SALARIES - Second Year Sample Clauses
The 'SALARIES - Second Year' clause sets out the terms and amounts of employee compensation for the second year of employment under an agreement. Typically, this clause specifies the salary figures, any scheduled increases, and may outline conditions for adjustments such as performance reviews or cost-of-living changes. Its core function is to provide clear expectations for both employer and employee regarding pay in the second year, reducing the risk of misunderstandings or disputes about compensation as the employment relationship continues.
SALARIES - Second Year. The Company and SEAC shall meet 60 days prior to March 1, 2011, to negotiate salaries for the period March 1, 2011 to February 29, 2012. All other terms and conditions will remain effective for the duration of the contract. The parties agree to reopen the Collective Agreement for the sole purpose of negotiating salaries for the period covering March 1, 2011 to February 29, 2012. If the parties are unable to agree by May 31, 2011 on salaries for the period covering March 1, 2011 to February 29, 2012, the matter may be referred to an arbitrator in accordance with the arbitration provisions in the Agreement within fifteen (15) days of the parties’ last meeting about salaries. The arbitrator so appointed shall choose one of the parties’ salary proposals.