Common use of Retroactive Compensation Clause in Contracts

Retroactive Compensation. The Employer agrees to pay all employees who are on the payroll as of the date ratification 2016 of this Agreement, retroactive compensation for all hours worked, including paid vacation, from Sunday October 25, 2015 to the Sunday after ratification 2016 of the collective agreement. This retroactivity shall be paid within thirty (30) days of ratification to all current bargaining unit employees. To illustrate how these extra off-scale bumps work, please refer to the examples below: Example #1 Active employees who are on the payroll as of ratification 2016 and are currently at $10.45 on the wage scale: Active employees who are on the payroll as of ratification 2016 and are currently at $10.45 on the wage scale: Pay Scale for Employees Hired After Ratification April 9, 2016: Accumulated Hours Hourly Rates 8001 - 8500 $13.50 $13.70 7501 – 8000 $12.90 $13.10 7001 - 7500 $12.60 $12.80 6501 – 7000 $12.30 $12.50 6001 – 6500 $12.00 $12.20 5501 - 6000 $11.70 $11.90 5001 – 5500 $11.50 $11.70 4501 – 5000 $11.35 $11.55 4001 – 4500 $11.20 $11.40 3501 - 4000 $11.05 $11.25 3001 – 3500 $10.95 $11.15 2501 – 3000 $10.85 $11.05 2001 – 2500 $10.75 $10.95 1501 – 2000 $10.70 $10.90 1001 – 1500 $10.65 $10.85 501 - 1000 $10.60 $10.80