Rates and Increments Sample Clauses
The 'Rates and Increments' clause defines how payment rates are set and adjusted over time within a contract. Typically, it specifies the initial rates for goods or services and outlines the conditions or formulas for future increases, such as annual percentage adjustments or changes tied to inflation indices. This clause ensures both parties understand how costs may change during the contract term, providing predictability and helping to prevent disputes over payment adjustments.
Rates and Increments a) Wage Rates for Helpers in the first term shall be that specified in the Wage Supplement.
b) An Apprentice who passes his/her test shall receive an increment agreed to between the Company and the Union during his/her second term as a Helper.
c) The Wage Rate for an Improver shall be that as specified in the Wage Supplement.
d) An Apprentice who passes a test in the fourth (4th) period of vocational training shall receive an increment agreed to between the Company and the Union during his/her second term as an Improver.
e) Persons employed as Journeymen, and who are certified as such, shall receive the certified rate for the trade as agreed to between the Company and the Union.
Rates and Increments a) Wage rates for helpers in the first term shall be that specified in the Wage Supplement. An Apprentice who passes test shall receive an increment agreed to between the Company and the Union during this second (2nd) term year as a Helper. The wage rate for an Improver shall be that as specified in the Wage Supplement.
Rates and Increments a) Wage Rates for Helpers in the first term shall be that specified in the Wage Supplement.
b) An Apprentice who passes his test shall receive the wage rate as specified in the wage supplement.
c) The Wage Rate for an Improver shall be that as specified in the wage supplement.
d) An Apprentice who passes a test in the fourth (4th) period of vocational training shall receive the wage rate as specified in the wage supplement.
e) Persons employed as Journeymen, and who are certified as such, shall receive the certified rate for the trade as specified in the wage supplement.
Rates and Increments. Wage rates for Apprentices in the first year of the program shall be that specified in the attached wage supplement. On successful completion of the first period of training at the vocational school, an Apprentice who passes his test shall be reclassified and paid the Apprentice 2nd year rate. On successful completion of the second period of training at the vocational school, an Apprentice who passes the test shall be reclassified and paid the Apprentice 3rd year rate. On successful of the third period of training at the vocational school, an Apprentice who passes his test shall be reclassified and paid the Apprentice 4th year rate.