VACATION PAY - ON TERMINATION For employees hired before 1/1/93 who leave the employ of the Company will be paid vacation pay at the time of severance on the following percentage basis on the earnings of the employee for which vacation pay has not been previously paid. - Less than 5 years 4% - 5 years but less than 8 years 6% - 8 years but less than 15 years 8% -15 years but less than 20 years 10% -20 years but less than 30 years 12% Renewed day of , 2023. DENDOFF SPRINGS LIMITED UNITED STEELWORKERS ON BEHALF OF LU 2009 LETTER OF UNDERSTANDING No. 2 BETWEEN: Dendoff Springs Limited AND: United Steelworkers (On Behalf of Local Union 2009) RE: Union Initiation Fees Through bargaining the 2023-2026 collective agreement it was discovered that this has historically not been paid by members at Dendoff Springs. As per the United Steelworkers International Constitution, all newly hired members of the union are required to pay an initiation fee; typically, in the form of a one-time deduction. This is further defined in United Steelworkers Local 2009’s By-laws which dictate that the initiation fee is equal to eight (8) hours of pay times the base rate contained in the collective agreement in the workplace. Therefore, the parties agree to modify the collection of the initiation fee as follows: All new employee hired after June 1st, 2023 will have two hours of the base rate deducted bi-weekly each pay period until the initiation fee of eight (8) hours base rate is paid in full. Dated this day of , 2023.
