Aircraft Mechanic License Premium Sample Clauses

Aircraft Mechanic License Premium. Employees in the classification of Aircraft Mechanic will receive a premium of one dollar ($1.00) per hour for the first license held and an additional one dollar ($1.00) per hour for the second license held where the license(s) is required by the Company for the work performed. Regardless of the number of FAA or FCC licenses an employee may hold, or the Company may require, the license premium pay will not exceed two dollars ($2.00) per hour. The premium paid is to include accruals for sick pay, vacation pay, and holiday pay. In the event the Company no longer requires the Aircraft Maintenance License(s), the Company will remove the license premium and all other terms of the Agreement shall apply. Employees holding above referenced licenses will be eligible for license premium pay only when the license(s) is required by the Company for the work performed and held.
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