Pay Guarantee. In addition, your annual base salary for each of 1999, 2000 and 2001 will not be less than $350,000 and your annual bonus will not be less than $7,150,000 ("Annual Bonus"). At least 70% of your Annual Bonus will be paid to you as current cash compensation. The remainder may be paid to you as a performance incentive in or based on the value of Deutsche Bank common stock. The initial value of that stock will be equal to the remaining amount of the Annual Bonus (the "Initial Value"). This portion of the Annual Bonus for each year will be paid and vested as follows: (i) 1999 - in three equal parts on each of the first, second and third anniversaries of the Merger, (ii) 2000 - in two equal parts on each of the second and third anniversaries of the Merger, and (iii) 2001 - in full on the third anniversary of the Merger. The amount of the bonus will fluctuate, based on the value of the stock, provided that the value at the time that the bonus is paid to you will not be less than 75% of its Initial Value on a U.S. dollar basis. Any 1999 pro rata bonus paid to you for the period prior to the Merger will count towards this guarantee. If you have a Qualifying Termination after the closing of the Merger and prior to December 31, 2001, then you will be paid in cash within five business days of the termination any unpaid compensation for the remainder of the guarantee period at the guaranteed level (whether or not originally payable in cash or stock) as if you had continued your employment through the end of such period. Any deferred bonus for a year prior to the year of termination will also vest and be paid, based on the value of Deutsche Bank stock, as described and subject to the 75% floor set forth above, whether such Qualifying Termination occurs before or after December 31, 2001.
Pay Guarantee. If a Nurse reports for work on her/his regular shift and is sent home for lack of work or if a Nurse is asked to report and is then sent home, the Nurse shall receive a minimum of four (4) hours' pay.
Pay Guarantee. Flight attendants will be paid a salary based upon the monetary value of their bid line after adjustment procedures have been completed or all compensation actually earned, whichever is greater. If a flight attendant decreases or increases her/his line projection, the pay guarantee will be decreased or increased by the same amount. If a flight attendant loses time due to operating irregularities, her/his pay will be protected to the monetary value of the line projection in accordance with the provisions of Section 5.K.1 and 3.
Pay Guarantee. Where the pay or pay cheque is not ready on the payday, a cheque for the full amount shall be issued. Where pay or pay-cheque is under-calculated by 4 hours or more, the Company will make every reasonable effort to provide the employee with the cheque for the difference by the end of the employee’s shift on Friday following pay-day.
Pay Guarantee. An Employee reporting for work on their regular shift and sent home by the Employer due to an act of God or some other emergency suspending operations or a particular facility shall be their regular rate of pay for the balance of the Employee's Where an Employee has accumulated sick leave credits and where the Employee must leave work due to personal illness, provided that the Employee has at work for at least one hour, there shall be no deduction from the accumulated sick leave credits for the first half day of absence. The Board's current practice on cancelled shifts due to inclement weather shall remain in full force and effect during the life of this Agreement
Pay Guarantee. Pay for regular employees in jobs that are affected by work redesign, regional lack of work, or certain disability situations, will be guaranteed at no less than their current rate of pay, as provided for in Section 11.4 within this Agreement.
Pay Guarantee. Where the pay or paycheque is not ready on the payday, a cheque for the full amount shall be issued.
Pay Guarantee. 1. In a Bid Period in which she/he takes uninterruptable days off, the IFC shall be paid five (5) hours per day regardless of whether the time is pre-blocked or not.
Pay Guarantee. The Company guarantees to each employee with seniority pay equivalent to thirty-seven hours of work at the employee’s regular rate of pay for each week of work. However, notwithstanding the Articles of this Collective Agreement, the Company may, for each shift in a department, reduce the weekly guarantee to thirty-two hours to a maximum of ten weeks per year. Such guarantee shall be reduced by any or all of the following: For every hour worked and/or paid, hour for hour. For all time lost by the employee due to lateness or absence from work. For refusing to perform the work assigned, in accordance with below. It is understood that the Company shall be free to distribute work within all departments and to transfer employees from one department to another, provided the work does not involve extreme changes in working conditions. The weekly pay guarantee will only apply to employees hired prior to October ARTICLE JOB POSTING When a permanent job vacancy occurs within a branch department, employees within that branch department shall be permitted at their request to be considered for the vacancy under the conditions outlined in the provisions of Section When a vacancy within a branch department cannot be satisfactorily filled from within the branch department affected, the Company will post notice of vacancy throughout the plants for a period of three working days and employees will be considered under the conditions outlined in the provisions of Section Only the original plus three subsequent vacancies will be posted. In the event that an employee is absent due to sickness, accident or vacation when a vacancy is posted, the Xxxxxxx may apply on behalf of such employee so that the employee may be considered for the position, provided that he or she returns to work within a reasonable period of time. The employee on leave of absence shall be excluded from the job posting clause. The Company will not be required to consider an employee who has been transferred as a result of the provisions of this clause within the previous six months. New employees will be excluded from the job posting clause for the first year of their employment. Employees with less than three years’ seniority with the Company can only bid for a job opening in his group or in a group of a higher pay than their own. Temporary Vacancies Temporary vacancies created as a result of a change in production or introduction of a new process expected to be at least thirteen weeks in duration will be po...
Pay Guarantee. An employee reporting for work on his regular shift shall be paid his regular rate of pay for the entire period of work, with a minimum of four (4) hours Shift Premium A shift premium of cents per hour, shall be paid for hours worked with respect to shifts in which the majority of hours are worked between and a.m.
