application of articles 3-

Monetary Compensation. 3-4.01 In accordance with section 34 of the Act respecting the representation of resources, an integrated, overall percentage of 10.1% stands in lieu of monetary compensation for days of leave equivalent to those paid under and described in sections 60, 67, 68, 69, 80, 81, and 81.1 of, the Act respecting labour standards (chapter CQLR, c. N-1.1) and the National Holiday Act (chapter F- 1.1CQLR, c. F-1.1). 3-4.02 The monetary compensation is calculated on the resource’s monthly remuneration, by application of clauses 3-3.06 to 3-3.123.09, following the adjustment provided for in clauses 3-3.14 3.11 and 3-3.153.12, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 The compensation is paid retroactively to 1 January 2012. 3-4.04 The monetary compensation is paid on a monthly basis. In accordance with section 33 of the Act respecting the representation of resources, the resource receives an amount for certain services corresponding to its needs in relation to fringe benefits.