Common use of Retroactive conversion Clause in Contracts

Retroactive conversion. In cases where this salary agreement is applied retroactively, the following applies to sick pay deductions etc., deductions for leave of absence and overtime payments made. Sick pay deductions etc. shall be converted individually as follows: Sick pay deductions up to and including the 14th calendar day shall be converted retroactively. There shall be no retroactive conversion for sick pay deductions as from the 15th calendar day, other than where the salary increase was taken into consideration in determining the sickness benefit. Deductions for leave of absence shall be converted retroactively. Conversion shall take place on an individual basis. Overtime payments shall be converted retroactively. Conversion shall take place on an individual basis.

Retroactive conversion. In cases where this salary agreement is applied retroactively, the following applies to sick pay deductions etc., deductions for leave of absence and overtime payments made. Sick pay deductions etc. shall be converted individually as follows: Sick pay deductions up to and including the 14th calendar day shall be converted retroactively. There shall be no retroactive conversion for sick pay deductions as from the 15th calendar day, other than where the salary increase was taken into consideration in determining the sickness benefit. Deductions for leave of absence shall be converted retroactively. Conversion shall take place on an individual basis. Overtime payments shall be converted retroactively. Conversion The conversion shall take place on an individual basisbe applied to the average salary increase for salaried employees at the company, unless it is locally agreed that the conversion shall be applied individually for each salaried employee.