Anniversary Date and Merit Sample Clauses

Anniversary Date and Merit. Step [a] The anniversary date is the date an employee is eligible for merit step consideration. Employee anniversary dates are determined by the date of employment in a position. If employment in a position begins prior to the 15th of the month, the anniversary date is the 1st of that month. If employment in a position begins on or after the 15th, the anniversary date is the 1st of the following month. (Employees hired prior to July 1, 1983, were given an anniversary date of July 1.) [b] The anniversary date of an employee shall be adjusted when:
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Anniversary Date and Merit. Step [a] For years in which a merit step is awarded to employees, the effective date of the merit step increase for all employees will be July 1st. If an employee is hired into a position between February 1st and June 30th, the first merit step increase for that position will not occur until July 1st of the following calendar year. [b] Merit step placement is not based on years of service. [c] Employees who transfer to a new position effective July 1st shall be eligible for a one-step merit increase in addition to any salary adjustment resulting from the transfer.

Related to Anniversary Date and Merit

  • Effective Date and Termination Date This Contract becomes effective on the Contract Start Date or the date on which the Contract is fully executed by both parties, whichever is later. No party shall perform work under this Contract before the effective date. An email notification with a copy of the fully executed contract will be sent to the Contractor email listed above upon execution. Unless earlier terminated as provided below, this Contract shall continue through the Contract End Date. Offer and Contract Dates Contract Start Date   “Work” Time Dates Anticipated Notice to Proceed Date   Anticipated Substantial Completion Date   Anticipated Final Completion Date   Contract End Date  

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Anniversary Dates Except as may otherwise be provided for in deep class resolutions, anniversary dates will be set as follows:

  • Effective Date and Term This Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party B in Party C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement.

  • Effective Date and Termination This Agreement shall become effective as of the date of its execution, and

  • Effective Date of Benefits Your coverage will become effective on your date of eligibility, provided you are actively at work on a full time basis. If you are not actively at work on the date insurance would normally commence, coverage will begin on your return to work full time for full pay.

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”).

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions:

  • Effective Date of Agreement The provisions of the agreement will come into full force and effect on the date of ratification, unless specified otherwise.

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