Common use of Rate Protection Clause in Contracts

Rate Protection. In the case of ‘red-circled’ employees, such employees shall receive eighty percent (80%) of the wage increase applicable to the standard for the job in which they are the incumbents until such time as the red circle differential disappears. ‘Red-circled’ employees who are fifty-five (55) years of age or over on the date that any increase becomes effective shall receive the full amount of the standard increase.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Rate Protection. 19.01 In the case of ‘red-“red circledemployees, such employees shall receive eighty percent per cent (80%) of the wage increase applicable to the standard for the job in which they are the incumbents until such time as the red circle differential disappears. ‘Red-“Red circledemployees who are fifty-five (55) years of age or over on the date that any increase becomes effective shall receive the full amount of the standard increase.five

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Rate Protection. 19.01 In the case of ‘red-"red circled" employees, such employees shall receive eighty percent per cent (80%) of the wage increase applicable to the standard for the job in which they are the incumbents until such time as the red circle differential disappears. ‘Red-"Red circled" employees who are fifty-five (55) years of age or over or who have had twenty (20) years of service or over on the date that any increase becomes effective shall receive the full amount of the standard increase.

Appears in 1 contract

Samples: Collective Agreement

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