QUANTUM AND TIMING Clause Samples
The "Quantum and Timing" clause defines the amount (quantum) and the schedule (timing) for the delivery of goods, services, or payments under a contract. It typically specifies how much of a product or service is to be provided and sets deadlines or milestones for when these obligations must be fulfilled. For example, it may require delivery of a certain quantity of materials by specific dates or set out a payment schedule tied to project phases. This clause ensures both parties have a clear understanding of what is to be delivered and when, reducing the risk of disputes over performance or delays.
QUANTUM AND TIMING. The parties to this agreement agree to the payment of salary increases in return for productivity and efficiency measures contained in this agreement
QUANTUM AND TIMING. Wage increases will apply on and from the dates specified below to the ordinary hours payment specified in Schedule A to employees covered under Clause 2 of this Agreement. Implementation date Percentage Increase 7/11/02 4.0% 7/11/03 4.0% SIGNATORIES Signed for and on behalf of AFCT by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Manager, Organisational Development ...........................................................
QUANTUM AND TIMING. In consequence of the ongoing commitment of Council and the employees to this Agreement, Council agrees to the following payments.
QUANTUM AND TIMING. The following payments will be made under this Agreement. Payments are pro-rata for part-time employees:
(a) On the first full pay period commencing on or after 1 July 2022, a pay increase of 2.25% or $32 gross per week, whichever is greater;
(b) On the first full pay period commencing on or after 1 July 2023, a percentage pay increase of 3.25% or $42 gross per week, whichever is the greater;
(c) On the first full pay period commencing on or after 1 July 2024, a pay increase of 2.75% or $35 gross per week or a percentage pay increase equal to 90% of the official rate cap as advised by the Minister for Local Government for the 2024/25 financial year, whichever is the greater. Employees who are on total employment packages and employed under Clause 58 of this Agreement shall not be entitled to receive the wage increases set out in this section. Details of the increase in weekly rates in the first and second years of the Agreement are detailed in Appendix 1. The increase in weekly rates in Year 3 of the Agreement will dependent on the increase as set out above in 64(c). An updated pay rate schedule for 2024/2025 will be made available to employees and parties to the Agreement prior to 30 June 2024.
QUANTUM AND TIMING. 15.1 Subject to clauses 15.2 and 15.3, the parties agree to the payment of three instalments over a three-year period. Instalments to be paid as follows: • A 3.5% increase on the current salary rates referred to in clause 14.1 effective from 17 May 2007. • An increase of $1,073 for all employees effective from 17 May 2007. • Introduction of an additional 1% employer superannuation contribution for employees with 5 or more years of service. • A 4% increase on the 17 May 2007 salaries as referred to in clause 14.1, effective from 17 May 2008. • Introduction of an additional 1% employer superannuation contribution for employees with 10 or more years of service. • A 4% increase on the 17 May 2008 salaries as referred to in clause 14.1, effective from 17 May 2009. • Introduction of an additional 1% employer superannuation contribution for employees with 15 or more years of service.
15.2 The parties to this Agreement undertake that the second and third instalments will be paid after agreed satisfactory achievement has been made in meeting Key Performance Indicators referred to under clause 11.
15.3 Vision Super at its discretion, may increase the third and final instalment if it is considered that such action is necessary in order to maintain relative competitiveness within the superannuation industry.
QUANTUM AND TIMING i. The classification pay rates applicable for Band 1 – 8 employees under this Agreement are outlined in Appendix 1.
ii. The classification pay rates applicable for Maternal and Child Health Services employees under this Agreement are outlined in Appendix 2.
iii. The first instalment of 3% or $40 (whichever is the greater) increase payable from the first pay period commencing on or after 1 July 2024.
iv. The second instalment of 3% or $40 (whichever is the greater) increase payable from the first pay period, commencing on or after 1 July 2025.
v. The third instalment 3% or $40 (whichever is the greater) increase payable from the first pay period, commencing on or after 1 July 2026.
QUANTUM AND TIMING. Wage increases shall apply as follows:
QUANTUM AND TIMING. 8.1 New classifications and related pay rates have been established for this Agreement and shall apply from the date of commencement of this Agreement.
8.2 It is also agreed that a CPI increase in salaries and wages shall be paid to all employees covered by this Agreement effective the first of January 2007, 2008 and 2009.
8.3 The CPI increases in 8.2 will be based on the National Weighted Average Index for the previous four quarters.
QUANTUM AND TIMING. The first 3% salary increase shall be effective for all employees covered by this Agreement from the date of lodgement with Industrial Relations Victoria. This first increase becomes payable on the date of lodgement with the Office of Employment Advocate. The second salary increase shall be payable from 30 March 2008. The third salary increase shall be payable from 30 March 2009. The total increase available to employees over the life of this agreement is 9%. The current rates of pay and the adjusted rates of pay are set out in Appendix A.
QUANTUM AND TIMING. The following payments will be made under this Agreement. Payments are pro-rata for part-time employees:
(a) On the first full pay period commencing on or after 1 July 2022, a pay increase of 2.25% or $32 gross per week, whichever is greater;
(b) On the first full pay period commencing on or after 1 July 2023, a percentage pay increase of 3.25% or $42 gross per week, whichever is the greater;
(c) On the first full pay period commencing on or after 1 July 2024, a pay increase of 2.75% or $35 gross per week or a percentage pay increase equal to 90% of the official rate cap as advised by the Minister for Local Government for the 2024/25 financial year, whichever is the greater. Details of the rates are shown in Schedule 2.
