Incentive Increases Sample Clauses

Incentive Increases. To the extent permitted by applicable law and subject to the applicable rules of The NASDAQ Global Select Market (or any other securities exchange on which the Guarantor’s securities are then listed), the Issuer is permitted to increase the Exchange Rate by any amount for a period of at least 20 Business Days if the Board of Directors determines that such increase would be in the Issuer’s best interest.
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Incentive Increases. Any full-time Employee may become eligible and qualify for an incentive pay increase for the successful completion of certain education programs in the following manner: A. The Educational Program must be recommended by the Communications Center Committee or, if the Committee does not exist, the Board of Selectmen or its designee and approved by the Board of Selectmen prior to the start of the program. Said recommendation shall be in writing, with a copy to the Board of Selectmen and shall include a detailed description of the course and reasons why it should be considered for an incentive increase. B. Upon successful completion or receipt of grades of each approved program, the Employee must submit within fourteen (14) days an application in writing to the Communications Center Committee or, if the Committee does not exist, the Board of Selectmen or its designee for an incentive increase. Said application shall include documentation of the successful completion of the course, with the marks attained in the course. C. The Communications Center Committee or, if the Committee does not exist, the Board of Selectmen or its designee must present the application to the Board of Selectmen. D. Approval for the incentive increase must be by vote taken at a meeting of the Board of Selectmen. E. No incentive increase may be granted unless there are adequate funds available in the Department Budget to cover the cost of such increase. F. No Employee shall receive more than two (2) 1% incentive increases in any calendar year. G. Items A, B, and F may be waived in unusual circumstances, by a unanimous vote of the three (3) parties involved as outlined in Item D. The incentive increase is to be 1% of the Employee's base salary for each educational program approved. Each Employee who successfully qualified for an incentive increase shall have the incentive increase added to her or his regular salary rate throughout her or his tenure as a Town Employee. Any approved incentive increase shall become effective on the first day of the month following completion of the particular approved Educational Program. The word completion, in this section, shall mean the date of the last scheduled class of an approved program.
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Incentive Increases. To the extent permitted by applicable law and subject to the applicable rules of The New York Stock Exchange (or any other securities exchange on which the Parent’s securities are then listed), the Issuer is permitted to increase the Exchange Rate by any amount for a period of at least 20 Business Days if the Issuer’s Board of Directors determines that such increase would be in the Issuer’s best interest.
Sample 1
Incentive Increases. Under all wage scales here designated, all Employees covered hereby on piece work, incentive rates or any other plan, shall receive an increase added to their piece work, incentive rates or any other plan, equal to the amount added to the rate in the Wage Scales, and such increase shall be reflected into the method of pay determination so that all covered hereby shall receive the increase for all production where productivity is the basis for earnings, and all employees covered hereby working on an hourly basis shall receive the designated increase for all hours worked.
Sample 1
Incentive Increases. Employees may be granted performance-based merit increases as determined by the Fire Chief. No later than 30 days prior to July 1st each year, a work performance evaluation will be completed by the Fire Chief (see Appendix A). The work performance evaluation, and any associated annual merit increase, will be included in this CBA and referred to in Appendix A. Merit increases (only if eligible): July 1, 2019 - June 30, 2020, increase 1.0% for Merit Increase. July 1, 2020 - June 30, 2021, increase 1.5% for Merit Increase. July 1, 2021 - June 30, 2022, increase 2.0% for Merit Increase.
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Related to Incentive Increases

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • 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. (b) The Employer shall notify the employee in writing when an annual increment(s) is not granted or when an annual increment of less than two (2) increments is granted. Such notice shall contain the Employer’s reason(s) as to why the employee’s work performance was not satisfactory. (c) An employee who has not been granted a merit increase shall have the right to refer their performance evaluation to the Director of Human Resources or designate for review by the Review Committee that has been established in the employing department. The employee shall have the right to make written submission to the Review Committee. (d) At the discretion of the Deputy Head, anniversary date merit increases, or portions thereof may be delayed and granted at a subsequent date, without change to the employee’s anniversary date. (e) Where an employee is not granted a pay increment(s) due to an omission or error, the employee shall be granted the increase on a subsequent date, retroactive to their anniversary date for such increment(s). (f) The number of merit increase pay increments granted for part-time or seasonal employees should be pro-rated or delayed in relation to length or work periods. Merit increase pay increments for part-time employees shall be determined in accordance with Article 33.03. (g) Employees paid at or above the control point maximum of the pay range are ineligible for merit increases. (h) It is understood by the parties that clause 14.11 does not apply to scheduled work planning and review or performance appraisal meetings.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • 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.

  • Price Increases This section applies to pricing not Benchmarked to GSA Supply Schedule. Additionally, where pricing submitted for Services is not benchmarked to an approved GSA Supply Schedule:

  • Effective Date of Increase Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • Salary Increase Effective December 1, 2015, salary rates shall be increased by 2.25%.

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