Market Increases Sample Clauses

Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market increases will be effective the first full pay period after July 1, 2016. There shall be no market increases for FY15 or FY16. In FY17, the market increase pool will be calculated on the total base payroll of unit members as of March 1, 2016 and will be applied to base nine month salaries effective the first full pay period after July 1 of 2016. Distribution of the market increase pool for FY17 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY17, the University shall distribute up to three-tenths percent (0.3%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. A joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU. Individual market adjustments will be made according to each eligible unit member’s equiproportional share of the pool based on the amount of the individual unit member’s negative residual in FY16, as calculated after across the board adjustments have been applied for each of those fiscal years. No distributions will be made in excess of a unit member’s full residual; nor will distributions be made if the amount of the residual is less than one percent (1.0%) of their nine-month base salary. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2016.
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Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Any market increases to eligible UNAC members will be effective the first full pay period after July 1, 2018. There shall be no market increases for FY18. The University may distribute market increase in FY19 and FY20. If funds are made available, a joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU. The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding. Individual market adjustments will be made according to each eligible UNAC member’s equiproportional share of the pool based on the amount of the individual UNAC member’s negative residual in FY19 and FY20. No distributions will be made in excess of a UNAC member’s full residual; nor will distributions be made if the amount of the residual is less than one percent (1.0%) of their nine-month base salary. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2019.
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Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. To this end, based on a market salary analysis conducted by the University and United Academics, the University shall distribute two percent (2%) in each year of the contract to unit members whose salaries are under external market targets or need to be adjusted due to internal misalignments. These percentage amounts will be calculated on the total base payroll of unit members as of March 1, 2004, 2005 and 2006, and will be applied to base nine (9) month salaries effective the first full pay period after July 1 of 2004, 2005 and 2006. A joint Union and University committee shall be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three (3) participants to serve on this committee. The salary analysis will include the factors of rank, time in rank and discipline. The salary analysis shall be conducted using data from the “Oklahoma State Faculty Survey.” Individual market adjustments will be made according to each eligible unit member’s equiproportional share of the pool amount of the individual unit member’s negative residual in each year of the contract. No distributions will be made in excess of a unit member’s full residual; nor will distributions be made if the amount of the residual is less than one hundred dollars ($100). The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2006.
Sample 1
Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Any market increases to eligible bargaining unit members will be effective the first full pay period after the beginning of the specified fiscal year. The University may distribute market increases in FY23, FY24, and FY25, if funds are made available and funded by the State. If funds are made available and are appropriated and funded by the State, a joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and recommend the distribution methodology of the calculated pool. The Union and the University may each select up to three (3) participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU, program, and position. The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding for consideration and approval by the University of Alaska President. There shall be no increases under this provision after December 31, 2024.
Sample 1
Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market increases will be effective the first full pay period after July 1, 20122016. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. There shall be no market increases for FY12FY15 or FY16. In FY13 FY16 and FY14FY17, the market increase pool will be calculated on the total base payroll of unit members as of March 1, 2012 2015 and 2013 2016 and will be applied to base nine (9) month salaries effective the first full pay period after July 1 of 2012 2015 and 2016.
Sample 1
Market Increases. Any market adj ustme,nt increase will be provided to all employees the first full pay period of July as described in Article 3.1 above.
Sample 1

Related to Market Increases

  • 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.

  • Step Increases No increase in salary shall be automatic merely upon completion of a specified period of service. All increases shall be based on merit as established by the record of the employee's performance and shall require recommendation of the Department Head. If the City Manager at any time determines that it is in the City's interest, he may assign an employee to a higher rate within the salary range fixed for the classification. The City Manager shall regulate the accelerated advancement through the salary range steps. Subject to the provisions of this Section 12.3, an employee shall receive increases in salary according to the following plan:

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • 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.

  • 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”).

  • Pay Increases a) The pay rates prescribed under Clause 2 above will be increased by the amount of the increase as handed down by the Australian Fair Pay Commission each year during the term of this agreement.

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