Common use of Proration Formula Clause in Contracts

Proration Formula. For employees who are regularly scheduled to work less than seventy-five (75) hours in a two (2) week period, accrual and payment of all benefits including shared cost arrangements shall be on a basis. The proration percentage shall be determined by calculating the hours paid share of premiums benefits, and holiday pay as follows: Total Months Entitlement Each employee may use her entitlement to purchase any or all of the lump sum benefits, Dental, Life Insurance. Hours paid calculating proration formula will include and paid sick leave. When an is on:

Appears in 1 contract

Samples: Collective Agreement

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Proration Formula. For employees Employees who are regularly scheduled to work less than seventy-five (75) hours in a two (2) week period, accrual and payment of all benefits including shared cost arrangements shall be on a basis. The proration percentage shall be determined by calculating the hours paid share of premiums benefits, and holiday pay in the previous predetermined six month period as follows: Total Months Entitlement Each employee may use her entitlement to purchase any or all of the lump sum benefits, Dental, Life Insurance. Insurance Hours paid calculating proration formula will include and paid sick leave. When an employee is on:

Appears in 1 contract

Samples: Collective Agreement

Proration Formula. For employees who are regularly scheduled to work less than seventy-five (75) hours in a two (2) week period, accrual and payment of all benefits including shared cost arrangements shall be on a basis. The proration percentage shall be determined by calculating the hours paid share of premiums benefits, and holiday pay as follows: Total Months Entitlement Each employee may use her entitlement to purchase any or all of the lump sum benefits, Dental, Life Insurance. Hours paid in calculating proration formula will include Workers' Compensation and paid sick leave. When an employee is on:

Appears in 1 contract

Samples: Collective Agreement

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Proration Formula. For employees Employees who are regularly scheduled to work less than seventy-five (75) hours in a two (2) week period, accrual and payment of all benefits including shared cost arrangements shall be on a basis. The proration percentage shall be determined by calculating the hours paid share of premiums benefits, and holiday pay in the previous predetermined six month period as follows: Total Months Entitlement Each employee may use her entitlement to purchase any or all of the lump sum benefits, Dental, Life Insurance. Insurance Hours paid in calculating proration formula will include and paid sick leave. When an employee is on:

Appears in 1 contract

Samples: Collective Agreement

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