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For Fiscal Year 2005 Sample Clauses

For Fiscal Year 2005 a) Require first that the Minimum Salary Formula (Article XIII-A) as it now exists under the 2001 Agreement be applied to all full-time and salaried part-time members of the bargaining unit with effect on the Effective Date of the 2004 Agreement; and with effect on the Effective Date of the 2004 Agreement, grant each member of the bargaining unit any increase required to bring his or her annual salary up to the minimum salary prescribed by the formula. For the purposes of this review, persons employed as members of the bargaining unit on the Effective Date of the Agreement shall be deemed to have been employed through May 31, 2005. b) Thereafter, with effect on the Effective Date of the 2004 Agreement, grant merit increases in the following annualized amounts to all eligible unit members who are rated “satisfactory” pursuant to the Special Performance Review depicted at Article VIII, §0, of the 2004 Agreement: 1) Professors/Senior Librarians $700 2) Associate Professors/Librarians $600 3) Assistant Professors/Associate Librarians $500 4) Instructors/Assistant Librarians/ Library Associates/Library Assistants $400 For these purposes, eligible unit members shall include, on a pro rata basis, salaried part-time members who hold the requisite academic ranks.‌‌‌‌‌‌‌‌‌‌‌‌ c) Thereafter, with effect on the Effective Date of the 2004 Agreement, grant an across-the-board pay increase of 3% to all full-time and salaried part-time unit members. d) With effect on the Effective Date of the 2004 Agreement, increase by $50 the per-credit rate of pay for part-time faculty (other than salaried part-time faculty) who are then teaching one or more courses, and increase the amounts paid music teachers at Westfield by 4.2%. e) Thereafter, with effect on the Effective Date of the 2004 Agreement, increase the elements of the Minimum Salary Formula as follows: 1) First increase the base rate by $400, the rate for Professor and Senior Librarian by $300, the rate for Associate Professor and Librarian by $200, and the rate for Assistant Professor and Associate Librarian by $100. 2) Then increase all of the elements of the Formula (including those just described) by 3%. 3) Increase the values of all terminal degree adjustments and the values of all promotion increases by 3%. f) For the purposes of Article XIII, the Effective Date of the 2004 Agreement shall be the date on which the parties execute the 2004 Agreement unless they otherwise agree.
Sample 1
For Fiscal Year 2005. FY 2005"), the Employee shall be eligible to receive a maximum Bonus of up to $300,000. (a) The Bonus available for award will be determined as follows: FY 2005 Reported EPS Bonus Available ------------------------- --------------- Less than $.46 $ 0 Equals or exceeds .46 300,000 (b) The portion of the Bonus available that will be awarded will depend on the performance measures set forth below: (1) 16.67% of the Bonus available for FY 2005 will be determined based on the achievement of the following diluted reported EPS levels (i.e., that EPS level, rounded to the nearest whole cent, reported in the Company's year-end earnings release, adjusted as appropriate pursuant to 2(c) hereof): % of 16.67% of Bonus Bonus Award FY 2005 Diluted Reported EPS Potential Based on EPS ---------------------------- -------------------- ------------ Equals or exceeds $.46 20.00% $ 10,000 Equals or exceeds .47 35.00% 17,500 Equals or exceeds .48 50.00% 25,000 Equals or exceeds .49 66.67% 33,335 Equals or exceeds .50 83.33% 41,670 Equals or exceeds .51 100.00% 50,000 (2) 75% of the Bonus available ($225,000 rounded) will be awarded based on achievement of Divisional Business Objectives specific to the Employee's area of responsibility based on criteria provided in Attachment 1 to this Appendix A. (3) 8.33% of the Bonus available ($25,000 rounded) will be based on the successful completion of initiatives deemed to be instrumental in growing our existing businesses or by creating additional revenue sources for the Company, either as head of a task force or as a (division, regional, location, etc.) beta test site for new projects. (c) Non-recurring items approved for exclusion by the Compensation Committee in its sole discretion shall be excluded from diluted earnings per share for purposes of this calculation. Diluted earnings per share shall be calculated by the Company's Chief Financial Officer taking into account any such exclusions and shall be binding on all Employees absent manifest error. Agreed to and accepted: XXXXXXX ENTERPRISES, INC. Effective date: November 1, 2004 By: /s/ Xxxxx X. XxXxxxxxx ------------------------------- Xxxxx X. XxXxxxxxx Compensation Committee Chairman EMPLOYEE Effective date: November 1, 2004 /s/ Xxxxxxx X. Xxxxx ----------------------------------- Xxxxxxx X. Xxxxx XXXXXXXX X TO EMPLOYMENT AGREEMENT BETWEEN XXXXXXX ENTERPRISES, INC. AND XXXXXXX X. XXXXX Jurisdiction In Which Competition Is Restricted As Provided In Article V Section 0
Sample 1

Related to For Fiscal Year 2005

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • End of Fiscal Years The Parent and the Borrower will maintain their fiscal year ends as in effect on the Effective Date.

  • Quarterly Financials To Agent, within forty-five (45) days after the end of the first three Fiscal Quarters of each Fiscal Year, consolidated financial information regarding Parent Borrower and its consolidated Restricted Subsidiaries, certified by a Financial Officer of Parent Borrower, including (i) unaudited balance sheets as of the close of such Fiscal Quarter and (ii) unaudited statements of income and cash flows for such Fiscal Quarter, in each case setting forth in comparative form the figures for the corresponding period in the prior year and the related statements of income and cash flow for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to absence of footnotes and normal year-end adjustments). Such financial information shall be accompanied by (A) a statement in reasonable detail (each, a “Compliance Certificate”) showing the calculations used in determining compliance with the financial covenant set forth in Section 7.10, if applicable, and (B) including the certification of a Financial Officer of Parent Borrower that (i) such financial information fairly presents, in all material respects in accordance with GAAP (except as approved by accountants or officers, as the case may be, and disclosed in reasonable detail therein, including the economic impact of such exception, and subject to normal year-end adjustments and the absence of footnote disclosure), the financial position, results of operations and statements of cash flows of Parent Borrower and its consolidated Restricted Subsidiaries, on a consolidated basis, as at the end of such Fiscal Quarter and for that portion of the Fiscal Year then ended, and (ii) that no Default or Event of Default has occurred and is continuing as of such time or, if a Default or Event of Default has occurred and is continuing, describing the nature thereof and all efforts undertaken to cure such Default or Event of Default. In addition, Borrowers shall deliver to Agent and Lenders, within forty-five (45) days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a management discussion and analysis that includes a comparison of performance for that Fiscal Quarter to the corresponding period in the prior year.

  • Changes in Fiscal Year Make any change in its fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year.

Most Referenced Clauses

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