Smoothing Reconciliation Clause Samples
The Smoothing Reconciliation clause establishes a process for adjusting and aligning financial or operational data over a specified period to account for fluctuations or discrepancies. Typically, this clause applies to situations where periodic payments, resource allocations, or performance metrics may vary due to external factors, and it sets out a method for averaging or correcting these differences at regular intervals. Its core practical function is to ensure fairness and stability in ongoing transactions or relationships by preventing short-term anomalies from causing disputes or imbalances.
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Smoothing Reconciliation. (a) When a Nurse’s scheduled rotation changes but the Nurse remains an employee, and has worked more time than the Nurse has been paid for, the Employer shall compensate the Nurse as follows:
(i) Give the Nurse time off on shift(s) the Nurse would otherwise be scheduled to work; or
(ii) Pay the Nurse at the Nurse’s straight time rate of pay for all hours worked in excess of hours paid.
(b) When a Nurse’s scheduled rotation changes but the Nurse remains an employee, and the Nurse owes the Employer time, the Employer shall with prior notice to the Nurse:
(i) Reduce the Nurse’s regular earnings to eliminate the debt; or
(ii) By mutual agreement with the Nurse, reduce the Nurse’s vacation earned by the amount owed to the Employer; or
(iii) Reduce the Nurse’s accumulated overtime earnings to eliminate the debt; or
(iv) By mutual agreement with the Nurse, schedule the Nurse to work additional shifts to eliminate the time owed; or
(v) Any combination of the above.
Smoothing Reconciliation. (a) When an Employee’s scheduled rotation changes but the Employee remains an Employee, and has worked more time than the Employee has been paid for, the Employer shall compensate the Employee by paying the Employee at the Employee’s straight time rate of pay for all hours worked in excess of hours paid.
(b) When an Employee’s scheduled rotation changes but the Employee remains an Employee, and the Employee owes the Employer time, the Employer shall with prior notice to the Employee: