Common use of Times of use of average Clause in Contracts

Times of use of average. hourly earnings‌‌ The average hourly earnings reckoned for various quarterly periods according to the preceding clauses shall be used as follows: • average hourly earnings for the 4th quarter of the preceding year during February, March and April • average hourly earnings for the 1st quarter of the year during May, June and July • average hourly earnings for the 2nd quarter of the year during August, September and October, and • average hourly earnings for the 3rd quarter of the year during November, December and January. The monthly earnings and quarterly periods referred to in this clause shall be calculated to begin and end according by financial period. If a financial period is divided across two monthly or quarterly periods, then it shall be counted towards the monthly or quarterly period with the larger number of regular working hours.

Times of use of average. hourly earnings‌‌ The average hourly earnings reckoned for various quarterly periods according to the preceding clauses shall be used as follows: • average hourly earnings for the 4th quarter of the preceding year during February, March and April • average hourly earnings for the 1st quarter of the year during May, June and July • average hourly earnings for the 2nd quarter of the year during AugustXxxxxx, September and October, and • average hourly earnings for the 3rd quarter of the year during November, December and January. The monthly earnings and quarterly periods referred to in this clause shall be calculated to begin and end according by financial period. If a financial period is divided across two monthly or quarterly periods, then it shall be counted towards the monthly or quarterly period with the larger number of regular working hours.