Fiscal Year 2017 Clause Samples

Fiscal Year 2017. Effective January 1, 2017, the base salary/wage schedule for bargaining unit members shall increase by four and twenty-two fourteen one hundredths percent (4.2214%).

Fiscal Year 2017. Effective January 1, 2017 the base salary/wage schedule for bargaining unit members shall be increased by four and twenty two fourteen one hundredths percent (4.2214%). Effective July 1, 2017, the base salary/wage schedule for bargaining unit members shall be increased by two percent (2.0%). All wage increases for FY ‘13 – FY ‘18 except the 2.0% on July 1, 2017 include the amounts designated in the PERS Pick Up section.

Fiscal Year 2017. Effective the first day of the first full pay period beginning on or after October 1, 2016, bargaining unit employees actively on the payroll as of the date of approval of this Compensation Agreement by D.C. Council, shall receive a three percent (3.0%) increase.

Fiscal Year 2017. (i) Within ten (10) calendar days following the availability of preliminary financial results for the Surviving Corporation for the fiscal quarter ended September 30, 2017, Parent shall (or shall cause the Surviving Corporation to) prepare and deliver to the Sellers Representative (on behalf of the Sellers) a statement setting forth (A) Adjusted EBITDA for the twelve (12) month period ending September 30, 2017 (the “Q3 LTM Adjusted EBITDA”) and (B) the calculation of the First Earnout Payment, if any (the “First Earnout Statement”). Within ten (10) Business Days following the date on which Parent delivered the First Earnout Statement, Parent shall pay (or shall cause to be paid), as Additional Merger Consideration, to the Sellers Representative on behalf of the Stockholders (other than any holder of Excluded Shares at such time) and the holders of the Vested Company Stock Options, the First Earnout Payment, if any, (other than the portion allocable to any holder of Excluded Shares at such time) pursuant to SECTION 2.7(d). (ii) Within ten (10) calendar days following the availability of preliminary financial results for the Surviving Corporation for the fiscal year ended December 31, 2017, Parent shall (or shall cause the Surviving Corporation to) prepare and deliver to the Sellers Representative (on behalf of the Sellers) a statement setting forth (A) the preliminary calculation of Adjusted EBITDA for the fiscal year ended December 31, 2017 (the “Preliminary 2017 Adjusted EBITDA”), (B) the calculation of the Total Preliminary Potential 2017 Earnout Payment, and (C) the calculation of the Preliminary 2017 Earnout Payment, as described below, if any (the “Preliminary 2017 Earnout Statement”). If the product of (1) the Total Preliminary Potential 2017 Earnout Payment multiplied by (2) seventy-five percent (75%) is greater than the First Earnout Payment (such excess, the “Preliminary 2017 Earnout Payment”), then, within ten (10) Business Days following the date on which Parent first delivered the Preliminary 2017 Earnout Statement, Parent shall pay (or shall to be paid), as Additional Merger Consideration, to the Sellers Representative on behalf of the Stockholders (other than any holder of Excluded Shares at such time) and the holders of the Vested Company Stock Options, the Preliminary 2017 Earnout Payment (other than the portion allocable to any holder of Excluded Shares at such time) pursuant to SECTION 2.7(d). If the product of (1) the Total Preliminary P...

Fiscal Year 2017. Effective the first day of the first full pay period beginning on or after October 1, 2016, the FY 2017 salary schedules of employees employed in bargaining units as certified and assigned to AFSCME, District Council 20, Local 1959 by the Public employee Relations Board shall be adjusted 2.5%.