Common use of Completion Payment Clause in Contracts

Completion Payment. Subject to the conditions set out in this clause, an Employee may qualify for the payment of the completion payment of $20.00 per day. To qualify for the completion payment, an Employee must be ready, willing and available to work as directed for those hours that they are normally required to work by the Company, including, in case of Employees who are not engaged on shift work, regular rostered overtime. (i) Completion payment shall accrue during the Employee’s employment on the Project and is payable when the Employee terminates or is terminated from the Project. (ii) Completion payment accrues during any day an Employee is: (a) carrying out normal work; (b) on paid leave; (c) on rostered days off; (d) on workers’ compensation for a maximum of two weeks. (iii) Completion payment does not accrue for the day during any period of: (a) unpaid leave; (b) unauthorised leave; (c) other unauthorised absence. (iv) An Employee forfeits completion payment that may accrue in any day in which the Employee engages in any form of industrial action.