Common use of MONTHLY VARIABLE COMPONENT Clause in Contracts

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary range. (2) The Institution and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes to the MVC portion will be subject to mutual agreement by the Institution and the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will shall form part of the total monthly basic salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and shall count towards the staff’s salary range. (2) The Institution and the Union will continue with the practice of setting aside 10% of the total monthly basic salary as MVC. Any changes or trigger to the MVC portion will be subject subjected to negotiation and mutual agreement by the Institution and with the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will shall form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and shall count towards the staff’s salary range. (2) The Institution Hospital and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes or trigger to the MVC portion will be subject subjected to negotiation and mutual agreement by the Institution and with the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary range. (2) The Institution Hospital and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes to the MVC portion will be subject to mutual agreement by the Institution Hospital and the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing the basic rate of pay under the Employment Act, CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary range. (2) The Institution Hospital and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes to the MVC portion will be subject to mutual agreement by the Institution Hospital and the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary rangebasic salary. (2) The Institution JurongHealth and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes to the MVC portion will be subject to mutual agreement by the Institution JurongHealth and the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will shall form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and shall count towards the staff’s salary range. (2) The Institution NUHS and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes or trigger to the MVC portion will be subject subjected to negotiation and mutual agreement by the Institution and with the Union.

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary range. (2) The Institution JurongHealth and the Union will continue with the practice of setting aside 10% of the total monthly salary as MVC. Any changes to the MVC portion will be subject to mutual agreement by the Institution JurongHealth and the Union.