Improvement Factor Sample Clauses

The Improvement Factor clause defines how enhancements or upgrades to a product, service, or process are measured and valued within a contract. Typically, it sets out the criteria for determining what constitutes an improvement, how such improvements are quantified, and the method for adjusting compensation or performance metrics accordingly. For example, if a contractor introduces a more efficient process that reduces costs or increases output, the clause may specify how the resulting benefits are shared between parties. The core function of this clause is to incentivize innovation and ensure that both parties have a clear, agreed-upon method for recognizing and rewarding improvements during the contract term.
Improvement Factor. Improvements in the standard of living
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Improvement Factor. The improvement factor provided herein recognizes the principle that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, effective December 15, 2003 each employee covered by this Agreement shall receive an improvement factor increase in his straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table II: Straight Time Hourly Wage Rate Wage Increase Less than $28.17 84¢ per hour 28.17 – 28.49 85¢ per hour 28.50 – 28.83 86¢ per hour 28.84 – 29.16 87¢ per hour 29.17 – 29.49 88¢ per hour 29.50 – 29.83 89¢ per hour 29.84 – 30.16 90¢ per hour 30.17 – 30.49 91¢ per hour 30.50 – 30.83 92¢ per hour 30.84 – 31.16 93¢ per hour 31.17 – 31.49 94¢ per hour 31.50 – 31.83 95¢ per hour 31.84 – 32.16 96¢ per hour 32.17 – 32.49 97¢ per hour 32.50 – 32.83 98¢ per hour 32.84 – 33.16 99¢ per hour 33.17 – 33.49 $1.00 per hour 33.50 – 33.83 $1.01 per hour 33.84 – 34.16 $1.02 per hour 34.17 – 34.49 $1.03 per hour 34.50 – 34.83 $1.04 per hour 34.84 – 35.16$1.05 per hour The increase in base rates provided for in this Subsection will be added to the full base hourly rate for each classification.
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Improvement Factor. Effective December 17, 2001 each employee covered by this Agreement shall receive an improvement factor increase in straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table III: Straight Time Hourly Wage Rate Wage Increase Less than $24.84 74¢ per hour 24.84 – 25.16 75¢ per hour 25.17 – 25.49 76¢ per hour 25.50 – 25.83 77¢ per hour 25.84 – 26.16 78¢ per hour 26.17 – 26.49 79¢ per hour 26.50 – 26.83 80¢ per hour 26.84 – 27.16 81¢ per hour 27.17 – 27.49 82¢ per hour 27.50 – 27.83 83¢ per hour 27.84 – 28.16 84¢ per hour 28.17 – 28.49 85¢ per hour 28.50 – 28.83 86¢ per hour 28.84 – 29.16 87¢ per hour 29.17 – 29.49 88¢ per hour 29.50 – 29.83 89¢ per hour 29.84 – 30.16 90¢ per hour 30.17 – 30.49 91¢ per hour 30.50 – 30.83 92¢ per hour 30.84 – 31.16 93¢ per hour 31.17 – 31.49 94¢ per hour 31.50 – 31.83 95¢ per hour Section 58 - Wage Progression (i) A new employee hired on or after the effective date of this Agreement shall be hired at a rate equal to eight-five percent (85%) of the full base rate of the job classification. (ii) At the expiration of two hundred and seventy (270) days of employment, such employee shall receive an increase to ninety-two and one half percent (92.5%) of the full base rate of the job classification. (iii) At the expiration of five hundred and forty-five (545) days of employment, such employee shall be paid the full base rate of the job classification. (b) An employee will receive credit for seven days for each pay period during which the employee works except that credit will not be given for any days the employee is on layoff. Credit will not be given for any pay period during which for any reason, the employee does not work except that an employee disabled from work by sickness, compensable injury or legal occupational disease shall accrue credit toward pay periods worked and in the case of the pay period in which the full week of the Christmas Holidays fall, provided the employee would otherwise have been scheduled to work. Further, an employee will be given progression credit of either one or two weeks of the vacation shutdown period provided the employee earns at least 40 or 80 hours of vacation and paid absence allowance entitlement respectively. Each increase shall be effective at the beginning of the first pay period following the completion of the required number of days of employment. (c) A laid-off s...
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Improvement Factor. The improvement factor provided herein recognizes the principle that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, effective December 15, 1997, each employee covered by this Agreement shall receive an improvement factor increase in straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table II:‌ Wage Rate Wage Increase Less than $21.75 43¢ per hour $ 21.75 - 22.24 44¢ per hour
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Improvement Factor. The Improvement factor provided herein recognizes the principle that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, effective September 18, 2006 and, September 17, 2007 each employee covered by this Agreement shall receive an improvement factor increase of $10.00 to their base weekly salary.
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Improvement Factor. Effective December 13, 2004 each employee covered by this Agreement shall receive an improvement factor increase in straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table III: Straight Time Hourly Wage Rate Wage Increase Less than $28.75 57¢ per hour 28.75 – 29.24 58¢ per hour 29.25 – 29.74 59¢ per hour 29.75 – 30.24 60¢ per hour 30.25 – 30.74 61¢ per hour 30.75 – 31.24 62¢ per hour 31.25 – 31.74 63¢ per hour 31.75 – 32.24 64¢ per hour 32.25 – 32.74 65¢ per hour 32.75 – 33.24 66¢ per hour 33.25 –33.74 67¢ per hour 33.75 – 34.24 68¢ per hour 34.25 – 34.74 69¢ per hour 34.75 – 35.24 70¢ per hour 35.25 – 35.74 71¢ per hour 35.75 – 36.24 72¢ per hour 29.84 – 30.16 90¢ per hour
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Improvement Factor. Effective December 21, 1998, each employee covered by this Agreement shall receive an improvement factor increase in straight time hourly wage rate (exclusive of cost-of-living allowance, and shift premium, seven-day operations premium, and any other premiums), in accordance with the following Table III: Wage Rate Wage Increase Less than $22.25 44¢ per hour $ 22.25 - 22.74 45¢ per hour 22.75 - 23.24 46¢ per hour 23.25 - 23.74 47¢ per hour 23.75 - 24.24 48¢ per hour The increase in base rates provided for in this Subsection will be added to the full base hourly rate for each classification.
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Related to Improvement Factor

  • School Improvement The parties do hereby mutually agree that the school improvement process currently in effect will continue. Any plan developed by the committees shall not be in conflict with the master agreement or board policy.

  • Improvement Plan A detailed, written plan initiated by the evaluator. The teacher may provide input at the meeting to review the plan. Improvement plans are utilized when a teacher receives an Evaluation Rating of Ineffective or when an administrator utilizes discretion to place any teacher on an improvement plan at any time based on any individual deficiency in the evaluation system. The approved form for the Improvement Plan is attached to this agreement as Appendix A-9.

  • Improvement Any alteration to the land or other physical construction located on or off the Property that is associated with this subdivision/PUD and building site developments.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

  • Additional Improvements Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor's records and work sheets as being caused by additional improvements placed upon the Industrial Center by other lessees or by Lessor for the exclusive enjoyment of such other lessees. Notwithstanding Paragraph 10.1 hereof, Lessee shall, however, pay to Lessor at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee or at Lessee's request.