Parties of the second part agree to pay minimum wage of ten dollars ($10.00) per week for a period of the first six months, twelve dollars ($12.00) per week the second six months, fourteen dollars ($14.00) per week after twelve months’ experience, sixteen dollars ($16.00) per week after eighteen months’ experience. This is not to result in the discharge of any clerk when the in crease in salary is due. This is not to reduce the wage of any clerk now employed at higher wages. This wage scale is based on the forty-eight (48) hour work week. It is agreed that all over time shall be paid time and one-third.
Parties of the. SECOND PART The Sellers and the Buyers being collectively referred to hereinafter as the "Parties".