Annual Salary Increases and Decreases Sample Clauses

Annual Salary Increases and Decreases. (1) Except as otherwise provided in this Agreement, for each Season of a Player Contract after the first Season, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the first Season of the Contract. (2) With respect to an Extension (other than an Extension of a Rookie Scale Contract), and notwithstanding Section (3)(c)(1) above and (3)(c)(3) below, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the last Season of the original term of the Contract. (3) With respect to an Extension of a Rookie Scale Contract, and notwithstanding Section (3)(c)(1) and (3)(c)(2) above, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the first Season of the extended term of the Contract. (4) In the event that the Growth Factor (as that term is defined in Section 1(e) above) applicable to two of the 2015, 2016 or 2017 Salary Cap Years is greater than two percent (2%) (an “Annual Increase Triggering Event”), the maximum annual increases and decreases pursuant to subsections (1) – (3) above shall increase from two percent (2%) to three percent (3%) beginning with the 2017 Salary Cap Year.
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Annual Salary Increases and Decreases. (1) The following rules apply to all Player Contracts other than Contracts between Qualifying Veteran Free Agents or Early Qualifying Veteran Free Agents and their Prior Team: (i) For each Season of a Player Contract after the first Season, the player’s Salary, excluding Incentive Compensation, may increase or decrease in relation to the previous Season’s Salary, excluding Incentive Compensation, by no more than 10% of the Regular Salary for the first Season of the Contract. (ii) In the event that the first Season of a Contract provides for Incentive Compensation, the total amount of Likely Bonuses in each subsequent Season of the Contract may increase or decrease by up to 10% of the amount of Likely Bonuses in the first Season, and the total amount of Unlikely Bonuses in each subsequent Season may increase or decrease by up to 10% of the amount of Unlikely Bonuses in the first Season. (2) The following rules apply to all Players Contracts between Qualifying Veteran Free Agents or Early Qualifying Veteran Free Agents and their Prior Team: (i) For each Season of a Player Contract after the first Season, the player’s Salary, excluding Incentive Compensation, may increase or decrease in relation to the previous Season’s Salary, excluding Incentive Compensation, by no more than 12.5% of the Regular Salary for the first Season of the Contract. (ii) In the event that the first Season of a Contract provides for Incentive Compensation, the total amount of Likely Bonuses in each subsequent Season of the Contract may increase or decrease by up to 12.5% of the amount of Likely Bonuses in the first Season, and the total amount of Unlikely Bonuses in each subsequent Season may increase or decrease by up to 12.5% of the amount of Unlikely Bonuses in the first Season. (3) The following rules apply to Extensions other than Extensions of Rookie Scale Contracts: (i) For each Season of an Extension after the first Season of the extended term, the player’s Salary, excluding Incentive Compensation, may increase or decrease in relation to the previous Season’s Salary, excluding Incentive Compensation, by no more than 12.5% of the Regular Salary for the last Season of the original term of the Contract. (ii) In the event that the last Season of the original term of the Contract provides for Incentive Compensation, the amount of Likely Bonuses and Unlikely Bonuses in each Season of the Extension after the first Season of the extended term may increase or decrease by up to 12.5% of...
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Annual Salary Increases and Decreases. ‌ Except as otherwise provided in this Agreement, for each Season‌ of a Player Contract after the first Season, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than three percent (3%) of the Base Salary for the first Season of the Contract. With respect to an Extension (other than an Extension of a Rookie‌ Scale Contract), and notwithstanding Section 3(c)(i) above and 3(c)(iii) below, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than three percent (3%) of the Base Salary for the last Season of the original term of the Contract. With respect to an Extension of a Rookie Scale Contract, and‌ notwithstanding Section 3(c)(i) and 3(c)(ii) above, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than three percent (3%) of the Base Salary for the first Season of the extended term of the Contract.
Sample 1
Annual Salary Increases and Decreases. (1) Except as otherwise provided in this Agreement, for each Season of a Player Contract after the first Season, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 4% of the Base Salary for the first Season of the Contract. (2) With respect to an Extension (other than an Extension of a Rookie Scale Contract), and notwithstanding Section (3)(c)(1) above and (3)(c)(3) below, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 4% of the Base Salary for the last Season of the original term of the Contract.
Sample 1

Related to Annual Salary Increases and Decreases

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increase Effective December 1, 2015, salary rates shall be increased by 2.25%.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • 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.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Salary Schedule The salaries of employees covered by this agreement are set forth in the salary schedule in Appendix A which is attached to and incorporated into this agreement.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

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