Across the Board Increase Sample Clauses

Across the Board Increase. Across the board increases (ATB) effective the first full pay period following the date shown below: A. Employees shall receive merit increases on their anniversary dates for their current classification. Upon a satisfactory recommendation, each employee will move one merit step up on the merit plan. In the event that the employee on a 10 step wage scale is already at the maximum step (Step 10), the employee, upon a satisfactory recommendation, will receive a 3% merit bonus in accordance with the City’s current practices and policies. In the event that an employee does not receive a merit increase, he or she may appeal this decision pursuant to the current City policy. B. Effective the first pay period following January 1, 2016, employees assigned to the 10 step wage scale shall receive a cost of living adjustment of 2.5% so long as the employee is an active employee on the date of ratification by all parties of this Agreement. Effective the first pay period following January 1, 2017, employees assigned to the 10 step wage scale shall receive a cost of living adjustment of 2.5%. Effective the first pay period following January 1, 2018, employees assigned to the 10 step wage scale shall receive a cost of living adjustment of 2.5%. C. For the year 2016, eligible employees will receive a retroactive merit step or 3% maximum step merit bonus in the event that it was withheld. In calculating the retroactive pay, the merit step or merit bonus will be adjusted by the 2.5% increase effective the first pay period following January 1, 2016. D. Members assigned to the Drug Enforcement Unit (DEU) shall receive an additional 5% of their current base pay added to their hourly wage. This additional pay shall be effective upon their assignment to DEU for the duration of the assignment. At the conclusion of their assignment to DEU, their hourly wage reverts to the appropriate hourly wage step for that individual under this agreement. E. The Parking Supervisor is paid on the Non Contractual Wage schedule in effect and shall receive COLA’s and merit increases in accordance with those granted to non-contractual employees. F. Effective November 1, 2011 members who have ten (10) years of sworn police service with the City of Concord shall receive a 2.5% (of their current annual base salary at the time of payment) bonus. This bonus will increase to 2.75% as a blended hourly pay rate addition effective on 1/1/2012 subject to the terms of this article. 1. Payment of this bonus wil...
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Across the Board Increase. A. Effective July 1, 2016, the hourly rate of each employee shall be increased by one and one half percent (1.50%). Effective July 1, 2017, the hourly rate of each employee shall be increased by three percent (3.00%). Effective July 1, 2018, the hourly rate of each employee shall be increased by two and one half percent (2.50%). Effective July 1, 2019, the hourly rate of each employee shall be increased by two and one half percent (2.50%). Effective July 1, 2020, the hourly rate of each employee shall be increased by two and one half percent (2.50%). B. The College agrees to pay each bargaining unit member a one-time non- recurring cash bonus of two hundred dollars ($200.00) upon ratification of this agreement. C. Effective in Year 1 of the contract—The College shall allocate $92,000 for the purpose of making market adjustments to the salaries of unit members. The money shall be distributed as follows: Group 1: Unit members making between $10 an hour and $20.99 an hour will receive 60% of the $92,000 (or approximately $55,200) divided equally to them as an hourly adjustment to their base rate. Group 2: Unit members making between $21 an hour and $30.99 an hour will receive 35% of the $92,000 (or approximately $32,200) divided equally to them as an hourly adjustment to their base rate. Group 3: Unit members making between $31 an hour and above will receive 5% of the $92,000 (or approximately $4,600) divided equally to them as an hourly adjustment to their base rate. The market adjustment shall be made no later than October 1, 2016, but shall be retroactive to July 1, 2016. The market adjustment shall be applied after the 2016-2017 across the board wage increase. Future yearly increases would first meet market minimums for present employees and then yearly percentage increase would be applied.
Sample 1
Across the Board Increase. An across-the-board increase on the hourly rate of all Employees, for the term of the Agreement, will apply as follows: The base rate of pay for the purpose of this clause will be the hourly rate payable to Employees immediately preceding the commencement date of this Agreement. An across-the-board increase of 6% on the base rate of pay will become due from the 1 April 2020 until 31 March 2021. The minimum hourly wage for Employees will not be less than R38.88 per hour from 1 April 2020 to 31 March 2021
Sample 1
Across the Board Increase. 1. Fiscal Year 2012-2013: a. On October 1, 2012 each hourly rate shall be increased by one percent (1%). b. At the end of the first full pay period in October, 2012, each full- time employee who is on the payroll as of October 2, 2012, and who has accumulated no less than two thousand eighty (2080) hours of current continuous service since October 1, 2011, shall be paid a one-time cash payment of 1% of the annualized base hourly rate of pay in effect as of October 2, 2012, which shall not be rolled into the base wage. For a full-time employee who has accumulated less than two thousand eighty (2080) hours of current continuous service since October 1, 2011, this payment shall be pro-rated based on the ratio between the employee's actual continuous service hours earned after October 1, 2011, and two thousand eighty (2080) hours, times 1% of the annualized base hourly rate of pay in effect as of October 2, 2012. At the end of the first full pay period in October, 2012, or the first subsequent pay period in Fiscal Year 2012-13 for which the employee receives a pay check, each permanent-intermittent employee, part-time employee or seasonal employee, who is on the payroll as of October 2, 2012, and who was either: 1) on the payroll on October 1, 2011, 2) on furlough on October 1, 2011, 3) on seasonal layoff on October 1, 2011, who has accumulated less than two thousand eighty (2080) hours of current continuous service between October 1, 2011, and September 30, 2012, shall be paid a one-time cash payment which shall not be rolled into the base wage. For each such employee, this payment shall be pro-rated based on the ratio between the employee's actual continuous service hours earned between October 1, 2011, and September 30, 2012, and two thousand eighty (2080) hours, times 1% of the annualized base hourly rate of pay in effect as of October 2, 2012.
Sample 1
Across the Board Increase. 1. Fiscal Years 2022-2023 and 2023-2024: a. On October 1, 2022 each hourly rate shall be increased by five percent (5%). b. On October 1, 2023 each hourly rate shall be increased by two percent (2%). 2. Effective October 1, 2005 an optional signing bonus may be paid to attract eligible licensed practical nurses who possess skills that are in high market demand. A one-time lump sum bonus of up to $2,000 may, at the employer’s option, be paid to new hires in the following classes: Licensed Practical Nurse E9 and 10. Current employees in the listed classes are not eligible for the bonus. The bonus will only be paid to secure a commitment from a highly qualified candidate and when filling hard-to-fill positions. The employee must agree to pay back the entire bonus including tax withholding thereon, if the employee leaves the department within one year of the appointment. Payback remittances are owed and payable in full within thirty (30) calendar days of the termination date. Such remittance shall be taken as a negative gross pay adjustment from the employee’s final pay warrant, if possible. The signing bonus is paid as a gross pay adjustment with the employee’s first pay warrant.
Sample 1
Across the Board Increase. FY 2019-2020
Sample 1
Across the Board Increase. An across-the-board increase of 9.5% on the base rate of pay as at 31 March 2013 will become due from the commencement date of this Agreement until 30 September 2013 with a further 0.5% on the base rate of pay as at 31 March 2013 from 1 October 2013 to 30 June 2014.
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Across the Board Increase 
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Related to Across the Board Increase

