PRODUCTIVITY PREMIUM Sample Clauses
The PRODUCTIVITY PREMIUM clause establishes a financial incentive for achieving or exceeding specified productivity targets within a project or contract. Typically, this clause outlines the criteria for measuring productivity, such as output per hour or completion milestones, and details the calculation and payment of the premium if those targets are met or surpassed. By directly linking compensation to performance, the clause motivates parties to work efficiently and helps ensure that project goals are met on time or ahead of schedule.
PRODUCTIVITY PREMIUM. The Employer agrees to negotiate with the Union any incentive bonus system before implementing it, provided that the Union’s Negotiating committee will consist of, but not limited to, lead miners.
PRODUCTIVITY PREMIUM. (a) When the Employer contemplates establishing an incentive bonus system on the project the parties hereto agree such incentive system shall be mutually agreed upon with the employees concerned before being implemented. The Business Representative of the Union will assist the employees to finalize such incentive system if the employees so direct. Bonus to be posted and signed by Company Official.
(b) It is further understood that any incentive bonus premium schedule is part of the Collective Agreement and therefore subject to the same provisions such as grievance procedures, etc.
(c) Incentive bonus premium shall be paid over and above the employee's hourly rate, overtime premium, shift premium, compressed air premium, vacation with pay, traveling expense, welfare and pension contributions.
PRODUCTIVITY PREMIUM. When the Employer contemplates establishing an incentive bonus system on the project the parties hereto agree such incentive system shall be mutually agreed upon with the employees concerned before being implemented. The Business Representative of the Union will assist the employees to finalize such incentive system if the employees so direct. Bonus to be posted and signed by Company Official. It is further understood that any incentive bonus premium schedule is part of the Collective Agreement and therefore subject to the same provisions such as grievance procedures etc. Incentive bonus premium shall be paid over and above the employee's hourly rate, overtime premium, shift premium, compressed air premium, vacation with pay, traveling expense, welfare and pension contributions. It is agreed by the parties hereto that on all tunnel projects there shall be a member of Labourers' Union Local at the top of the shaft employed as a when work is in progress. Rates and conditions for the above work will be as per Board Area rates with the following exceptions: HOURS OF WORK Employees shall work Fifty (50) hours per week straight time, to be made up of Five (5) x Ten hour days, Monday through Friday.
PRODUCTIVITY PREMIUM. When the Employer contemplates establishing an incentive bonus system on the project the parties hereto agree such incentive system shall be mutually agreed upon with the employees concerned before being implemented. The Business Representative of the Union will assist the employees to finalize such incentive system if the employees so direct. Bonus to be posted and signed by Company Official. It is further understood that any incentive bonus premium schedule is part of the Collective Agreement and therefore subject to the same provisions such as grievance procedures, etc. bonus premium shall be paid over and above the employee's hourly rate, overtime premium, shift premium, compressed air premium, vacation with pay, traveling expense, welfare and pension contributions. It is agreed by the parties hereto that on all tunnel projects there shall be a member of Labourers' Union Local at the top of the shaft employed as a when work is in progress. Rates and conditions for the above work will be as per Board Area rates with the following exceptions:
PRODUCTIVITY PREMIUM. (a) The Employer agrees to negotiate with the Union any incentive bonus system before implementing it, provided that the Union’s Negotiating committee will consist of, but not limited to, lead miners.
(b) It is further understood that any incentive bonus premium schedule is part of the Collective Agreement and therefore subject to the same provisions, such as grievance procedure, etc.
(c) Incentive bonus premium shall be paid over and above the employee’s hourly rate, overtime premium, shift premium, compressed air premium, vacation with pay, travelling expense, welfare and pension contributions.
PRODUCTIVITY PREMIUM. For the duration of this agreement members of this bargaining unit will be paid a productivity premium of 2% of normal salary during the course of providing instruction for which the company has a commercial contract.
PRODUCTIVITY PREMIUM. When the Employer contemplates establishing an incentive bonus system on the project the parties hereto agree such incentive system shall be mutually agreed upon with the employees concerned before being implemented. The Business Representative of the Union will assist the employees to such incentive system if the employees so direct Bonus to be posted and signed by Company Official. It is further understood that any incentive bonus premium schedule is part of the collective agreement and therefore subject to the same provisions such as grievance procedures, etc. It is agreed by the parties hereto that on all tunnel projects there shall be a member of Labourers Union Local at the top of the shaft employed as a when work is in progress. A SCHEDULE APPLYING TO OPEN CUT SEWER AND WATERMAIN CONSTRUCTION IN COUNTY, NORTH OF HIGHWAY Rates and conditions for the above work will be as per rates with the following exceptions: