Common use of Rate Adjustment Clause in Contracts

Rate Adjustment. An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of their regular job at the time of the set-back for a period of three (3) months and for a further period of three (3) months they will be paid an adjusted rate which will be mid-way between the rate of the regular job at the time of the set-back and the rate of their new regular job. At the end of this six (6) month period the rate of their new regular job will apply. However, such employee will have the option of terminating their employment and accepting severance pay as outlined in Section 5 below, providing they exercise this option within the above referred to six (6) month period.

Rate Adjustment. (a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of their his regular job at the time of the set-back setback for a period of three (3) months and for a further period of three (3) months they he will be paid an adjusted rate which will be mid-way midway between the rate of the his regular job at the time of the set-back setback and the rate of their his new regular job. At the end of this six (6) six-month period the rate of their his new regular job will apply. However, such employee will have the option of terminating their his employment and accepting severance pay as outlined in Section 5 below, providing they exercise he exercises this option within the above referred above-referred-to six (6) six-month period.

Rate Adjustment. An employee who is set back to a lower paid job because of mechanization, technological change change, or automation will receive the rate of their his regular job at the time of the set-back setback for a period of three (3) months months, and for a further period of three (3) months they months, he will be paid an adjusted rate which will be mid-way midway between the rate of the this regular job at the time of the set-back setback and the rate of their his new regular job. At the end of this six (6) month period period, the rate of their his new regular job will apply. However, such employee will have the option of terminating their his employment and accepting severance pay as outlined in Section 5 18:04 below, providing they exercise he exercises this option within the above referred to six (6) six-month period.

Rate Adjustment. An employee who is set back to a lower paid job job, in accordance with Article because of mechanization, technological change or automation will receive the rate of their his regular job at the time of the set-back for a period of three (3) months and for a further period of three (3) months they he will be paid an adjusted rate which will be mid-way midway between the rate of the his regular job at the time of the set-back and the rate of their his new regular job. At the end of this six (6) month period the rate of their his new regular job will apply. However, such employee will have the option of terminating their his employment and accepting severance pay as outlined in Section 5 belowabove, providing they exercise he exercises this option within the above referred to six (6) month periodperiod referred to above.

Rate Adjustment. An employee who is set back to a lower paid job because of mechanization, technological change change, or automation will receive the rate of their regular job at the time of the set-back for a period of three (3) months and for a further period of three (3) months they will be paid an adjusted rate which will be mid-way between the rate of the regular job at the time of the set-back and the rate of their new regular job. At the end of this six (6) month period the rate of their new regular job will apply. However, such employee will have the option of terminating their employment and accepting severance pay as outlined in Section 5 below, providing they exercise this option within the above referred to six (6) month period.