Common use of Senior scheme Clause in Contracts

Senior scheme. The employee may join a senior scheme starting five years before the current retirement age for the employee. As part of the senior scheme, the employee may choose to use payments into the Optional Pay Account to finance senior leave. If the employee wants to take further senior days off, he or she can do so by converting current pension contributions, cf. clause 34. The converted pension contribution is also deposited in the employee's Optional Pay Account. The employee and the employer may agree that the employee, starting five years before the senior scheme can be initiated, sets aside the value of non-taken holiday days, cf. the Collective Agreement of Industry, Clause 18 (2), and accumulates this. This value may be paid out as additional senior leave. According to this provision, the number of senior days off that can be taken may, as a maximum, correspond to the amount set aside, cf. the payment below. When an employee takes senior days off, the Optional Pay Account is reduced by an amount corresponding to pay during sickness. Unless otherwise agreed, the employee must, by 1 August (in 2020: 1 April), notify the company in writing of whether the employee wishes to be included in a senior scheme with senior leave in the coming holiday period, and if so, how much of the pension contribution the employee wishes to convert to pay. In addition, the employee must report how many senior days off the employee wishes to take in the coming holiday period. This choice is binding for the employee and will continue in the following holiday periods. However, the employee may each year, before 1 August (in 2020: 1 April), notify the employer whether he or she wishes to make changes for the coming holiday period. For 2020, the choice applies to the period May 1, 2020 – August 31, 2021. In the first year of the senior scheme, the conversion starts from the pay period in which the employee is five years from the current retirement age. Unless otherwise agreed, the scheduling of senior days off follows the same rules that apply to the scheduling of holiday days, cf. clause 18 (2). Alternatively, instead of senior days off, employee and employer may agree on worktime reduction, for example as longer continuous work-free periods or a fixed reduction in the number of weekly working hours. In the event of an agreement on fixed reduction in the weekly working hours, the converted pension contribution can be paid continuously as a supplement to the wage. The conversion does not change existing, collectively agreed bases for calculation and is thus cost-neutral for the employer. Clause 26 Waiting time‌ Where, due to causes beyond his/her control, an employee has waiting time because of machine stoppage, furnace stoppage, weather conditions, shortage of materials or the like or because of an unacceptably low workshop temperature, and the employee concerned is not transferred to other work for which a different payment has been fixed, the employee shall • in the case of piecework - receive his/her average earnings from both piecework and time-rate work in the preceding quarter, and • in the case of time-rate work - continue to receive his/her usual time rate. However, any existing arrangements shall not be impaired by this provision.‌ Clause 27 Lay-off Attendance in vain Where an employee attends for work and through no fault of his/her own is sent home without having been set to work, he/she shall receive, as payment for attending for work in vain, the normal payment for four hours' time-rate work. If he/she is sent home due to other employees' stoppage of work, the enterprise shall be exempted from any obligation to pay. However, employees who have been asked by the enterprise to attend for work during a strike and who can prove that they attended for work without being set to work shall be entitled to payment under the first paragraph. Note Enterprises in the fishing industry and poultry dressing stations - see Special Part, clause 1and 2. Weather Employees may be sent home without pay if the weather conditions for outdoor work make it impossible to perform the work. Employees who have been sent home shall resume work once the unfavourable weather conditions are no longer present.‌ Clause 28 Pay periods/Payment of wages Subclause (1) Unless otherwise agreed locally, the pay period shall be two weeks and shall normally be reckoned from the beginning of a calendar week. Wages shall be paid on the first succeeding Thursday after the end of the pay period. If, for administrative reasons, it is found to be more expedient to prolong the period between the end of the pay period and the pay day, an agreement concerning payment of wages on Fridays may be made locally. Subclause (2) Payment may be changed to monthly pay. A transition to monthly pay must be notified at least 2 months in advance. The pay shall be at the employee's disposal no later than the last banking day of the month. In connection with a transition to monthly payment, the employee may request an advance payment equal to the net pay this employee would have received during the next pay period unless otherwise agreed. The requested advance payment shall be paid out on the day that the 14-day pay is not fully paid for the first time. The amount shall be repaid as pay deductions over the following 12 months with 1/12 of the advance amount per month unless otherwise agreed. However, the remaining amount shall be deducted at the last payment if the employee resigns. Subclause (3) In enterprises where the majority of the employees are covered by another collective agreement than the present one, the employees covered by this Agreement shall follow the pay period and payment of wages rules which apply to the majority of the employees.

