Common use of Interim Rates Clause in Contracts

Interim Rates. If the Management, in accordance with the provisions of this Section, shall cancel an existing incentive applicable to any work prior to the establishment of the new incentive which is to replace it, or if an Employee shall perform work which, except for one of the changes specified in paragraph (c) of this Section, would have continued to be paid for on an incentive basis, during the period preceding the establishment of the new incentive on such work each Employee who shall perform such work shall be paid, for all such work performed by him, at an interim hourly rate. Such interim hourly rate shall be equal to the average hourly earnings (not including overtime compensation or shift or Sunday premiums) of all Employees who were assigned to the job on which the work was performed during the 3 months' period next preceding the cancellation or non-payment of such existing incentive or, in the case of a new job as to which there is a requirement to install an incentive, such rate as shall be reasonably related to the average excess above standard hourly wage rates paid on the related jobs being replaced, giving due regard to the relationship of earnings in the promotional sequence involved. In any event, it may be such other interim hourly rate as shall be agreed to by the Management and the Union Incentive Committee. If they fail to agree, then it may be such other interim hourly rate as shall be agreed to by the respective Step No. 4 representatives of the parties. Such interim hourly rate shall be paid to such Employee only so long as he maintains the average performance on such job during such prior 3 months' period. If he voluntarily maintains a performance appreciably below such average performance of such prior 3 months' period, after notification to such