Fiscal Year 2018. Effective October 1, 2017, there shall be an across the board pay scale and wage increase of two percent (2%).
Fiscal Year 2018 a. Effective the first full pay period of July 2017, members of the bargaining unit shall receive a base salary increase of one percent (1%).
b. If fiscal year 2018 tax revenues, as defined in paragraph A, above, equal or exceed $27.072 billion, effective the full first pay period July 2017, members of the bargaining unit shall receive an additional base salary increase of one percent (1%).
Fiscal Year 2018. For the Company’s fiscal year ending December 31, 2018, if the Executive remains employed with the Company through and including December 31, 2018, the Executive shall receive a cash bonus equal to the pro-rated portion of the Base Salary actually earned by the Executive in fiscal year 2018 (the “2018 Cash Incentive”). The 2018 Cash Incentive shall be paid to the Executive at the same time as payments of annual cash bonuses to the Company’s other senior executives generally but in no event later than March 15, 2019.
Fiscal Year 2018. Effective July 1, 2017, the base salary/wage schedule for bargaining unit members shall increase by 2%.
Fiscal Year 2018. The SCIC’s annual fees and assessments for Fiscal Year 2018 will be billed and paid by the SCIC according to the provisions of this Article III.
Fiscal Year 2018. (i) Within ten (10) Business Days following the date on which the audit for the fiscal year ended December 31, 2018 for PRAHS and its Subsidiaries (including the Surviving Corporation) is completed, but no later than March 31, 2019, 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 fiscal year ended December 31, 2018 (the “Actual 2018 Adjusted EBITDA”), (B) the calculation of the Additional Potential 2018 Earnout Payment and (C) the calculation of the Actual 2018 Earnout Payment, if any (the “Actual 2018 Earnout Statement”).
(ii) If an Earnout Objection Notice has not been delivered in accordance with SECTION 2.7(e), the Actual 2018 Earnout Payment set forth in the Actual 2018 Earnout Statement shall be deemed to be the Final 2018 Earnout Payment, and if an Earnout Objection Notice has been delivered pursuant to SECTION 2.7(e) with respect to the Actual 2018 Adjusted EBITDA, upon the final determination of the Actual 2018 Adjusted EBITDA pursuant to SECTION 2.7(e) (as so determined, the “Final 2018 Adjusted EBITDA”), the Actual 2018 Earnout Payment shall be recalculated, substituting the Final 2018 Adjusted EBITDA for the Actual 2018 Adjusted EBITDA and such amount shall be deemed to be the Final 2018 Earnout Payment. Within (A) three (3) Business Days following the determination of the Final 2018 Adjusted EBITDA if an Earnout Objection Notice is delivered pursuant to SECTION 2.7(e), or (B) thirteen (13) Business Days following the date on which Parent delivered the Actual 2018 Earnout Statement, if no Earnout Objection Notice is delivered pursuant to SECTION 2.7(e), 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, an amount equal to (1) the Final 2018 Earnout Payment, if any, (other than the portion allocable to any holder of Excluded Shares at such time) minus (2) the First Earnout Overpayment (or any remainder thereof), if any, minus (3) the Preliminary 2017 Earnout Overpayment, if any, pursuant to SECTION 2.7(d). Any portion of the First Earnout Overpayment and/or the Preliminary 2017 Earnout Overpayment that remains after such offset (or a determination that the Final 2018 Earnout Payment is not required to be paid)...
Fiscal Year 2018. On July 1, 2017, Schedule A shall become effective. Employees on the active payroll shall receive a 1% wage increase.
Fiscal Year 2018 a. Effective the first full pay period of July 2017, members of the bargaining unit with a performance rating of at least “Successful” on his or her most recent performance evaluation shall receive a base salary increase of one percent (1%).
b. If fiscal year 2018 tax revenues, as defined in paragraph A, above, equal or exceed $27.072 billion, effective the full first pay period July 2017, members of the bargaining unit with a performance rating of at least “Successful” on his or her most recent performance evaluation shall receive an additional base salary increase of one percent (1%).
Fiscal Year 2018. Effective July 1, 2017, the maximum pay rates will be increased by three and one-half percent (3.5%). Effective July 1, 2018, the maximum pay rates will be increased by three and one-half percent (3.5%). Effective the first full pay period in January 2019, Salary Schedule P will be adjusted at P05 to reflect the County minimum wage of $11.50 per hour. All other steps and grades will be adjusted accordingly. There will be no other pay adjustments for the duration of this agreement.
Fiscal Year 2018. Effective July 1, 2017, the maximum pay rates will be increased by three and one-half percent (3.5%). Effective July 1, 2018, the maximum pay rates will be increased by three and one-half percent (3.5%). Effective the first full pay period in January 2019, Salary Schedule P will be adjusted at P05 to reflect the County minimum wage of $11.50 per hour. All other steps and grades will be adjusted accordingly. Effective July 1, 2022, Salary Schedule P will be adjusted at P05 to reflect the County minimum wage of $12.50 per hour. The maximum and minimum salary at all other grades will be adjusted accordingly. Effective July 1, 2022, the maximum pay rates will be increased by three and one-half percent (3.5%). Effective July 1, 2023, the maximum pay rates will be increased by three and one-half percent (3.5%). There will be no other pay adjustments for the duration of this agreement.
