General Adjustment. If and whenever at any time after the date hereof and prior to the Termination Date, the Company takes any action affecting its Common Shares to which the foregoing provisions of this Section 3, in sole the opinion of the board of directors of the Company, acting reasonably and in good faith, are not strictly applicable, or if strictly applicable would not fairly adjust the rights of the Holder against dilution in accordance with the intent and purposes thereof, or would otherwise materially affect the rights of the Holder hereunder, then the Company may execute and deliver to the Holder an amendment hereto providing for an adjustment in the application of such provisions so as to adjust such rights as aforesaid in such a manner as the board of directors of the Company may solely determine to be equitable in the circumstances, acting reasonably and in good faith. The failure of the taking of action by the board of directors of the Company to so provide for any adjustment on or prior to the effective date of any action or occurrence giving rise to such state of facts will be conclusive evidence that the board of directors has determined that it is equitable to make no adjustment in the circumstances.
General Adjustment. General adjustment of salary bands, function-based salaries and allowances; cf section 30(4), is implemented using a percentage calculated as the standard collective agreement’s general salary increase less the part of the salary increase allocated to local pools by the central parties to the collective agreement. This percentage rises by the part of the local pool which the local parties to the collective agreement may have agreed to use for general salary increases.
General Adjustment. Effective January 1, 2024 only, a 3.75% general adjustment shall occur. In addition, on January 1, 2025 only a 3.75% general adjustment shall occur.
General Adjustment. 1. The Claim is for an increase in all pay rates and allowances of 7.0%. There are however further claims that are occupational specific within the claims document that could be said to be general increases for that group. • The pay claim is based upon the following factors: • The need to protect the living standards of members. • Recognition of productivity increases made by members as measured by improvements in company efficiency and productivity. • The need for the employers to recruit and retain employees of a high calibre. • Recognition of the workers right to share in the profits and growth of the company. • Recognition of the rising cost of mortgage finance to employees • Recognition of the escalating cost of electricity and petroleum. • To compensate members for increases in the general cost of living.
General Adjustment. Effective January 1, 2019 and January 1, 2020 only, a 2.5% general adjustment.
General Adjustment. To prevent dilution or antidilution of the Option, the Exercise Price shall be subject to adjustment from time to time as provided in this paragraph 5 (such price or price as last adjusted pursuant to the terms hereof, as the case may be, is herein called the "Exercise Price") and the number of Shares issuable on exercise of the Option shall be subject to adjustment from time to time as provided in this paragraph 5.
General Adjustment. Real estate taxes, personal property taxes, lease payments and rents and any other receipts and expenses attributable to any lease by the Company as lessee of the Leased Property, and other operating income and expenses relating to the Leased Property, shall be prorated as of the Closing Date between the Company and the Buyer. All business, license, occupation, sales, use, withholding or similar taxes, or any other taxes of any kind (other than real estate and personal property taxes which shall be prorated as hereinbefore provided) relating to the Business or the Assets and attributable to the period prior to the Closing Date shall be paid by the Company, and all such taxes attributable to the period on and after the Closing Date shall be paid by the Buyer. Payment by the Company of any obligations under any contracts the benefit of which payment relates in whole or part to the period on and after the Closing Date shall be adjusted between the Company and the Buyer such that the Company shall receive credit or be reimbursed by the Buyer for that portion of any obligation paid by the Company, the benefit of which relates to the period on and after the Closing Date. Prepayments received by the Company on any contracts and other deposits which the Company received prior to the Closing Date for periods on and after the Closing Date shall (except as otherwise expressly provided in this Agreement) be paid over and delivered by the Company to the Buyer.
General Adjustment. Real estate taxes, possessory interest taxes, personal property taxes, lease payments and rents, and any other receipts and expenses attributable to any lease by Aero, as lessor or lessee, and other operating income and expenses relating to the Houston FBO, shall be prorated as of the Closing Date between Aero and TigerAir. All business, license, occupation, sales, use, withholding or similar taxes, or any other taxes of any kind relating to the Houston FBO and attributable to the period prior to the Closing Date shall be paid by Aero, and all such taxes attributable to the period on and after the Closing Date shall be paid by TigerAir.
General Adjustment. Unless specifically noted herein, the operation of the Seller’s business and related income and expenses up to the close of business on the day before the Closing Date shall be for the account of the Seller and thereafter for the account of the Purchaser, including but not limited to, utilities, telephone charges, personal property taxes, rents, real property taxes, sales tax, wages, vacation pay, payroll taxes, and fringe benefits of employees of the Seller, which shall be prorated between the Seller and the Purchaser as of the close of business on the day before the Closing Date, the proration to be made, insofar as reasonably possible, on the Closing Date. Settlement of any remaining pro-rations shall be made within thirty (30) days following the Closing Date.
General Adjustment. Regular and probationary employees shall receive a 2.00% general increase effective the first full pay period in January 2022, not to exceed the range maximum. Annual Performance-Based Compensation in March 2022: Eligible employees’ salary actions shall be based on their annual performance evaluation overall rating for the previous calendar year’s performance (2021) based on the table below. Annual performance-based compensation shall be effective the first full pay period in March. The County’s administrative guidelines will govern the manner in which performance-based salary actions will be administered for all bargaining unit employees hired after October 15, 2014; illustrated in appendices C and D. Regular employees, on an approved leave of absence, who work less than five months (866 hours on 2080 schedule) in the calendar year under review shall receive an evaluation based on time worked and performance-based compensation based on the months worked. (For example: one month is 173 hours if on a 2080 schedule). When a performance evaluation is delayed due to an approved leave of absence the appropriate payment will be processed the first full pay period following the completion of the evaluation process, with an effective date consistent with the type of increase. Regular employees budgeted to work less than 40 hours per week or 80 hours per pay period will be prorated for purposes of this calculation based on their budgeted FTE. Pay-for-Performance Matrix (Effective January 1, 2022) Pay for Performance Rating Salary Range Outstanding ExceedsExpectations Successful NeedsImprovement >110%-120% ofTarget Rate 2.00% base +1.00% lump sum 1.00% base +1.00% lump sum 1.00% lump sum 0.00% >100-110% ofTarget Rate 2.50% base +0.50% lump sum 1.50% base +0.50% lump sum 0.50% base +0.50% lump sum 0.00% Target >90%-100% ofTarget Rate 3.00% base 2.00% base 1.00% base 0.00% 80%-90% ofTarget Rate 3.00% base 2.00% base 1.00% base 0.00% Implementation of 2022 Pay-for-Performance Compensation: • Calculation of Pay-for-Performance Compensation: o Pay-for-Performance salary actions for employees whose salary is at or below the target rate of the appropriate pay range will be calculated based on the target rate. o Pay-for-Performance salary actions for employees whose salary is above the target rate of the appropriate pay range will be calculated based upon the employee’s base salary, not to exceed the range maximum for their classification. • No employee’s salary may exceed ...
