Common use of Anniversary Increment Clause in Contracts

Anniversary Increment. An anniversary increment shall be applied as follows: Eight-tenths of one percent (.8%) each year of employment from the 16th to the 25th year, to a total of eight percent (8%) at the 25th year and thereafter. Employees working less than eight (8) hours per day shall be granted a proportionate share of the maximum increment. Increment payments to employees shall be made monthly during their duty year [e.g. ten (10)-month employees will receive their increment in ten (10) equal payments]. A year shall be construed as seventy-five percent (75%) or more of a normal work year.

Anniversary Increment. An anniversary increment shall be applied as follows: Eight-tenths of one percent (.8%) each year of employment from the 16th to the 25th year, to a total of eight percent (8%) at the 25th year and thereafter. Employees working less than eight (8) hours per day shall be granted a proportionate share of the maximum increment. Increment payments to employees shall be made monthly during their duty year [e.g. (e.g., ten (10)-month 10) month employees will receive their increment in ten (10) equal payments]). A year shall be construed as seventy-five percent (75%) or more of a normal work year.

Anniversary Increment. An anniversary increment shall be applied as follows: Eight-tenths of one percent (.8%) each year of employment from the 16th 11th to the 25th 20th year, to a total of eight percent (8%) percent at the 25th 20th year and thereafter. Employees working less than eight (8) hours per day shall be granted a proportionate share of the maximum increment. Increment payments to employees shall be made monthly during their duty year [e.g. (e.g., ten (10)-month 10) month employees will receive their increment in ten (10) equal payments]). A year shall be construed as seventy-five percent (75%) or more of a normal work year.