Common use of TIME RATES Clause in Contracts

TIME RATES. A personal time rate (in cents per hour or euros per month) of not less than the basic wage shall be paid to an employee for time rate work. The time rate shall comprise the basic wage and any time rate element. The time rate element shall comply with the principles applied in determining the basic wage. The element may be graded, for example in accordance with the principles governing the individual pay element. The personal time rate set for an employee shall not be reduced when the employee’s basic wage changes unless there are substantial and pressing grounds of the kind referred to in the Employment Contracts Act, or unless otherwise agreed between the employer and the employee.

TIME RATES. A personal time rate (in cents per hour or euros per month) of not less than the basic wage shall be paid to an employee for time rate work. The time rate shall comprise the basic wage and any time rate element. The time rate element shall comply with the principles applied in determining the basic wage. The element may be graded, for example in accordance with the principles governing the individual pay element. The personal time rate set for an employee shall not be reduced when the employee’s basic wage changes unless there are substantial and pressing grounds of the kind referred to in the Employment Contracts ActAct2, or unless otherwise agreed between the employer and with the employee.