Common use of Payback Provisions Clause in Contracts

Payback Provisions. When trainee engineers engaged after the commencement of this agreement gain their certification, an amount equivalent to four weeks’ Second Engineer salary per year will be deducted by the Employer from the engineer’s remuneration. By agreement between the Employer and the engineer, this value may be in the form of a reduction in salary or a reduction in leave. Such deduction shall occur for each of the first two years employment as a qualified engineer at the rate of four weeks’ per year.

Payback Provisions. When trainee engineers Engineers engaged after the commencement of this agreement Agreement gain their certification, an amount equivalent to four weeks’ weeks Second Engineer salary per year will be deducted by the Employer Company from the engineerEngineer’s remuneration. By agreement between the Employer Company and the engineerEngineer, this value may be in the form of a reduction in salary or a reduction in leave. Such deduction shall occur for each of the first two years employment as a qualified engineer Engineer at the rate of four weeks’ per year.

Payback Provisions. When trainee engineers Engineers engaged after the commencement of this agreement Agreement gain their certification, an amount equivalent to four weeks’ weeks Second Engineer salary per year will be deducted by the Employer Company from the engineer’s Engineer's remuneration. By agreement between the Employer Company and the engineerEngineer, this value may be in the form of a reduction in salary or a reduction in leave. Such deduction shall occur for each of the first two years employment as a qualified engineer Engineer at the rate of four weeks’ weeks per year.