Market-Based Equity Adjustments Sample Clauses

Market-Based Equity Adjustments. Pursuant to MOU Section 6.1 Market-Based Equity Adjustments, the equity adjustments for the classifications of Parks Maintenance Crew Supervisor and Street Maintenance Worker I are modified to mirror Public Works Crew Supervisor and Park Maintenance Worker I respectively. These adjustments maintain internal benchmarks within the Park Maintenance and Street Maintenance series as well as address compaction. The adjustments will be applied consistent with the effective date of the market-based equity adjustments as provided by the MOU. Exhibit A of the MOU, Salary Tables, is modified as follows:
Sample 1
AutoNDA by SimpleDocs
Market-Based Equity Adjustments. Effective the first full pay period following July 1, 2021, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). These changes are reflected in the Salary Table Attached as Exhibit “A.” In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments.” These changes are also reflected in the Salary Tables Attached as Exhibit “A.” Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, if a classification is scheduled to receive a 9.7% market equity adjustment and a 2.0% COLA, the classification will receive a total increase of 11.7%.
Sample 1
Market-Based Equity Adjustments. Effective the first full pay period following July 1, 2021, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). Market-based equity increases will be effective the first full pay period following July 1, 2021. These changes are reflected in the Salary Tables Attached as Exhibit “A.” In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments.” These changes are also reflected in the Salary Tables Attached as Exhibit “A.” Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, if a classification is scheduled to receive a 9.7% market equity adjustment and a 2.0% COLA, the classification will receive a total increase of 11.7%.
Sample 1
Market-Based Equity Adjustments. As set forth below, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”) as reflected in the Salary Tables attached as Exhibit A. In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments,” or consistent with the agreement with the bargaining unit in their chain of command (e.g., based on Unit 6 equity adjustments). These changes are also reflected in the Salary Tables attached as Exhibit A.
Sample 1
Market-Based Equity Adjustments. 1. Effective the first full pay period following July 1, 2023, the City shall increase the base pay for all Unit 10 Fire classifications by one-and-one- half percent (1.5%). Market based equity adjustments are independent of the GSI but will be implemented in an additive (non-compounded) fashion (i.e., the total increase will be 5.5%).
Sample 1
Market-Based Equity Adjustments. Effective the first full pay period following the later of July 1, 2021 or the City Council’s adoption of new job specifications, the City shall increase the base pay for each classification with a total compensation of below market median, as determined by the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). These changes are reflected in the Salary Tables Attached as Exhibit “A." In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled, “Salary Benchmarks and Alignments”. Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, the Deputy City Clerk will receive both a 9.7% market equity adjustment and a 2.0% COLA for a total increase of 11.7% the first year. Both COLA and Market Equity Adjustments are reflected in the Salary Tables Attached as Exhibit “A." Y-Rating
Sample 1

Related to Market-Based Equity Adjustments

  • EQUITY ADJUSTMENTS The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows:

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Non pre-priced Adjustment Factor To be applied to Work deemed not to be included in the CTC but within the general scope of the work:

  • ECONOMIC PRICE ADJUSTMENT is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Pay Adjustments (1) Where the rate of pay of a position or job is adjusted upwards, the employee shall be placed on the lowest step of the new pay range which will give him/her a monthly increase and the increment anniversary shall be that date.

  • Contingent Price Adjustment It is the policy of the State of Oregon that unprocessed timber shall not be exported from lands owned or managed by the STATE or any of its political subdivisions or agencies, in accordance with the terms of current federal law and the Constitution and the laws of the State of Oregon. PURCHASER specifically agrees that Section 1 is a material term of this contract and is part of the consideration offered to STATE in return for STATE's performance. In the event that any federal law or state constitutional provision or law or any provision of this contract concerning export of unprocessed timber is declared invalid by any court or administrative tribunal, PURCHASER agrees to pay to STATE a contingent price in the amount of the difference between the purchase price set forth in this section and the price obtained by PURCHASER for the exported unprocessed timber. The default provisions of OAR 629-032-0000 through 629-032-0070 shall not apply to exported unprocessed timber. In the event that timber made available under this contract is exported in violation of this contract, PURCHASER shall be in material breach of the contract. STATE shall be entitled to cease performance of the contract and recover, in addition to the adjusted price set out above, a further sum estimated to compensate for administrative expense and the economic impact of the violation upon the State and its citizens. In no case shall this additional amount be less than $10,000 per incident.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!