Common use of Remuneration to the employees Clause in Contracts

Remuneration to the employees. Where an agreement is reached on the adaptation of the provisions of this agreement to the needs of the company, or on other deviations from the agreed work structure, then an agreement shall also be reached on the employees’ share of the benefits that the company derives from these changes. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum each month or each quarter, a supplement reflecting their competence, a percentage supplement on their wages, a fixed sum added to their hourly rates or some other form, depending on what is agreed. The benefit to the company, however, and the remuneration to the employees must be clearly stated in the agreement. Both these elements are deviations from this agreement and may be abolished by termination under Section 5.7.

Appears in 4 contracts

Samples: Collective Wage Agreement, Wage Agreement, Wage Agreement

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Remuneration to the employees. Where an agreement is reached on the adaptation of the provisions of this agreement Agreement to the needs of the company, or on other deviations from the agreed work structure, then an agreement shall also be reached on the employees’ share of the benefits that the company derives from these changes. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum each month or each quarter, a supplement reflecting their competence, a percentage supplement on their wages, a fixed sum added to their hourly rates or some other form, depending on what is agreed. The benefit to the company, however, and the remuneration to the employees must be clearly stated in the agreement. Both these elements are deviations from this agreement Agreement and may be abolished by termination under Section 5.75.9.

Appears in 3 contracts

Samples: www.vr.is, www.fvsa.is, www.vr.is

Remuneration to the employees. Where an agreement is reached on the adaptation of the provisions of this agreement Agreement to the needs of the company, or on other deviations from the agreed work structure, then an agreement shall also be reached on the employees’ share of the benefits that the company derives from these changes. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum each month or each quarter, a supplement reflecting their competence, a percentage supplement on their wages, a fixed sum added to their hourly rates or some other form, depending on what is agreed. The benefit to the company, however, and the remuneration to the employees must be clearly stated in the agreement. Both these elements are deviations from this agreement Agreement and may be abolished by termination under Section 5.75.9.

Appears in 3 contracts

Samples: www.vr.is, www.landssamband.is, www.vr.is

Remuneration to the employees. ‌‌ Where an agreement is reached on the adaptation of the provisions of this agreement Agreement to the needs of the company, or on other deviations from the agreed work structure, then an agreement shall also be reached made on the employees’ share of the benefits that the company derives from these changes. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum each month or each quarter, a supplement reflecting their competence, a percentage supplement on their wages, a fixed sum added to their hourly rates or some other form, depending on what is agreed. The However, the benefit to the company, however, company and the remuneration to the employees must shall be stated clearly stated in the agreement. Both these elements are deviations from this agreement Agreement, and may be abolished by termination under Section Article 5.7.

Appears in 1 contract

Samples: Collective Agreement

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Remuneration to the employees. Where an agreement is reached on the adaptation of the provisions of this agreement Agreement to the needs of the company, or on other deviations from the agreed work structure, then an agreement shall also be reached made on the employees’ share of the benefits that the company derives from these changes. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum each month or each quarter, a supplement reflecting their competence, a percentage supplement on their wages, a fixed sum added to their hourly rates or some other form, depending on what is agreed. The However, the benefit to the company, however, company and the remuneration to the employees must shall be stated clearly stated in the agreement. Both these elements are deviations from this agreement Agreement, and may be abolished by termination under Section Article 5.7.

Appears in 1 contract

Samples: Collective Agreement

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