Continuous Improvement Adjustment Sample Clauses

Continuous Improvement Adjustment. The Continuous Improvement Adjustment shall be an amount between 0 and 1 percent each year. The adjustment shall be determined by the ERRC for each Division based on that Division meeting or exceeding its targets for quality, productivity, safety and cost reduction (0.25 percent increase for meeting each target). Continuous improvement metrics shall be consolidated on a Division-wide basis. Targets for each continuous improvement metric shall be adjusted annually based on actual annual performance for that metric from the prior year, as well as current operational requirements.
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Continuous Improvement Adjustment. The Continuous Improvement Adjustment shall be an amount between 0 and 1 percent each year. The adjustment shall be determined jointly between the Company and the Union at the Headquarters Level, based on meeting or exceeding its targets for On-time Performance, Productivity, Safety and Cost reduction (0.25 percent increase for meeting each target). Targets for each continuous improvement metric shall be adjusted annually based on actual annual performance for that metric from the prior year, as well as current operational requirements. Extraordinary Adjustment Notwithstanding the Annual Adjustment Factor referenced above, should it be deemed necessary in order to adjust to industry-standard, maintain competitiveness with other air carriers, or address recruitment/retention challenges on any aircraft type covered by this Agreement, Morningstar may vary the annual Extraordinary Adjustment (C) upward or downward as deemed necessary, in an amount no more than double the sum of the Annual Adjustment Factor (Base Adjustment (A) plus Continuous Improvement Adjustment (B)), subject to mutual agreement by the Union. Total Annual Adjustment Wages will be adjusted by a percentage equal to the sum of the Base Adjustment and the Continuous Improvement Adjustment plus or minus any Extraordinary Adjustment (see Table 1). Table 1: Annual Adjustment Factor Base Adjustment Continuous Improvement Adjustment Extraordinary Adjustment Total Annual Adjustment (A) (B) (C) (D) OTP Productivity Safety Cost Reduction Annual % change in CPI but not less than 2% annually 0 or 0.25 0 or 0.25 0 or 0.25 0 or 0.25 +/– % D = A + B +/– C A = Annual % change in CPI in accordance with a) above B = 0.25% for meeting each target (OTP, Productivity, Safety, Cost Reduction) C = +/– an amount not to exceed A+B D = Total Annual Adjustment The adjustment shall commence in the first pay period following the Annual Adjustment Date, and on the applicable anniversary date thereafter. April 1 of each year shall be the Annual Adjustment Date.
Sample 1
Continuous Improvement Adjustment. The Continuous Improvement Adjustment shall be an amount between 0 and 1 percent each year. The adjustment shall be determined jointly between the Company and the Union at the Headquarters Level, based on meeting or exceeding its targets for On-time Performance, Productivity, Safety and Cost reduction (0.25 percent increase for meeting each target). Targets for each continuous improvement metric shall be adjusted annually based on actual annual performance for that metric from the prior year, as well as current operational requirements. Extraordinary Adjustment Notwithstanding the Annual Adjustment Factor referenced above, should it be deemed necessary in order to adjust to industry-standard, maintain competitiveness with other air carriers, or address recruitment/retention challenges on any aircraft type covered by this Agreement, Morningstar may vary the annual Extraordinary Adjustment (C) upward or downward as deemed necessary, in an amount no more than double the sum of the Annual Adjustment Factor (Base Adjustment (A) plus Continuous Improvement Adjustment (B)), subject to mutual agreement by the Union. Total Annual Adjustment Wages will be adjusted by a percentage equal to the sum of the Base Adjustment and the Continuous Improvement Adjustment plus or minus any Extraordinary Adjustment (see Table 1). Table 1: Annual Adjustment Factor Base Adjustment Continuous Improvement Adjustment Extraordinary Adjustment Total Annual Adjustment
Sample 1

Related to Continuous Improvement Adjustment

  • CONTINUOUS IMPROVEMENT 3.1 The Supplier shall adopt a policy of continuous improvement in relation to the Services pursuant to which it will regularly review with the Authority the Services and the manner in which it is providing the Services with a view to reducing the Authority's costs (including the Framework Prices), the costs of Contracting Bodies and/or improving the quality and efficiency of the Services. The Supplier and the Authority will provide to each other any information which may be relevant to assisting the objectives of continuous improvement and in particular reducing costs.

