Retroactive recalculation Sample Clauses

Retroactive recalculation. If this salary agreement is applied retroactively the following applies concerning deduc- tions for sickness etc., deductions for leave of absence and paid overtime compensation. Individual deductions for sickness etc. are recalculated as follows: • Deductions for sickness up to and including the 14th calendar day shall be recalculated retroactively. Retroactive recalculation shall not take place in respect of deductions for sickness from and including the 15th calendar day other than to the extent that the salary increase has been taken into account in setting the sickness benefit. • Deductions for leave of absence shall be recalculated retroactively. Recalculation shall be performed individually. • Overtime compensation shall be recalculated retroactively. Recalculation shall be performed individually for each salaried employee.
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Retroactive recalculation. In case this salary agreement is applied retroactively, the following shall apply regarding salary deductions for sick leave etc., leave of absence and paid-out overtime compensation. Individual recalculation of sick leave deductions etc. shall be made in accordance with the following: A sick leave deduction through the 14th calendar day shall be recalculated retroactively. No retroactive recalculation shall be made for sick leave deductions from the 15th calendar day, except to the extent the salary increase has been taken into consideration at the time the sick pay was determined. A deduction for leave of absence shall be recalculated retroactively. The recalculation shall be made individually. Overtime compensation shall be recalculated retroactively. The recalculation shall be made by the average salary increase for salaried employees at the company, unless a local agreement is made to the effect that the recalculation shall be made individually for each salaried employee.
Retroactive recalculation. The following applies regarding the recalculation of retroactive salary increases. The recalculation must be done individually for each em- ployee concerned.

Related to Retroactive recalculation

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

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