Example of District Maximum Annual Contribution increases and decreases Sample Clauses

Example of District Maximum Annual Contribution increases and decreases. Year 1: Benchmark Plan cost = $17,481 (District Maximum Annual Contribution) Year 2: Benchmark Plan cost = $18,481 (+$1,000) [In year 2, the District Maximum Annual Contribution would be increased by $500 to $17,981 and faculty member contributions for faculty members on the Benchmark Plan would be implemented at the rate of $500 per year for faculty members selecting the Benchmark Plan]. Year 3: Benchmark Plan cost = $17,981 (-$500) [In year 3, the District Maximum Annual Contribution would be decreased by $250 to $17,731 and faculty member contributions would be decreased by $250 to a total of $250 per year for faculty members selecting the Benchmark Plan] Year 4: Benchmark Plan cost = $16,981 (-$1,000) [In year 4, the District Maximum Annual Contribution would be decreased by $500 to $17,231. ($17,731 - $500 = $17,231). Since the District Maximum Annual Contribution exceeds the plan cost, no faculty member contributions would be required for faculty members selecting the Benchmark Plan]. Year 5: Benchmark Plan cost = $17,981 (+$1,000) [In year 5, the District Maximum Annual Contribution would increase by $500 to $17,731 and faculty member contributions would be $250 per year for faculty members selecting the Benchmark Plan].
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Related to Example of District Maximum Annual Contribution increases and decreases

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • 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.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. 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.

  • General Wage Increases The Employer and the Union agree that the new Collective Agreement shall reflect wage adjustments as follows:

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • 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.

  • Price Increases This section applies to pricing not Benchmarked to GSA Supply Schedule. Additionally, where pricing submitted for Services is not benchmarked to an approved GSA Supply Schedule:

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