Fiscal Year 2011 Clause Samples
The 'Fiscal Year 2011' clause defines the specific 12-month accounting period referred to as Fiscal Year 2011 for the purposes of the agreement. This clause clarifies which dates are included in Fiscal Year 2011, such as beginning on October 1, 2010 and ending on September 30, 2011, or as otherwise specified by the parties. By establishing the exact timeframe, the clause ensures that all financial reporting, obligations, and performance measurements tied to Fiscal Year 2011 are clearly understood, thereby preventing confusion or disputes over which period is being referenced.
Fiscal Year 2011. By giving written notice of its desire to do so on or before October 1, 2009 either party may reopen this Agreement for purposes of negotiating increases in general wages. In accordance with state statute, the Governor’s Budget Recommendation shall include the wage increase negotiated by the parties. Any increases in general wages agreed to shall be subject to legislative appropriation and to impasse resolution procedures mandated by the Public Employee Bargaining Act in effect at the time notice is given. All other terms of this Agreement shall remain in full force and effect. If notice of desire to reopen the Agreement is not given by either party, then the matter will be considered closed for Fiscal Year 2011.
Fiscal Year 2011. For the fiscal year of the Company beginning January 30, 2011 (“Fiscal Year 2011”), Employee’s eligibility for a bonus will be reviewed and determined by the HRCC based upon the important role assigned to Employee by the Board in accordance with Section 1(b) of this Fourth Amendment. The potential amount of such bonus, if any, and the objectives to be achieved in order for such bonus to become payable shall be determined by the HRCC in its sole discretion and shall be communicated to Employee.
Fiscal Year 2011. 12: The SFMTA may lay off employees represented by members of the PEC or the PEC only if the SFMTA Board projects an operating deficit $20 million or more as verified by the Controller’s Office. In either such event, the SFMTA will provide the Public Employee Committee of the San Francisco Labor Council (“PEC”) with complete and current Budget Information (as defined in paragraph 69 below) supporting the need for additional layoffs. Immediately after issuing any such layoff notices, the SFMTA will schedule a meeting with the PEC. At least one week prior to the scheduled meeting, the SFMTA will provide the required Budget information. This meeting will be in addition to meet and confer sessions required by MMBA and/or MOU. The purpose of the PEC meeting will be to identify alternatives to additional job loss (including, but not limited to, reductions in SFMTA contracts and measures to increase SFMTA revenue) and to minimize the number and impact of any necessary additional layoffs.