Guaranteed Increase Sample Clauses

Guaranteed Increase. Subject to which leave scheme a Technician belongs; a Technician’s minimum Base Salary will be as follows: Year Effective Date Increase % BMC Personal Leave Scheme Accrued Sick Leave Scheme From commencement of agreement 4.5% $131,554 $125,730 2023 1 September 3% $135,501 $129,502 2024 1 September 2% $138,211 $132,092 2025 1 September 2% $140,975 $134,734 The above table represents minimum fixed Base Salary amounts and increases. The percentage Guaranteed Increases identified in column 3 above will be calculated on the basis of the Technician’s Base Salary from the preceding year which may include Performance Increases awarded under clause A1 1.2 below. The table below sets out examples of maximum potential Base Salary increases for BMC Personal Leave Scheme technicians if all the metrics identified in clause A1 1.2 are achieved. Technicians are not guaranteed the increases identified below which are contingent upon business performance metrics. From commencement of the agreement September 2023 September 2024 September 2025 Guaranteed Increase 4.5% 3% 2% 2% Performance Increase (if metrics are achieved) - - 0.45% 0.45% Guaranteed Base Salary $131,554 $135,501 $138,211 $140,975 Base Salary if Performance Metrics are achieved* - - $138,820 $142,221 *The Base Salary above is calculated on all metrics being achieved, this is variable.
Sample 1
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Related to Guaranteed Increase

  • RENT INCREASE 6.1 The Landlord is entitled to increase the Rent payable under this tenancy, either during the Tenancy Term or any subsequent renewal or periodic term, on each anniversary of the start date of this tenancy (“The Rent Increase Date”). The increase will be a minimum 5% in addition to the current Rent payable. Should the Landlord elect to do so they will first serve written notice on the Tenant in accordance with these Tenancy Terms and Conditions of at least one calendar month prior to the Rent Increase Date (“the Rent Increase Notice”).

  • Merit Increases (a) Subject to documented assessment and performance review undertaken pursuant to the Performance Management System, an employee on anniversary date may be granted an increase of up to five pay increments in the pay scale, not to exceed the control point maximum.

  • Periodic Increases Periodic increases are provided as follows:

  • Rent Increases The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal or extension of the Term of this Lease must be preceded by a - day notice of the same from the Landlord to the Tenant.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • FUNDING INCREASE 1. The Commonwealth shall notify the Grantee in writing of any funding increases under this Agreement.

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year.

  • Step Increase Employees shall move to the next step of the salary schedule, only when agreed to specifically by parties in contract negotiations. If a step increase is provided, it shall be granted to those employees who receive an overall performance evaluation rating of “Effective” or higher. An employee who receives an overall performance evaluation of less than “Effective” shall not be eligible for the Board approved step increase; however, if the affected employee receives an overall performance evaluation of “Effective” or higher for the succeeding year he/she shall be granted the withheld step but not on a retroactive basis.

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