Economic Stability definition

Economic Stability means the project contributes to the resilience of the regional forest related economies as reflected in forest-based employment and outputs, and costs of goods and services. Regional economic stability is best achieved through investment in forest conservation projects that apply the principles of sustainable forestry, maximize available economic efficiencies, and are self-sustaining in the long term.
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Examples of Economic Stability in a sentence

  • Annual and Biweekly salary amounts will be impacted by previous Economic Stability Dividends as per the Memorandum of Understanding on the Economic Stability Dividend.

  • Employers must apply the Economic Stability Dividend as a percentage increase only on collective agreements wage rates and for no other purpose or form.

  • The appropriate percentage increases, if any, will be calculated according to Letter of Understanding #5 (Re: Economic Stability Dividend).

  • The Economic Stability Dividend will be provided for each of the following collective agreement years: 2015/16 (based on 2014 GDP); 2016/17 (based on 2015 GDP); 2017/18 (based on 2016 GDP); and, 2018/19 (based on 2017 GDP).

  • Members of the CBA will be eligible for general wage increases from the Economic Stability Dividend as described in Letter of Agreement re Economic Stability Dividend.

  • The Economic Stability Dividend shares the benefits of economic growth between employees in the public sector and the Province contingent on growth in BC’s real GDP.

  • The February 1, 2016 wage rates are derived by adding the available Economic Stability Dividend wage increase to the wage rates in effect January 31, 2016.

  • All wage scales for classifications or positions in Appendix A shall be increased as follows: July 1, 2015* 1.0% May 1, 2016* Economic Stability Dividend** July 1, 2016* 0.5% May 1, 2017* 1.0% plus Economic Stability Dividend** July 1, 2017* 0.5% May 1, 2018* 1.0% plus Economic Stability Dividend** July 1, 2018* 0.5% May 1, 2019* 1.0% plus Economic Stability Dividend** The new rates shall be rounded to the nearest whole cent or dollar as applicable.

  • The terms of the Economic Stability Dividend are described in Appendix B.

  • Note: The terms of the Economic Stability Dividend are outlined in Appendix “A” - Letter of Agreement as attached.