Adjustment of Salary Rates Sample Clauses

Adjustment of Salary Rates. The salary rates effective July 1, 1986 have been adjusted downward to reflect the agreement between the Board and the Union to permit the application of a part of the salary increase provided for in the 1984-87 Municipal Coalition Economic Agreement to fund the payment of ten Annual Leave days to be used during the Christmas and Spring recesses for all of the above titles in Section A with the exception of the title School Lunch Loader and Handler and employees in other titles in Section A who are employed in headquarters facilities at the Office of School Food and Nutrition Services. Additionally, Section A above lists the salaries of employees who did and did not purchase Annual Leave days.
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Adjustment of Salary Rates. As a result of an agreement effective July 1, 1988, the salary rates effective July 1, 1993 shown in Section A above have been adjusted downward to reflect the Agreement between the Board and the Union to permit the application of a part of the salary increase provided for in the 1987-1990 District Council 37 Economic Agreement to fund the payment of ten annual leave days to be used during the Christmas and Spring recesses for the above title in Section A. C. District Council 37 Memorandum of Economic Agreement Incorporation in this Agreement 1) The 2010-2017 District Council 37 Memorandum of Economic Agreement entered into by the parties and effective as of March 3, 2010 is incorporated into this Agreement as applicable.
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Adjustment of Salary Rates. As a result of an agreement effective July 1, 1988, the salary rates effective July 1, 1993 shown in Section A above have been adjusted downward to reflect the Agreement between the Board and the Union to permit the application of a part of the salary increase provided for in the 1987-1990 District Council 37 Economic Agreement to fund the payment of ten annual leave days to be used during the Christmas and Spring recesses for the above title in Section A. C. District Council 37 Memorandum of Economic Agreement Incorporation in this Agreement 1) The 2002 District Council 37 Memorandum of Economic Agreement entered into by the parties and effective as of July 1, 2002, is incorporated into this Agreement as applicable as required by Section 17 of the 2002 District Council 37 Memorandum of Economic Agreement. 2) The 2005 District Council 37 Memorandum of Economic Agreement entered into by the parties and effective as of July 1, 2005 is incorporated into this Agreement as applicable as required by Section 19 of the 2005 District Council 37 Memorandum of Economic Agreement. 3) The 2008 District Council 37 Memorandum of Economic Agreement entered into by the parties and effective as of March 3, 2008 is incorporated into this Agreement as applicable as required by Section 16 of the 2008 District Council 37 Memorandum of Economic Agreement.
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Adjustment of Salary Rates. Male Officers - Salary Classes and Grades
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Adjustment of Salary Rates. The various salary rates expressed herein shall be automatically varied to conform to any variations which are made from time to time in the equivalent salary rates applying to officers covered by the Public Service (Administrative and Clerical Officers) Salaries Agreement, No. 83 of 1971. Any such variations shall apply from the date that the variations have been effected in respect to officers covered by that Agreement.
Sample 1