  • Performance Improvement Xxxxxx Permanente and the Coalition are competing in a challenging market that is characterized by a limited workforce, changes in technology, changes in clinical practice, cultural diversity, changing demographics and high demand for quality service. The parties are committed to the enhancement of organizational performance so that working in Partnership is the way Xxxxxx Permanente does business. Under this Agreement, the parties will work together to: » develop and invest in people, including the development of and investment in managers, supervisors and union stewards; » engage employees at all levels; » align the systems and processes that support the achievement of organizational and Partnership goals; » enhance the ability of Coalition unions to advance their social mission and the welfare of their members; » recognize and reduce parallel structures; » ensure joint management-union accountability for performance; » grow membership; » redesign work processes to improve effectiveness, efficiency and work environment; » develop and xxxxxx unit-based teams; » share and establish expectations regarding broad adoption of successful practices in areas such as service, attendance, workplace safety, workforce development, cost structure reduction, scope of practice and performance-based pay; and » communicate with employees on an ongoing basis regarding performance goals and targets, as well as performance results at all levels of the organization. Each regional LMP council shall develop approaches aimed at reducing variation between medical centers, facilities and departments in the resources available for partnership. In particular, such a plan should: » ensure at a regional level there is adequate time for teams to review performance, identify opportunities for improvement, and develop and test changes to drive improvement; and » provide regional or facility support to departments as needed to cross-cover or backfill and jointly determine the most cost-effective manner to provide the support.

  • Performance Improvement Process 9.5.1 The purpose of the Performance Improvement Process is to remedy or mitigate the impact of a Performance Factor. The Performance Improvement Process may include: a requirement that the Hospital develop an Improvement Plan; or an amendment of the Hospital’s obligations as mutually agreed by the parties.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority

  • Asset Improvement 5. (a) The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the Report of Examination or in any subsequent report of examination, as long as such credit remains uncollected.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Cost of Repairs 54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date and the end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost if the loss or damage arises from the Contractor's acts or omissions.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Substantial Completion “Substantial Completion” means the stage in the progress of the Work when the Work, or designated portions thereof, may still require minor modifications or adjustments but, in the Owner’s opinion, the Work has progressed to the point such that all parts of the Work under consideration are fully operational and usable for intended purposes, as evidenced by a Certificate of Substantial Completion approved by the Owner. If a Certificate of Occupancy is required by public authorities having jurisdiction over the Work, said certificate shall be issued before the Work or any portion thereof is considered substantially complete. When the Contractor considers that the Work, or a portion thereof which the Owner agrees to accept separately, is substantially complete, the Contractor shall notify Owner’s Designated Representative (sometimes referred to as the “ODR”) and request a determination as to whether the Work or designated portion thereof is substantially complete. If the ODR does not consider the Work substantially complete, the ODR will notify the Contractor giving reasons therefore. Failure on the Owner’s part to list a reason does not alter the responsibility of the Contractor to complete all Work in accordance with the terms of this Agreement. After satisfactorily completing items identified by Owner’s Designated Representative, the Contractor shall then submit another request for the ODR to determine Substantial Completion. If The ODR considers the Work substantially complete, The ODR will prepare and deliver a certificate of Substantial Completion which shall establish the date of Substantial Completion, shall include a punch list of items to be completed or corrected before final completion and final payment, shall establish the time within which the Contractor shall finish the punch list, and shall establish responsibilities of the Owner and the Contractor for security, maintenance, heat, utilities, damage to the Work, warranty and insurance. Failure to include an item on the punch list does not alter the responsibility of the Contractor to complete all Work in accordance with the terms and conditions of this Agreement. The certificate of Substantial Completion shall be signed by the Owner and the Contractor to evidence acceptance of the responsibilities assigned to them in such certificate. Substantial Completion (as defined in this agreement) for all stages of the Work shall be achieved on or before the following Substantial Completion date: DATE FOR SUBSTANTIAL COMPLETION: TBD Under no circumstances will the time for Substantial Completion exceed this date without a written amendment to this Agreement. THE TIMES SET FORTH IN THE CONSTRUCTION DOCUMENTS ARE AN ESSENTIAL ELEMENT OF THE AGREEMENT. TIME LIMITS STATED IN THE CONTRACT DOCUMENTS ARE OF THE ESSENCE OF THIS AGREEMENT.

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