  • Effective Date of Increase Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Size of the Board Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at six (6)

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.

  • Merit Increases Merit increases shall be based on satisfactory service. Employees shall be eligible for in-range merit increases on their established anniversary date until such time they have reached the top step of the classification in which they are employed. The eligibility date, for the purpose of this section, shall be the date upon which the employees are granted their first in-range merit increase to the next step of their pay range. This eligibility date may be changed as a result of the timing of future in-range merit increases, promotions or reclassifications.

  • Board Approval The Board of Directors of the Company has, as of the date of this Agreement, (i) determined that the Merger is fair to, advisable and in the best interests of the Company and its stockholders, (ii) determined to recommend that the stockholders of the Company adopt this Agreement and (iii) duly approved the Merger, this Agreement and the transactions contemplated hereby.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year. 11.6.2 Each regular classified employee shall receive an additional two-range increase (5%) upon completion of ten (10) years of satisfactory and continuous service. This increase will become effective at the beginning of the eleventh year. 11.6.3 Each regular classified employee shall receive an additional two-range increase (5%) upon completion of fifteen (15) years of satisfactory and continuous service. This in-crease will become effective at the beginning of the sixteenth year.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Optional Increase in Commitments Following the Effective Date, the Borrower may, if it so elects, increase the aggregate amount of the Commitments, either by designating a financial institution not theretofore a Lender (a “New Lender”) to become a Lender (such designation to be effective only with the prior written consent of the Administrative Agent and each Issuing Lender, which consents will not be unreasonably withheld or delayed), or by agreeing with an existing Lender that such Lender’s Commitment shall be increased. Upon execution and delivery by the Borrower and such Lender or New Lender of an instrument in form reasonably satisfactory to the Administrative Agent, together with such evidence of appropriate corporate authorization on the part of the Borrower with respect to the increased Commitments and such opinions of counsel for the Borrower with respect to the increased Commitments as the Administrative Agent may reasonably request, such existing Lender shall have a Commitment as therein set forth or such other financial institution shall become a Lender with a Commitment as therein set forth and all the rights and obligations of a Lender with such a Commitment hereunder; provided: (i) that the Borrower shall provide prompt notice of such increase to the Administrative Agent, who shall promptly notify the Lenders; (ii) the conditions set forth in Sections 3.02(c) and (d) shall be satisfied on and as of the effective date of any increase in Commitments pursuant to this Section 2.18; (iii) that any such increase shall be in an amount which is a multiple of $10,000,000; and (iv) that immediately after such increase is made, the aggregate amount of increases in the Commitments pursuant to this Section 2.18 shall not exceed $250,000,000. On the effective date of any increase in the aggregate amount of the Commitments pursuant to this Section 2.18, (i) each New Lender shall pay to the Administrative Agent an amount equal to its pro rata share of the aggregate outstanding Loans (and funded participations, if any, in Letters of Credit) and (ii) any Lender whose Commitment has been increased (an “Increasing Lender”) shall pay to the Administrative Agent an amount equal to the increase in its pro rata share of the aggregate outstanding Loans (and funded participations as above); in each case such payments shall be for the account of each other Lender. Upon receipt of such amount by the Administrative Agent, (A) each other Lender shall be deemed to have ratably assigned that portion of its outstanding Loans that is being reduced to the New Lenders and the Increasing Lenders in accordance with such Lender’s new Commitment or the increased portion thereof as applicable, (B) the Administrative Agent shall promptly distribute to each other Lender its ratable share of the amounts received by the Administrative Agent pursuant to this paragraph and (C) the participations of the Lenders in outstanding Letters of Credit shall be determined in accordance with their Commitments after giving effect to such increase. For the avoidance of doubt, no existing Lender shall have any obligation to participate in such increase except in its absolute and sole discretion.

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