Common use of Rate Adjustment Clause in Contracts

Rate Adjustment. An employee who is setback to a lower paid job because of technological change will receive the rate of pay of his regular job at the time of the setback for a period of three (3) working months. The displaced employee will receive an hourly rate based on each employee’s average hourly earnings on regular shifts during the season immediately prior to the displacement, for a period of three (3) working months. At the end of the three (3) working month period the rate of pay for the new regular job will apply to all employees setback due to technological change.

Rate Adjustment. An employee who is setback to a lower paid job because of technological change will receive the rate of pay of his their regular job at the time of the setback for a period of three (3) working months. The displaced employee will receive an hourly rate based on each employee’s average hourly earnings on regular shifts during the season immediately prior to the displacement, for a period of three (3) working months. At the end of the three (3) working month period the rate of pay for the new regular job will apply to all employees setback due to technological change.