SENIOR OFFICERS ALLOWANCE Sample Clauses

SENIOR OFFICERS ALLOWANCE. 17.1 An Officer who is a member of the bargaining unit who is assigned as a Master, Chief Engineer or Chief Electrical Engineer on vessels owned, operated, or chartered by the Company shall be paid a Senior Officers Allowance, in lieu of overtime and handover pay, and to compensate for the extra responsibilities associated with their respective positions. This Senior Officers Allowance shall be as follows:
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SENIOR OFFICERS ALLOWANCE. The Senior Officers’ Allowance is $414.00 per month. This allowance will be included as a portion of salary and used in the calculation for pension benefit purposes.
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