Common use of Improvement Factor Clause in Contracts

Improvement Factor. The improvement factor provided herein recognizes the principle that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, effective December 15, 2003 each employee covered by this Agreement shall receive an improvement factor increase in his straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table II: Straight Time Hourly Wage Rate Wage Increase Less than $28.17 84¢ per hour 28.17 – 28.49 85¢ per hour 28.50 – 28.83 86¢ per hour 28.84 – 29.16 87¢ per hour 29.17 – 29.49 88¢ per hour 29.50 – 29.83 89¢ per hour 29.84 – 30.16 90¢ per hour 30.17 – 30.49 91¢ per hour 30.50 – 30.83 92¢ per hour 30.84 – 31.16 93¢ per hour 31.17 – 31.49 94¢ per hour 31.50 – 31.83 95¢ per hour 31.84 – 32.16 96¢ per hour 32.17 – 32.49 97¢ per hour 32.50 – 32.83 98¢ per hour 32.84 – 33.16 99¢ per hour 33.17 – 33.49 $1.00 per hour 33.50 – 33.83 $1.01 per hour 33.84 – 34.16 $1.02 per hour 34.17 – 34.49 $1.03 per hour 34.50 – 34.83 $1.04 per hour 34.84 – 35.16$1.05 per hour The increase in base rates provided for in this Subsection will be added to the full base hourly rate for each classification.

Improvement Factor. The improvement factor provided herein recognizes the principle that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, effective December 1518, 2003 2000 each employee covered by this Agreement shall receive an improvement factor increase in his straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table II: Straight Time Hourly Wage Rate Wage Increase Less than $28.17 24.17 72¢ per hour 24.17 – 24.49 73¢ per hour 24.50 – 24.83 74¢ per hour 24.84 – 25.16 75¢ per hour 25.17 – 25.49 76¢ per hour 25.50 – 25.83 77¢ per hour 25.84 – 26.16 78¢ per hour 26.17 – 26.49 79¢ per hour 26.50 – 26.83 80¢ per hour 26.84 – 27.16 81¢ per hour 27.17 – 27.49 82¢ per hour 27.50 – 27.83 83¢ per hour 27.54 – 28.16 84¢ per hour 28.17 – 28.49 85¢ per hour 28.50 – 28.83 86¢ per hour 28.84 – 29.16 87¢ per hour 29.17 – 29.49 88¢ per hour 29.50 – 29.83 89¢ per hour 29.84 – 30.16 90¢ per hour 30.17 – 30.49 91¢ per hour 30.50 – 30.83 92¢ per hour 30.84 – 31.16 93¢ per hour 31.17 – 31.49 94¢ per hour 31.50 – 31.83 95¢ per hour 31.84 – 32.16 96¢ per hour 32.17 – 32.49 97¢ per hour 32.50 – 32.83 98¢ per hour 32.84 – 33.16 99¢ per hour 33.17 – 33.49 $1.00 per hour 33.50 – 33.83 $1.01 per hour 33.84 – 34.16 $1.02 per hour 34.17 – 34.49 $1.03 per hour 34.50 – 34.83 $1.04 per hour 34.84 – 35.16$1.05 per hour The increase in base rates provided for in this Subsection will be added to the full base hourly rate for each classification.hour