Third General Wage Increase Clause Samples
Third General Wage Increase. Effective July 1, 2027 all hourly, daily, weekly and monthly rates of pay for employees covered by this Agreement in effect on June 30, 2027 shall be increased in the amount of three-and-one-half (3.5) percent applied so as to give effect to this increase in pay irrespective of the method of payment. The increase provided for in this Section 3 shall be applied in the same manner as provided for in Section 1 hereof.
Third General Wage Increase. Effective July 1, 1999, all standard basic daily rates of pay in effect on June 30, 1999 for employees represented by the United Transportation Union shall be increased by three-and-one-half (3%) percent, computed and applied in the same manner prescribed in Paragraph 1. above.
Third General Wage Increase. On January 1, 2004, hourly rates of pay of positions covered by this agreement will be increased as described herein. The hourly rate of pay of each such position shall be increased by the amount equal to one-half (1/2) of the difference between such rate of pay and the average hourly rate of pay applicable on that date to the same job classification on the KCS.
Third General Wage Increase. Effective August 1, 2024, basic hourly and monthly rates of pay in effect on the preceding day for employees covered by this Agreement shall be increased in the amount of four and one half percent (4.5%) representing a general wage increase. A productivity bonus in the amount of $1,000 shall be made to each employee who performed active service under the collective bargaining agreement between January 1 and November 30, 2024 and who: (1) maintains an active employment relationship with the company as of December 1, 2024; or (2) retired or died on or after January 1, 2024. In determining new hourly rates, fractions of a cent will be disposed of by applying the next higher quarter of a cent.
Third General Wage Increase. On January 1, 2025, the basic hourly rate of pay will be increased by 4.5%: