Common use of Basic Hourly Wages Clause in Contracts

Basic Hourly Wages. 1. An employee whose rate of pay upon the Effective Date of this Agreement would be less than the rate the employee received on the day prior to the Effective Date will be protected at the higher rate until the date on which the employee’s rate of pay under this Agreement equals or exceeds the rate of pay the employee received prior to the Effective Date. The Company may at its discretion hire employees within a classification(s) at any location at higher than the starting pay rate. Existing employees within such classification(s) at the location receiving less than the new starting pay rate will be brought up to the new starting pay rate. Employees transferring to other locations will be paid in accordance with the pay rates for that location. The following hourly rates will prevail on the beginning of the pay period closest to the effective date. 2. Basic Hourly Wages: Years of Pay Seniority Step Effective 02/23/24 Effective 5/01/2024 Effective 5/01/2025 Less than 1 Year 1 $19.77 $20.36 $20.97 1 but less than 2 Years 2 $20.73 $21.36 $22.00 2 but less than 3 Years 3 $22.67 $23.35 $24.05 3 but less than 4 Years 4 $24.00 $24.72 $25.46 4 but less than 5 Years 5 $25.39 $26.15 $26.93 5 but less than 6 Years 6 $26.89 $27.70 $28.53 6 but less than 7 Years 7 $28.66 $29.52 $30.41 7 but less than 8 Years 8 $30.41 $31.32 $32.26 8 but less than 9 Years 9 $32.63 $33.61 $34.61 9 but less than 10 Years 10 $34.84 $35.89 $36.96 10 Years or More 11 $43.84 $45.15 $46.51 C. Premiums Effective February 23, 2024 employees may also be eligible for the following premiums in addition to their basic hourly pay rate for all hours compensated under this Agreement: 1. Lead Premium: $3.00per hour.