FOR THE EMPLOYER FOR THE UNION: Xxxxxxx Siemens Xxxxxx Xxxx Labour Relations Officer Xxxxx Xxxxx Xxxxxx Xxxxxxx APPENDIX "A" – RATES OF PAY Registered Nurse Step July 1, 2019 July 1, 2020 Start $30.14 $30.59 1 Year $31.43 $31.91 2 Years $32.46 $32.95 3 Years $34.20 $34.71 4 Years $35.58 $36.11 5 Years $37.28 $37.84 6 Years $38.92 $39.50 7 Years $42.22 $42.86 8 Years $45.62 $46.31
Termination by the Employee The Employee may terminate his employment at any time for any reason, including but not limited to Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Employee has complied with the “Good Reason Process” (hereinafter defined) following the occurrence of any of the following events: (i) a material diminution in the Employee’s title, responsibilities, authority or duties; (ii) a diminution in the Employee’s base salary or target bonus opportunity except for across-the-board salary reductions based on the Company’s financial performance similarly affecting all senior management employees of the Company; (iii) a greater than fifty (50) mile change in the principal office location at which the Employee provides services to the Company; or (iv) the material breach of any provisions of this Agreement by the Company. “Good Reason Process” shall mean that (i) the Employee reasonably determines in good faith that a “Good Reason” condition has occurred; (ii) the Employee notifies the Company in writing of the occurrence of the Good Reason condition within 60 days of the Employee obtaining knowledge of the occurrence of such condition; (iii) the Employee cooperates in good faith with the Company’s efforts, for a period not less than 30 days following such notice (the “Cure Period”), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) the Employee terminates his employment within 60 days after the end of the Cure Period. If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred.
Duties of the Employee Employee shall serve as the President of the Corporation. Employee shall do and perform all services, acts, or things necessary or advisable to manage and conduct the business of the Corporation consistent with such position subject to such policies and procedures as may be established by the Board.