Market Increase Sample Clauses
The Market Increase clause allows for adjustments to contract terms, typically pricing, in response to significant changes in market conditions. In practice, this clause may permit a supplier to raise prices if the cost of raw materials or other key inputs rises beyond a specified threshold during the contract period. Its core function is to allocate the risk of market volatility between the parties, ensuring that suppliers are not unduly burdened by unforeseen cost increases while providing a clear mechanism for price adjustments.
Market Increase. Effective the first full pay period following Council adoption, a two and a half percent (2.5%) salary increase will be applied to the salary ranges for all represented classes.
Market Increase. The Hospital may, at its discretion, award market increases to Base Rate, as dictated by market conditions during the contract period.
Market Increase. Effective the first full pay period including the adoption of the MOA, the salary ranges of all represented classifications will receive a market adjustment of five percent (5.0%). Addition of Salary Step: Effective the first full pay period including adoption of this MOA by City Council, the City will implement a new step 6 (5% above Step 5) following the same percentage difference as steps 1-5. Any employee who is already at Step 5 on the date the City Council adopts the MOA will move to Step 6 effective the first full pay period following City Council adoption of the MOA. Any employee in the Firefighter classification who is already at Step 4 on the date the City Council adopts the MOA whichever is later will move to Step 5 effective the first full pay period following City Council adoption of the MOA. The employees moved to Step 5 pursuant to this paragraph will move to Step 6 upon one year of service at Step 5 so long as they receive a satisfactory performance evaluation. General Salary Increase: Effective the first full pay period following July 1, 2023, the salary ranges of all represented classifications will be increased by four percent (4.0%).
Market Increase. Effective May 1, 2016 0.5% to be applied before the economic increase $650 effective on the date of signing From: 30,345 31,457 32,615 33,813 ** 1 30,724 31,850 33,023 34,236 ** 2 30,878 32,009 33,188 34,407 ** 3 31,264 32,409 33,603 34,837 ** 4 31,655 32,814 34,023 35272 AD- 1 (Cont’d) From: 35,061 36,356 37,699 39,080 # 1 35.499 36,810 38,170 39,569 # 2 35,676 36,994 38,361 39,767 # 3 36,122 37,456 38,841 40,264 # 4 36,574 37,924 39,327 40,767 # From: 35,662 36,942 38,271 39,652 ** 1 36,108 37,404 38,749 40,148 ** 2 36,289 37,591 38,943 40,349 ** 3 36,743 38,061 39,430 40,853 ** 4 37,202 38,537 39,923 41,364 ** From: 41,082 42,567 44,110 45,702 # 1 41,596 43,099 44,661 46,273 # 2 41,804 43,314 44,884 46,504 # 3 42,327 43,855 45,445 47,085 # 4 42,856 44,403 46,013 47,674 # From: 38,872 40,464 ** 42,123 43,852 45,656 1 39,358 40,970 ** 42,650 44,400 46,227 2 39,555 41,175 42,863 44,622 46,458 3 40,049 41,690 43,399 45,180 47,039 4 40,550 42,211 43,941 45,745 47,627 From: 47,539 49,495 51,540 # 1 48,133 50,114 52,184 # 2 48,374 50,365 52,445 # 3 48,979 50,995 53.101 # 4 49,591 51,632 53,765 # From: 45,738 47,329 ** 48,977 50,687 52,457 1 46,310 47,921 49,589 51,321 53,113 2 46,542 48,161 49,837 51,578 53,379 3 47,124 48,763 50,460 52,223 54,046 4 47,713 49,373 51,091 52,876 54,722 From: 54,291 56,193 58,163 # 1 54,970 56,895 58,890 # 2 55,245 57,180 59,184 # 3 55,936 57,895 59,924 # 4 56,635 58,619 60,673 # ** Semi-annual increments may be approved up to this rate. # Annual increments may be approved up to this rate