Common use of Retroactive Payments Clause in Contracts

Retroactive Payments. (a) Retroactive payments that result from the implementation of this Article, less the offsets provided in Articles II, Part A, and III, Part B, shall be made to employees in two payments as follows: (i) Forty (40) percent of the amount due each eligible employee will be paid within sixty days after notice of ratification. (ii) The remaining sixty (60) percent will be paid to each eligible employee on or before the anniversary date of the date of the first payments. (b) Eligibility for retroactive payments shall be limited to those employees who were on the payroll as of December 1, 2007, including sick leave, disability (excluding disability retirement), temporary suspension on December 1, 2007, furlough or leave of absence.

Appears in 4 contracts

Samples: Wage Agreement, Wage and Rule Agreement, Wage Agreement

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