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What if your workplace is covered by a company agreement? What is an Industry AwardWhat do the awards cover? What is the difference between a distinction and an EBA? Who awards awards? Which union represents me? How can I have a say in what`s in my price? Learn more about rewards Can I see my prize? If you`ve ever been employed under a company agreement or had to negotiate one with your employees, you`re probably familiar with the term “nominal expiration date.” But what are its practical implications and what will happen if the nominal expiration date passes? Like the NES, you cannot offer less favourable terms of employment than those set out in your respective premiums. A modern distinction cannot be applied in a large number of situations, for example. B if the employee is a high-income employee – that is, an employee who earns above or above the high-income threshold (currently $133,000 for the 2014/15 fiscal year) and has obtained an annual income guarantee. . . .