Related to Adjustment of Salary Rates

  • SALARY RATES Section 12.1 The following shall apply to full-time employees including so called TPL A and B: A. Effective the first full pay period of July, 2017, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a one percent (1%) increase in salary rate. B. Effective the first full pay period of July, 2017, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive an additional one percent (1%) increase in salary rate due to the realization of the FY’18 tax revenue trigger threshold. C. Effective the first full pay period of July, 2018, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a two percent (2%) increase in salary rate. D. Effective the first full pay period of July, 2019, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a two percent (2%) increase in salary rate. Section 12.2 Employees who receive a "Below" rating on their annual EPRS evaluation shall not be eligible to receive the salary increases provided in Section 1 of this Article, nor any step increases. Employees who receive a "Below" rating will have their performance reviewed on a monthly basis in accordance with Article 24A of this Agreement and will become eligible for the salary and step rate increase previously denied effective upon the date of receiving a "Meets" or "Exceeds" rating. Section 12.3 The salary rate for new employees hired, reinstated or re-employed on or after July 1, 1990 shall be Step 1 for the job group of his/her position except in cases where a new employee is hired by a Department/Agency at a salary rate, approved by the Chief Human Resources Officer, above Step 1. However, new employees shall not be recruited into Unit 3 positions without the prior written agreement of the Union. A. Under the terms of this Agreement, an employee shall advance to the next higher salary step in his/her job group until the maximum salary rate is reached, unless he/she is denied such step rate by his/her Appointing Authority. An employee shall progress from one step to the next higher step after each fifty-two (52) weeks of creditable service in a step commencing from the first day of the payroll period immediately following his/her anniversary date. B. In the event an employee is denied a step rate increase by his/her Appointing Authority, he/she shall be given a written statement of reasons therefore not later than five (5) days preceding the date when the increase would otherwise have taken effect. Time off the payroll is not creditable service for the purpose of step rate increases. Section 12.5 Whenever an employee paid in accordance with the salary schedules provided in Appendix A of this Agreement receives a promotion to a higher job group, the employee's new salary rate shall be calculated as follows: 1. For employees who are below the maximum step within their current job: a. Determine the employee’s current salary rate and step within his/her current job group; then b. Find the salary rate of the next higher step within the employee’s current job group; and c. Multiply the employee’s current salary rate by one and three one- hundredths (1.03); then d. Compare the higher of the resultant amounts from b) or c) above to the salary rates for the higher job group into which the employee is being promoted. e. The employee’s salary rate shall be the first rate in the higher job group that at least equals the higher of the resultant amounts from d) above. f. In the event the application of the above formula results in a salary that is less than the amount the employee would receive had he/she been promoted to the next lower grade, the employee’s salary upon promotion shall be increased to the next higher step in the grade the employee is being promoted into. 2. For employees who are at the maximum step within their current job: a. Determine the employee’s current salary rate and step within his/her current job group; then, b. Multiply the employee’s current salary rate by one and three one- hundredths (1.03); then, c. Compare the resultant amount from b) above to the salary rates for the higher job group into which the employee is being promoted. d. The employee’s salary rate shall be the first rate in the higher job group that at least equals the resultant amount from c) above. A. Salary rates of full time employees are set forth in Appendix A of this Agreement, which is attached hereto and is hereby made a part of this Agreement. B. The salary rates set forth in Appendix A shall remain in effect during the term of this agreement. Salary rates shall not be increased or decreased except in accordance with the provisions of this Agreement. C. Employees shall be compensated on the basis of the salary rate for their official job classification. Section 12.7 A regular part-time employee shall be entitled to the provisions of this Article in the proportion that his/her service bears to full-time service. A. An employee entering a position within a bargaining unit covered by this Agreement from a position in an equivalent salary grade in a bargaining unit not covered by this Agreement shall be placed at the first step-in-grade up to the maximum of the grade, which at least equals the rate of compensation received immediately prior to his/her entry into the bargaining unit.

  • Salary Ranges A. The salary ranges for classifications covered by this Agreement shall be those contained in Appendix D. B. No one may be hired above or below the assigned salary range for his/her classification. Employees whose salaries are above the range assigned to their classification will have their salaries frozen until the salary range increases to include their salary.

  • Adjustment of Settlement Rate (a) Adjustments for Dividends, Distributions, Stock Splits, Etc.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Salary Range The 20 20 - 2 0 2 1 salary range for returning teachers is $39,000 to $75,846. The 2021-2022 salary range for returning teachers is $40,500-$77,392. At the beginning of the 2022-2023 school year, the salaries of returning full-time teachers were between $40,000 and $79,346.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Placement on Salary Schedule The following rules shall be applicable in determining placement of a teacher on the appropriate salary schedule.

  • Performance Adjustment Rate Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted. The maximum performance adjustment rate is 0.20%. For purposes of calculating the performance adjustment of the portfolio, the portfolio's investment performance will be based on the performance of the retail class. The performance period will commence with the first day of the first full month following the retail class's commencement of operations. During the first eleven months of the performance period for the retail class, there will be no performance adjustment. Starting with the twelfth month of the performance period, the performance adjustment will take effect. Following the twelfth month a new month will be added to the performance period until the performance period equals 36 months. Thereafter the performance period will consist of the current month plus the previous 35 months. The Portfolio's investment performance will be measured by comparing (i) the opening net asset value of one share of the retail class of the Portfolio on the first business day of the performance period with (ii) the closing net asset value of one share of the retail class of the Portfolio as of the last business day of such period. In computing the investment performance of the retail class of the Portfolio and the investment record of the Index, distributions of realized capital gains, the value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period and dividends paid out of investment income on the part of the Portfolio, and all cash distributions of the securities included in the Index, will be treated as reinvested in accordance with Rule 205-1 or any other applicable rules under the Investment Advisers Act of 1940, as the same from time to time may be amended.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

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