ARTICLE V ‑ APPLICATION OF WAGE INCREASES

In application of the increases provided for in Article I, II, III, and IV hereof ‑­

(a) Arbitraries, miscellaneous rates or special allowances including those expressed in terms of miles, as provided in the schedules or wage agreements, shall be increased under this agreement in the same manner as heretofore increased under previous wage agreements.

(b) In determining new hourly rates, fractions of a cent will be disposed of by applying the next higher quarter of a cent.

(b)   Daily earnings minima shall be increased by the amount of the respective daily increases. The minimum daily earnings established by Article II(b) of the Agreement of October 4, 1955) supplemented December 21, 1955) shall be as follows:

                                            Conductors         Brakemen

Effective                    East and                 East and

                                         Southeast West      Southeast West

January 1, 1.968                 $24.96  $24.89         $22.53 $22.48

July 1, 1968                          25.79     25.72         23.28    23.23

January 1, 1969                    26.28     26.21         23.72    23.67

July 1, 1969                          27.03     26.96         24.40    24.35

(d) Standard monthly rates and money monthly guarantees in passenger service shall be thirty times the new standard daily rates. Other than standard monthly rates and money monthly guarantees shall be so adjusted that differentials existing as of December 31, 1967 shall be preserved.

(e) Existing monthly rates and money monthly guarantees applicable to other than passenger service will be increased in the same proportion as the daily rate for the class of service involved is increased.

 (f) Existing money differentials above existing standard daily rates shall be maintained.

(g) (i) Effective as of the same dates as specified in Articles I, II, III and IV, existing basic daily rates of pay, other than standard shall be increased by the same respective percentage as provided for standard rates in such Articles, except that existing
money differences between through freight rates and local freight rates shall be maintained.

(ii) Effective July 1, 1968, after application of the increase effective that date provided for in Sub‑paragraph (g)(i) above, basic daily rates of pay, other than standard, of conductors, brakemen and flagmen employed in local freight service, or on road switchers, roustabout runs, mine runs, or in other miscellaneous service, on runs of 100 miles or less which are therefore paid on a daily basis without a mileage component, and of yard conductors (foremen), yard brakemen (helpers) and switchtenders, shall be increased by an additional $.40.