Pay Rate Indexation Sample Clauses

Pay Rate Indexation.Β The basic hourly rates of pay will be increased in accordance with Decisions of the Australian Fair Pay Commission (AFPC) or any superseding federal wage fixing body. Where a weekly increase is provided the amount will be divided by 38 and adjusted to the nearest cent. The Company may absorb any such increases into any over Agreement rates paid to an employee as part of its attraction and retention policies.
Sample 1
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Pay Rate Indexation.Β The rates of will be increased in accordance with Decisions of the Australian Fair Pay Commission (AFPC). Increases will be adjusted to the nearest cent. The Company may absorb any such increases into any over Agreement rates paid to an employee as part of its attraction and retention policies.
Sample 1

Related to Pay Rate Indexation

  • Indexation 14.1 The formula applicable to this paragraph 14 is: 𝑅𝑑 = π‘…π‘‘βˆ’1 ● (1 + (πΆπ‘ƒπΌπ‘‘βˆ’1βˆ’πΆπ‘ƒπΌπ‘‘βˆ’2)) πΆπ‘ƒπΌπ‘‘βˆ’2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

  • Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • SALARY RATES Section 12.1 The following shall apply to full-time employees:

  • Mileage Rates The mileage rate shall be the maximum allowed by the Internal Revenue Service. If the IRS rate should change during the term of the contract, the contract rate shall change also on the date specified by the IRS.

  • Y-Rate The Board of Supervisors may adopt a Y-rate to apply to: (1) an employee who would suffer an actual decrease in salary as a result of action taken by the County, without fault or inability on the part of the employee, or (2) an employee who is changing from one (1) class series to another, as a normal consequent of career development through the County's upward mobility program, and the salary of the class the employee enters in the new class series is less than the salary the employee was receiving in the former class. A Y-rate means a salary rate, for an individual employee, which is greater than the established range for the class.

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