Replacement Allowance. 1. The employee qualifies for a replacement allowance when he/she works in a higher-classified position for at least 50% of the time - for longer than two consecutive months. 2. The amount of the replacement allowance is 6% of the current monthly salary for each higher scale. 3. The replacement allowance does not apply to replacement during leave (such as vacation or sabbatical leave). 4. The replacement allowance is temporary in nature and will be paid in proportion to the employment contract. Wellbeing, sickness and invalidity Pension and death Other schemes Appendix 5. The replacement allowance is not a basis for the flex budget and is not pensionable. Working at Aegon Training and development Income Time and place
Appears in 4 contracts
Samples: Collective Labor Agreement, Collective Labor Agreement, Collective Labor Agreement
