Anniversary Date Assignment Clause Samples
The Anniversary Date Assignment clause establishes a specific date each year that marks the renewal or continuation of an agreement or contract. Typically, this date is set based on the original effective date of the contract or another mutually agreed-upon date, and it is used to determine when certain rights, obligations, or reviews are triggered, such as annual price adjustments or performance evaluations. By clearly defining the anniversary date, this clause ensures both parties have a consistent reference point for recurring contractual events, reducing confusion and helping to manage ongoing obligations efficiently.
Anniversary Date Assignment. 1. An employee's anniversary date is the biweekly pay period in which an employee is eligible, if warranted by performance and place on the salary range, for a salary increase (normal increment) pursuant to the provisions of Article
Anniversary Date Assignment. 1. An employee's anniversary date is the biweekly pay period in which an employee is eligible, if warranted by performance and place on the salary range, for a salary increase (n ormal increment) pursuant to the provisions of Article XXI. An employee receiving a normal increment shall advance to the next highest step in the range assigned to his or her title. Employees at the maximum of their range do not receive an increment on t heir anniversary dates.
2. Each employee shall, upon appointment, be assigned an anniversary date which shall be the pay period following the completion of twenty -six (26) full pay periods of employment if the employee is appointed to Steps 1 -7 or to the r ange maximum. If the employee is appointed to Step 8 or higher, except if appointed to the range maximum, the anniversary date shall be the pay period following the completion of thirty -nine (39) full pay periods of employment. Should an employee be placed on the payroll on the first Monday of a pay period, or on the first Tuesday of a pay period wherein the Monday is a holiday or special day off, that pay period shall be the first of the 26 (or 39) full pay periods. Employees appointed at other times shall begin the 26 (or 39) full pay periods on the first day of the next pay period of employment.
3. Upon receiving a normal increment, an employee's anniversary date shall be advanced twenty -six (26) pay periods if the employee is on or below Step 7 after receiving the increment, and thirty -nine (39) pay periods if the employee is on Step 8 or above after receiving the increment. However, if the employee is on the range maximum after receiving the increment, the anniversary date is advanced twenty - six (26) pay periods. (See Paragraph B.1)