Senior scheme. The employee may join a senior scheme starting five years before the current retirement age for the employee. As part of the senior scheme, the employee may choose to use payments into the Optional Pay Account to finance senior leave. If the employee wants to take further senior days off, he or she can do so by converting current pension contributions, cf. clause 348. The converted pension contribution is also deposited in the employee's Optional Pay Account. The employee and the employer may agree that the employee, starting five years before the senior scheme can be initiated, sets aside the value of non-taken holiday days, cf. the Collective Agreement of Industry, Clause 18 clause 12 (212), and accumulates this. This value may be paid out as additional senior leave. According to this provision, the number of senior days off that can be taken may, as a maximum, correspond to the amount set aside, cf. the payment below. When an employee takes senior days off, the Optional Pay Account is reduced by an amount corresponding to pay during sickness. Unless otherwise agreed, the employee must, by 1 August (in 2020: 1 April), notify the company in writing of whether the employee wishes to be included in a senior scheme with senior leave in the coming holiday period, and if so, how much of the pension contribution the employee wishes to convert to pay. In addition, the employee must report how many senior days off the employee wishes to take in the coming holiday period. This choice is binding for the employee and will continue in the following holiday periodsperiod. However, the employee may each year, before 1 August (in 2020: 1 April), notify the employer whether he or she wishes to make changes for the coming holiday period. For In 2020, the choice applies to the period May 1, 2020 – August 31, 2021. In the first year of the senior scheme, the conversion starts from the pay period in which the employee is five years from the current retirement age. Unless otherwise agreed, the scheduling of senior days off follows the same rules that apply to the scheduling of holiday days, cf. clause 18 12 (212). Alternatively, instead of senior days off, employee and employer may agree on worktime reduction, for example as longer continuous work-free periods or a fixed reduction in the number of weekly working hours. In the event of an agreement on fixed reduction in the weekly working hours, the converted pension contribution can be paid continuously as a supplement to the wage. The conversion does not change existing, collectively agreed bases for calculation and is thus cost-neutral for the employer. Clause 26 Waiting time‌ Where, due to causes beyond his/her control, an employee has waiting time because 5 Calculation of machine stoppage, furnace stoppage, weather conditions, shortage pay for part of materials or the like or because of an unacceptably low workshop temperature, and the employee concerned is not transferred to other work for which a different payment has been fixed, the employee shall • in the case of piecework - receive his/her average earnings from both piecework and time-rate work in the preceding quarter, and • in the case of time-rate work - continue to receive his/her usual time rate. However, any existing arrangements shall not be impaired by this provision.‌ Clause 27 Lay-off Attendance in vain Where an employee attends for work and through no fault of his/her own is sent home without having been set to work, he/she shall receive, as payment for attending for work in vain, the normal payment for four hours' time-rate work. If he/she is sent home due to other employees' stoppage of work, the enterprise shall be exempted from any obligation to pay. However, employees who have been asked by the enterprise to attend for work during a strike and who can prove that they attended for work without being set to work shall be entitled to payment under the first paragraph. Note Enterprises in the fishing industry and poultry dressing stations - see Special Part, clause 1and 2. Weather Employees may be sent home without pay if the weather conditions for outdoor work make it impossible to perform the work. Employees who have been sent home shall resume work once the unfavourable weather conditions are no longer present.‌ Clause 28 Pay periods/Payment of wages month Subclause (1) Unless otherwise agreed locally, Where the pay period shall be two weeks and shall normally be reckoned from the beginning of a calendar week. Wages shall be paid on the first succeeding Thursday after the end of the pay period. If, for administrative reasons, it is found to be more expedient to prolong calculated for individual days in connection with a person taking up or resigning from employment during the period between the end of the pay period and the pay daymonth, an agreement concerning payment of wages on Fridays may be made locally. Subclause (2) Payment may be changed to monthly pay. A transition to monthly pay must be notified at least 2 months in advance. The such pay shall be calculated as the monthly pay on a full-time basis divided by 160.33 multiplied by the effective working hours that the person concerned is to be at work. Effective working hours shall include the working hours that fall on a weekday holiday which would otherwise be the employee's disposal no later than the last banking day of the month. In connection with a transition to monthly payment, the employee may request an advance payment equal to the net pay this employee would have received during the next pay period unless otherwise agreed. The requested advance payment shall be paid out on the day that the 14-day pay is not fully paid for the first time. The amount shall be repaid as pay deductions over the following 12 months with 1/12 of the advance amount per month unless otherwise agreed. However, the remaining amount shall be deducted at the last payment if the employee resigns. Subclause (3) In enterprises where the majority of the employees are covered by another collective agreement than the present one, the employees covered by this Agreement shall follow the pay period and payment of wages rules which apply to the majority of the employeesnormal working day.

