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$0.25 per hour, (effective October 2, 2016) then apply the applicable wage multiplier, <br /> then reduce the revised wage by the CPF contribution rate. <br /> For purposes of calculating overtime compensation the employer shall first restore the <br /> amount of the wage reduction ($0.25/hr.) then apply the applicable wage multiplier <br /> required under the Fair Labor Standards Act and the collective bargaining agreement, <br /> then pay the resulting amount for overtime worked. <br /> The CPF Plan of Benefits and the Agreement and Declaration of Trust will serve as the <br /> governing documents. <br /> ARTICLE 31 —WAIVER <br /> Any and all prior agreements, resolutions, policies, rules, and regulations regarding terms <br /> and conditions of employment to the extent inconsistent with the provisions of this <br /> agreement are hereby superseded. The parties mutually acknowledge that during the <br /> negotiations that resulted in this agreement, each had the unlimited right and opportunity <br /> to make demands and proposals with respect to any term or condition of employment not <br /> removed by law from bargaining. All agreements and understandings arrived at by the <br /> parties are set forth in writing in this agreement for the stipulated duration of this <br /> agreement. The employer and the union each voluntarily and unqualifiedly waives the <br /> right, and agrees that the other shall not be obligated to meet and negotiate regarding any <br /> and all terms and conditions of employment referred to or covered or not specifically <br /> referred to or covered in this agreement even though such terms and/or conditions may or <br /> may not have been within the knowledge or contemplation of either or both parties at the <br /> time this contract was negotiated or executed. <br /> 18 <br />