retroactiveperiod definition
retroactiveperiod for the purpose of sub-clause to means the period commencing on the effective date of the retroactive upward revision in rates of pay and ending on the day the collective agreement is signed or when an arbitral award is rendered therefore; a retroactive upward revision in rates of pay shall apply to employees, former employees or in the case of death the estates of former employees, who were employees in the bargaining unit during the retroactive period; rates of pay shall be paid in an amount equal to what would have been paid had the collective agreement been signed or an arbitral award rendered therefore on the effective date of the revision in rates of pay; in order for former employees, or in the case of death for the former employees' representatives, to receive payment in with sub-clause the Employer shall by registered mail, such individuals at their last known address that they have thirty (30) days fi-om the date of receipt of the registered letter to request in writing such payment after which time any obligation upon the Employer to provide payment ceases; no payment nor notification shall be made pursuant to sub-clause for one (1) dollar or less.
retroactiveperiod for the purpose of sub-clauses to means the period commencing on the effective date of the retroactive upward revision in rates of pay and ending on the day the Agreement is signed or when an arbitral award is rendered therefor; a retroactive upward revision in rates of pay shall apply to employees, former employees or in the case of death, the estates of employees who were employees in the bargaining unit identified in Article of this Agreement during the retroactive period; rates of pay shall be paid in an amount equal to what would have been paid had this Agreement been signed or an arbitral award rendered therefor on the effective date of the revision in rates of pay; in order for employees or, in the case of death, for the former employees’ representatives to receive payment in accordance with sub- clause the Employer shall send such retroactive payments by registered mail to such individuals. If the payment is returned, the Employer will hold such payment for a period of one year after which the Employer’s obligation for payment ceases; no payment or no notification shall be made pursuant to sub-clause for one dollar or less. Only rates of pay and compensation for overtime and vacation leave credits paid to an employee during the retroactive period will be recomputed and the difference between the amount paid on the old rates of pay and the amount payable on the new rates of pay will be paid to the employee.