Senior scheme. The employee may join a senior scheme starting five years before the current retirement age for the employee. As part of the senior scheme, the employee may choose to use payments into the Optional Pay Account to finance senior leave. If the employee wants to take further senior days off, he or she can do so by converting current pension contributions, cf. clause 348. The converted pension contribution is also deposited in the employee's Optional Pay Account. The employee and the employer may agree that the employee, starting five years before the senior scheme can be initiated, sets aside the value of non-taken holiday days, cf. the Collective Agreement of Industry, Clause 18 clause 12 (211), and accumulates this. This value may be paid out as additional senior leave. According to this provision, the number of senior days off that can be taken may, as a maximum, correspond to the amount set aside, cf. the payment below. When an employee takes senior days off, the Optional Pay Account is reduced by an amount corresponding to pay during sickness. Unless otherwise agreed, the employee must, by 1 August (in 2020: 1 April), notify the company in writing of whether the employee wishes to be included in a senior scheme with senior leave in the coming holiday periodyear, and if so, how much of the pension contribution the employee wishes to convert to pay. In addition, the employee must report how many senior days off the employee wishes to take in the coming holiday periodyear. This choice is binding for the employee and will continue in the following holiday periodscalendar years. However, the employee may each year, before 1 August (in 2020: 1 April)April 1, notify the employer whether he or she wishes to make changes for the coming holiday period. For 2020, the choice applies to the period May 1, 2020 – August 31, 2021year. In the first year of the senior scheme, the conversion starts from the pay period in which the employee is five years from the current retirement age. Unless otherwise agreed, the scheduling of senior days off follows the same rules that apply to the scheduling of holiday days, cf. clause 18 12 (211). Alternatively, instead of senior days off, employee and employer may agree on worktime reduction, for example as longer continuous work-free periods or a fixed reduction in the number of weekly working hours. In the event of an agreement on fixed reduction in the weekly working hours, the converted pension contribution can be paid continuously as a supplement to the wage. The conversion does not change existing, collectively agreed bases for calculation and is thus cost-neutral for the employer. Clause 26 Waiting time‌ WhereNote: The provision will enter into force on 1 March 2017, due to causes beyond his/her control, an employee has waiting time because of machine stoppage, furnace stoppage, weather conditions, shortage of materials or the like or because of an unacceptably low workshop temperature, and the employee concerned is but employees will not transferred to other work for which a different payment has been fixed, the employee shall • in the case of piecework - receive his/her average earnings from both piecework and time-rate work in the preceding quarter, and • in the case of time-rate work - continue to receive his/her usual time rate. However, any existing arrangements shall not be impaired by this provision.‌ Clause 27 Lay-off Attendance in vain Where an employee attends for work and through no fault of his/her own is sent home without having been set to work, he/she shall receive, as payment for attending for work in vain, the normal payment for four hours' time-rate work. If he/she is sent home due to other employees' stoppage of work, the enterprise shall be exempted from any obligation to pay. However, employees who have been asked by the enterprise to attend for work during a strike and who can prove that they attended for work without being set to work shall be entitled to payment under take senior days off before the first paragraph. Note Enterprises in the fishing industry and poultry dressing stations - see Special Part, clause 1and 2. Weather Employees may be sent home without pay if the weather conditions for outdoor work make it impossible to perform the work. Employees who have been sent home shall resume work once the unfavourable weather conditions are no longer present.‌ Clause 28 Pay periods/Payment of wages Subclause (1) Unless otherwise agreed locally, the pay period shall be two weeks and shall normally be reckoned from the beginning of a calendar week. Wages shall be paid on the first succeeding Thursday after the end of the pay period. If, for administrative reasons, it is found to be more expedient to prolong the period between the end of the pay period and the pay day, an agreement concerning payment of wages on Fridays may be made locally. Subclause (2) Payment may be changed to monthly pay. A transition to monthly pay must be notified at least 2 months in advance. The pay shall be at the employee's disposal no later than the last banking day of the month. In connection with a transition to monthly payment, the employee may request an advance payment equal to the net pay this employee would have received during the next pay period unless otherwise agreed. The requested advance payment shall be paid out on the day that the 14holiday year 2017-day pay is not fully paid for the first time. The amount shall be repaid as pay deductions over the following 12 months with 1/12 of the advance amount per month unless otherwise agreed. However, the remaining amount shall be deducted at the last payment if the employee resigns. Subclause (3) In enterprises where the majority of the employees are covered by another collective agreement than the present one, the employees covered by this Agreement shall follow the pay period and payment of wages rules which apply to the majority of the employees2018.