Common use of Reimbursement Rates Clause in Contracts

Reimbursement Rates. An allowance for the use of a privately owned vehicle, for travel on government business, when authorized by a branch head, shall be paid. The following formula shall be utilized to calculate the value of the allowances: Base Rate = 41.0¢/km based on a price of $1.00/litre of regular gasoline, (south of the 53rd) and 45.4¢/km (north of the 53rd parallel). The kilometer rates shall be adjusted based on the following ratio: o for every full 10.0¢ increase/decrease in the price per litre of regular gasoline from the base rate of $1.00/litre, there shall be a 1.0¢/km increase/decrease in the private vehicle kilometer reimbursement rates from the base rate of 41.0¢/km and 45.4¢/km respectively. o for a privately owned motorcycle the same formula shall apply however the base rate shall be 22.2¢/km and 24.5¢/km respectively. The private vehicle kilometer rates shall be determined based on the previous six (6) months average of regular gasoline prices in Winnipeg. A semi-annual review, for April 1 to September 30, and October 1 to March 31, will be conducted. Any increase or decrease resulting from a review shall be effective October 1 and April 1 respectively. The first potential adjustment would be scheduled to occur October 1st or April 1st, whichever occurs first, following the date of signing. For Employees Resident South of 53 North of 53

Reimbursement Rates. An allowance for the use of a privately owned vehicle, for travel on government Government business, when authorized by a branch head, shall be paid. The following formula shall be utilized to calculate the value of the allowances: Base Rate = 41.0¢/km based on a price of $1.00/litre of regular gasoline, (south of the 53rd) and 45.4¢/km (north of the 53rd parallel). The kilometer kilometre rates shall be adjusted based on the following ratio: o for every full 10.0¢ increase/decrease in the price per litre of regular gasoline from the base rate of $1.00/litre, there shall be a 1.0¢/km increase/decrease in the private vehicle kilometer kilometre reimbursement rates from the base rate of 41.0¢/km and 45.4¢/km respectively. o for a privately owned motorcycle the same formula shall apply however the base rate shall be 22.2¢/km and 24.5¢/km respectively. The private vehicle kilometer kilometre rates shall be determined based on the previous six (6) months average of regular gasoline prices in Winnipeg. A semi-annual review, for April 1 to September 30, and October 1 to March 31, will be conducted. Any increase or decrease resulting from a review shall be effective October 1 and April 1 respectively. The first potential adjustment would be scheduled to occur October 1st or April 1st, whichever occurs first, following the date of signing. For Employees Engineers Resident South of 53 North of 53