Retro Pay Sample Clauses
The Retro Pay clause establishes the employer's obligation to compensate employees for wages or benefits that should have been paid for work performed in the past, typically due to delayed contract negotiations or corrections to payroll errors. In practice, this clause applies when a new wage rate or benefit is agreed upon retroactively, requiring the employer to calculate and pay the difference owed for the affected period. Its core function is to ensure employees receive fair compensation for prior work, addressing discrepancies and maintaining trust in the payroll process.
Retro Pay. 53.1 Retro pay shall be paid to all Casuals, Terms, Retirees and those who have resigned who were working during the term covered to which the retro pay applies.
Retro Pay. The employee must be employed on the date of Union ratification to receive retro payments.
Retro Pay. When retroactive pay is negotiated, the retroactive payment shall be paid to all employees actively working during the retroactive period.
Retro Pay. All employees employed as of the date of ratification, and any employees that retired from the Palace Casino between the period of November 2, 2013, up to an including the date of ratification will receive three and one half (3.5%) percent retro pay on all hours worked between November 2, 2013, and November 2, 2014, and an additional three (3.0%) percent retro pay for all hours worked between November 2, 2014 and the date of ratification at the new rate of pay, less applicable withholding taxes. NOTE: Retro pay does not apply to any employee that voluntarily resigned, were terminated by the Employer, or did not pass their probationary period during the above mentioned period. This Letter of Understanding will remain in place for the duration of the Collective Bargaining Agreement at which time it may be removed, reviewed, cancelled, or renegotiated based upon the success of the program.
Retro Pay. Those persons, who are Material Specialists, paid at the thereafter rate anytime from the amendable date of August 16, 2008 to Date of Ratification and are still employees at the Date of Ratification, shall receive the retroactive wage payment. They will be paid on the first scheduled pay period after 120 days of Date of Ratification. Retroactive wage payments are based on the Materials Specialists compensation (401K eligible wages) for the period from August 16, 2008 to the DOR. Retroactive wage payments are based on the Materials Specialists compensation (401K eligible wages) for the period from August 16, 2008 to the DOR. Employees with less than 6 years of seniority and who are not leads shall receive a ratification bonus of 2% based on the Materials Specialists compensation (401K eligible wages) for the 12 month period from August 16, 2009 to August 15, 2010. Both the retroactive wage payment and the ratification bonus will be paid on the first scheduled pay period 120 days after DOR.
Retro Pay. All retro pay from July 1, 2007 until the implementation of this contract shall be paid in a lump sum payment no later than two pay periods following the ratification of this agreement.