Remuneration Increase Sample Clauses
Remuneration Increase a) Effective from 1 January 2024, the following increase will apply:
Remuneration Increase increase to all printed rates from the date the collective agreement is signed.
Remuneration Increase. On the Commencement Date of this Agreement (1 January 2023), members of TIASA who are covered by this Agreement shall receive the following increase to their salary/wages:
i. For kaimahi earning less than $75,000 pa, an increase of 5%;
ii. For kaimahi earning greater than or equal to $75,000 pa, an increase of 4%. 2 Ngā tikanga | Definitions
Remuneration Increase. 10.1 It is agreed that base weekly remuneration (under the replaced collective agreement) prior to the Commencement Date will be increased as follows:
(a) 4% from the first full pay period to commence on or after the Commencement Date; and
(b) 4% from the first full pay period to commence on or after the 12 month anniversary of the Commencement Date, resulting in the Base/Average Weekly Remuneration (as appropriate) referred to in the Appendices.
10.2 In the first pay period to commence on or after the Commencement Date, the Company will pay the Employees back pay as though the Employees’ base weekly remuneration (under the replaced collective agreement) prior to the Commencement Date had increased by 4% from the first full pay period to commence on or after 1 July 2008.
Remuneration Increase. 16.1. The hourly base rate of pay will increase annually in the first full pay cycle in July by the preceding modern award percentage increase as determined by the National Minimum Wage Order by the FWC for the life of the Agreement.
16.2. The Company, in its discretion based on employee performance, conduct and other criteria, may enter into an arrangement with an Employee to pay that Employee remuneration in excess of their classification in clause 15. Payment of the higher remuneration may be discontinued in circumstances where the Company deems the employee’s performance and/or conduct is assessed as not meeting its standards.
16.3. Where an employee is in receipt of actual hourly rates in excess of the effective hourly rates in clause 15 (and as increased as per clause 16.1 above), then the increase in clause
16.1 above may be absorbed provided that at no time will an employee be paid less than the applicable classification in the Agreement.
