Salary Increase definition

Salary Increase means an increase in Base Salary within the salary scale corresponding to the Staff member’s current position and grade.
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Salary Increase for this purpose shall mean an employee who has been assigned a permanent and significant increase in duties and responsibilities as demonstrated by the employee’s performance program.
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Salary Increase. As approved by BOD annually as Company grows. Signing bonus: 300,000 shares, tax paid, with value fixed at $0.16 (60 percent of average 30 day market price, with discount to reflect lack of marketability for at least 2 years due to securities law restrictions. Conversion of debt: $200,000 in outstanding accrued salary to be converted into preferred stock on the basis of $1.00 of accrued salary for one share of $1.00 par value convertible, redeemable preferred stock. Neptune will assume the tax burden on the conversion. Terms of the preferred will be:
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Examples of Salary Increase in a sentence

  • Unauthorized leave is charged as leave without pay pursuant to Title 4, Chapter 3, Section 43, and may subject the employee to disciplinary action under Title 2, Chapter 6.Section 5.16 Review of Evaluations and/or Denial of Salary Increase.

  • Section 5.16 Review of Evaluations and/or Denial of Salary Increase.

  • All employees shall receive notice of their salary increases on the Salary Increase Notification Form attached as an Appendix to this Agreement not later than two weeks prior to implementation of the salary increases described in this article.

  • Projected Salary Increase Varies between 7.42% and 4% based on age d.

  • Projected Salary Increase Varies between 7.5% and 4.5% based on age d.

  • It consists of a Self-Evaluation Report, Student Evaluation Report, Chair's Evaluation Report, an Annual Merit Salary Increase Recommendation, the Dean's Recommendation for Annual Salary Increase, and a recommendation by the Provost and Vice Chancellor for Academic Affairs.

  • Salary Increase established pursuant to the revised classification and salary schedules will be attached hereto as Appendix B through a Memorandum of Understanding (MOU) between the parties.

  • The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding.

  • This General Salary Increase shall be distributed "across the board".

  • Salary Increase Assumptions For an Individual Member Sample Merit & Wage* Increase Ages Seniority (Economic) Next Year 204.9%3.0%7.9%254.9%3.0%7.9%304.1%3.0%7.1%353.0%3.0%6.0%402.3%3.0%5.3%451.8%3.0%4.8%501.3%3.0%4.3%550.9%3.0%3.9% 60 0.5% 3.0% 3.5% Ref 81 * Select and ultimate wage inflation rates as of June 30, 2014 are assumed to be 2.00% for five years, 2.50% for the next five years after that and 3.00% thereafter.


More Definitions of Salary Increase

Salary Increase means the amount, if any, by which a Participant’s Salary for any year may be increased over the Base Salary amount in effect on January 1 of such year.
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Salary Increase. Effective July 1, 2019, Salary Schedules shall be increased by three percent (3.0%). In addition to the Salary Schedule increase set forth above, all bargaining unit members employed on the date this agreement is ratified by both parties shall receive a one-time, off schedule payment of one and one-half percent (1.5%) of base salary based on the 2018-2019 salary schedule. 2020-2021 and 2021-2022: If any other Union/Association in FUSD receives a general, across-the-board salary scheduled increase, specifically for the 2020-2021 and 2021-2022 school years, then the Daily Rate of Pay will be increased to reflect that same percentage increase. The salaries at step one (1) are set at the current salary as of January 25, 2018. Effective July 1, 2016, the Building and Trades Salary Schedule shall be increased by three and one-half percent (3.5%). Effective July 1, 2017, the Building and Trades Salary Schedule shall be increased by two percent (2.0%). Effective July 1, 2018, the Building and trades Salary Schedule shall be increased by one percent (1%). Additionally, for 2018-19, the parties agree to contingency language that could further increase the Building and Trades Salary Schedule by up to an additional two percent (2%) if on-going. District revenues improve. The District’s multi-year projection as of June 2017 shows LCFF Revenue Limit Sources (Line A.1.) for 2018-2019 of $714,660,427. If the enacted State Budget for 2018-2019 increases this number (Line A.1.) to $729,726,115 or greater an additional 1% shall be added to the Building and Trades Salary Schedule effective July 1, 2018. If Line A.1 increases to $737,258,959 or greater, a further 1% shall be added to the Building and Trades Salary Schedule effective July 1, 2018.
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Salary Increase for this purpose shall mean an increase in a professional employee’s basic annual salary, without a change in salary grade or title, resulting from a permanent and significant increase in duties and responsibilities as demonstrated by the employee’s performance program.
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Salary Increase means the Executive is due a Salary Increase of at least _____% annually, to be effective on the paycheck containing the Executive’s anniversary date or pro-rated to common salary increase date, should one exist.
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Salary Increase. Any increase in salary to which the individual is entitled by reason of reclassification will be made effective at the beginning of the payroll period following submission of all required documents. However, retroactive salary adjustments shall not exceed forty-five (45) days.
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Related to Salary Increase

  • Annual increase means, initially, fifty-nine cents per month

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Increase Amount is defined in Section 2.3(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • Salary reduction plan means a benefit plan whereby state and

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Increase has the meaning specified therefor in Section 2.14.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);