Placement on Wage Scale, where new Max rate is lower. If employee is currently at the Max rate of their wage scale, their wage remains unchanged until the wage scale catches up, at which point the employee will be placed at the Max rate. Until such time as the Max wage rate catches up, employees will be supplemented with a lump sum payment equal to the annual negotiated wage increase multiplied by their (wage rate*2080 hours). However, if the new Max wage rate exceeds their current wage rate by an amount less than the annual negotiated wage increase, the lump sum payment will be the difference between the annual negotiated wage increase and their new wage rate. These lump sum payments will continue each year in accordance with the above, until such time as they are no longer applicable.
Appears in 12 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
