Saturday, October 6, 2007

Wage & Term, Bonus, Retro, Vacation Cash

All Employees


Wage & Term = 17.5% over 5 years.

Retro Pay
3% 2007 wage increase will be retroactively dated January 1 2007. Previous collected agreement expired December 31, 2006.

Signing Bonus
  • Regular Full-Time, Temporary Full-Time and Regular Part-Time Employees
    • $1000.00 lump sum as soon as possible following ratification
    • pro-rated based on employee's average weekly hours from January 1, 2007 - July 23, 2007
  • Auxiliary Employees
    • qualify for pro-rated return to work payment
    • require 350 hours work minimum from January 1, 2007 - July 23, 2007 & have returned to work by April 7, 2008
    • Pro Rate Formula = #Average weekly hours worked (2007/01/01 - 2007/07/23) x $1000.00 / 40

Signing bonus is subject to the minimum statutory deductions required by law and shall noe be treated as wages for the purposes of pension contributions.

Vacation Cash Out
Any Employee may cash out up to 10 days of current or banked leave entitlements. A one time option for employees it must be exercised prior to the end of business on Novermber 20, 2007.

All Employees who return to work shall suffer no loss of seniority. Entitlements to Vacation leave in 2007, Supplementary Vacation, Sick Leave, Gratuity Leave and trigger dates for vacation increases and salary increments shall not be affected by the work stoppage.

No comments: