Annual Salary Increase Sample Clauses
Annual Salary Increase. Executive's salary shall be reviewed at least once annually and may be increased upon recommendation of the Compensation Committee and ratification of the Board.
Annual Salary Increase. On January 1 of each year, commencing January 1, 1999, the Base Salary shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the Managers of the Subsidiaries, in their sole discretion.
Annual Salary Increase. Any Employee will be eligible for an annual salary increase on July 1. The rate of pay for an Employee working a summer position will remain at the same rate for the entire summer period.
Annual Salary Increase. 2.2.1 The Executive's Base Salary will increase, effective on each anniversary of the Effective Date of this Agreement, by at least 5% of the Base Salary in effect at the time, which increase shall be determined by the Employer's Compensation Committee, or its Board of Directors if no such committee exists.
Annual Salary Increase. In the event that the term of this Agreement is automatically extended pursuant to Section 2, the Base Salary then in effect shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the Board, in its sole discretion.
Annual Salary Increase. Executive’s Base Salary shall be subject to review annually by the Board and/or the Compensation Committee and may be increased but not decreased.
Annual Salary Increase. On each anniversary of the effective ---------------------- date of this Agreement, the Employee shall receive an increase of no less than six (6) percent of his annual base salary.
Annual Salary Increase. The Employee shall be eligible for salary increases at least once annually as determined by the Compensation Committee of the Board. Such salary increase shall be based a review of the overall performance of the Employer as well as the performance of the Employee during the preceding twelve (12)-month period, as determined by the Compensation Committee of the Board, with input from the CEO.
Annual Salary Increase. The hourly salary of each Association member will be increased by the percentage indicated below on the identified effective date: Effective Date Percentage 7/1/2022 3.95% 7/1/2023 3.76% 7/1/2024 3.54%
Annual Salary Increase a) Effective January 1, 2015, the annual salary schedule will increase by 2.25% on the 2014 base.
b) Effective January 1, 2016, the annual salary schedule will increase by 2.25% on the 2015 base.
c) Effective January 1, 2017, the annual salary schedule will increase by 2.25% on the 2016 base.
d) All newly hired employees will receive the Hire Rate in their labor grade until a nine (9) month training period has been completed.
e) Employees promoted and moving to a new labor grade will receive the Hire Rate for the new labor grade until the training period set forth above has been completed. If the Hire Rate of the new position is less than the Working Rate of the previous position, the employee will receive the Working Rate of the previous position plus 2% during the training period.
f) Longevity Payments Longevity payments based on all time in service will be made to employees annually using the following schedule: Upon completion of: 2015 2016 2017 10 – 14 years of service $450.00 $500.00 $550.00 15 – 19 years of service $500.00 $550.00 $600.00 20 – 24 years of service $550.00 $600.00 $650.00 25 years or over $600.00 $650.00 $700.00 Eligible employees will receive their Longevity payment in the pay period in which their anniversary date or adjusted hire date falls. For part-time employees the Longevity payment will be pro-rated (See Benefits Applicability ARTICLE 10).