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 the Act respecting labour standards (CQLR, c. N-1.1) and the National Holiday Act (CQLR, 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 3-3.09, following the adjustment provided for in clauses 3-3.11 and 3-3.12, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 The monetary compensation is paid monthly. The compensation is paid retroactively to 1 April 2015. 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 the Act respecting labour standards (CQLR, c. N-1.1) and the National Holiday Act (CQLR, 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 3-3.093.08, following the adjustment provided for in clauses 3-3.11 3.10 and 3-3.123.11, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 The monetary compensation is paid monthly. The compensation is paid retroactively to 1 April 2015. 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 the Act respecting labour standards (CQLR, c. N-1.1) and the National Holiday Act (CQLR, 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 3-3.093.08, following the adjustment provided for in clauses 3-3.11 3.10 and 3-3.123.11, and by multiplying the adjusted remuneration by 10.1%. 3-4.03 . The monetary compensation is paid monthly. The compensation is paid retroactively to 1 April 2015. 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.