Common use of – Ratification/Contract Finalization Payment Clause in Contracts

– Ratification/Contract Finalization Payment. In consideration of ratification and/or finalization of this Agreement, employees who are covered by this collective bargaining agreement and are on the active payroll as of March 6, 2003, and November 14, 2004, shall receive a one-time two percent (2%) lump sum ratification payment in pay period that includes December 1, 2004. This two percent (2%) payment shall be based on the annualization of the top step rate of the pay range in which the employee is in on November 14, 2004, and is not to be included in the wage base. Less than full-time employees shall receive a pro-rated amount based on the number of hours worked in the twenty-six

– Ratification/Contract Finalization Payment. In consideration of ratification and/or finalization of this Agreement, employees who are covered by this collective bargaining agreement and are on the active payroll as of March 6, 2003, 2003 and November 14, 2004, shall receive a one-time two percent (2%) lump sum ratification payment in pay period that includes December 1, 2004. This two percent (2%) payment shall be based on the annualization of the top step rate of the pay range in which the employee is in on November 14, 2004, and is not to be included in the wage base. Less than full-time employees shall receive a pro-rated amount based on the number of hours worked in the twenty-sixsix (26) pay periods preceding November 14, 2004. This payment shall not be subject to PERS or OSHPRS withholding.

– Ratification/Contract Finalization Payment. In consideration of ratification and/or finalization of this Agreement, employees who are covered by this collective bargaining agreement and are on the active payroll as of March 6, 2003, 2003 and November 14, 2004, shall receive a one-time two percent (2%) lump sum ratification payment in pay period that includes December 1, 2004. This two percent (2%) payment shall be based on the annualization of the top step rate of the pay range in which the employee is in on November 14, 2004, and is not to be included in the wage base. Less than full-time employees shall receive a pro-rated amount based on the number of hours worked in the twenty-sixsix (26) pay periods preceding November 14, 2004. This payment shall not be subject to PERS or OSHPRS withholding.