Common use of Compensation Adjustments Clause in Contracts

Compensation Adjustments. When an employee promoted to a higher classification during a prior fiscal year receives a lesser salary than if promoted in the same class and from the same salary step during the prior fiscal year, his/her salary shall be adjusted on July 1st of the new fiscal year to the rate s/he would have received had s/he been promoted in the prior fiscal year.

Compensation Adjustments. When an employee promoted to a higher classification during a prior fiscal year receives a lesser salary than if promoted in the same class and from the same salary step during the prior fiscal year, his/her the employee’s salary shall be adjusted on July 1st of the new fiscal year to the rate s/he the employee would have received had s/he the employee been promoted in the prior fiscal year.

Compensation Adjustments. a. Prior Fiscal Year 151. When an employee promoted to a higher classification class during a prior fiscal year receives a lesser salary than if promoted in the same class and from the same salary schedule step during the prior current fiscal year, year his/her salary shall be adjusted on July 1st of the new fiscal year 1, to the rate she/he she would have received had she/he she been promoted in the prior current fiscal year.