PREDICTABLE INCOME Sample Clauses
The Predictable Income clause is designed to ensure that a party receives a consistent and reliable stream of payments over a specified period. In practice, this clause may set out a fixed payment schedule, define the amount and timing of each payment, and outline any conditions under which payments may be adjusted or suspended. By establishing clear expectations for income flow, the clause provides financial stability and helps both parties plan and manage their obligations more effectively.
PREDICTABLE INCOME. Catholic Community Services and SEIU775 share the goal of eliminating poverty through just wages, benefits, and working conditions. Predictable income is a key factor in helping people rise out of poverty. The work in home care is unpredictable due to the changing needs of clients, collectively and individually. While both employer and employee may desire a full-time schedule with predictable start and stop times, this is often impossible. The parties agree to develop and to pilot a program that allows for predictable and consistent hours for caregivers, using the dispatched HCA position as a starting point. The Labor Management Committee will develop this program. In the event a decision is reached by the Labor Management Committee; such decision shall not become effective until approved by both the Union and the Employer and shall be reduced to writing. The program will begin no later than July 1, 2020. Data collected and recommendation will be reported out of the LMC. The Employer will invest three cents ($0.03) per every hour worked to this program beginning July 1, 2020 (excluding vacation, PTO and training hours).