Market Salary Adjustment Sample Clauses

Market Salary Adjustment. For fiscal year 2006/2007 there shall be a .324% Market Salary Adjustments to the minimum and maximum of the salary ranges and individual salary rates which shall be distributed among classifications as determined by CSUEU and shall be effective with the August 2006 pay period.
Market Salary Adjustment. Any salary range that was five percent (5%) or more below the 80th percentile in the 2025 Total Compensation Survey, shall receive a market salary adjustment of ½ the excess beyond five percent (5%). For example, if the Police Officer classification is 6.78% below the 80th percentile, the Police Officer salary range shall be increased by 0.89% (i.e., (6.78–5)/2 = 0.89%).
Market Salary Adjustment a. Any salary range that was five percent (5%) or more below the 80th percentile in the 2025 Total Compensation Survey, shall receive a market salary adjustment of ½ the excess beyond five percent (5%), plus the July 2025 GSI in Paragraph (1), above. For example, if the Police Lieutenant classification is 6.78% below the 80th percentile, the Police Lieutenant salary range shall be increased by 0.89% (i.e., (6.78–5)/2 = 0.89%). DocuSign Envelope ID: 58B9320E-1B46-460D-B131-DBFD0A458692 b. However, if the 2025 Total Compensation Survey performed pursuant to Section V.8 results in a Market Salary Adjustment which is less than the Market Salary Adjustment provided to the Police Sergeant classification in July 2026, the Lieutenant classification shall receive the same Market Salary Adjustment as the Sergeant.
Market Salary Adjustment a. Any salary range that was five percent (5%) or more below the 80th percentile in the 2025 Total Compensation Survey, shall receive a market salary adjustment of ½ the excess beyond five percent (5%), plus the July 2025 GSI in Paragraph (1), above. For example, if the Police Lieutenant classification is 6.78% below the 80th percentile, the Police Lieutenant salary range shall be increased by 0.89% (i.e., (6.78–5)/2 = 0.89%). DocuSign Envelope ID: 58B9320E-1B46-460D-B131-DBFD0A458692 b. However, if the 2025 Total Compensation Survey performed pursuant to Section V.8 results in a Market Salary Adjustment which is less than the Market Salary Adjustment provided to the Police Sergeant classification in July 2025, the Lieutenant classification shall receive the same Market Salary Adjustment as the Sergeant. For Example, if the Police Lieutenant classification is 5.4% below the 80th percentile and the Police Sergeant classification is 6.78% below the 80th percentile, Police Lieutenant salary range shall be increased by the 0.89% Market Salary Adjustment established by the Police Sergeant survey, rather than the 0.2% Market Salary Adjustment established by the Police Lieutenant Survey.
Market Salary AdjustmentThe University shall provide all eligible employees in the pay plan a market salary adjustment to the employee’s base salary. Eligible employees are those who have served continuously at USF since at least August 7, 1999, whose past five annual evaluations up through 2008 or 2008/2009 were each at least an overall “Strong” (at least 4.0 on a 5-point numerical rating scale) and whose June 30, 2009 base salary is less than 85% of the in-unit employee’s current national market salary as determined by the Carnegie RU/VH Average Discipline Classification data of the 2008-2009 OSU Faculty Salary Survey by Discipline, current ARL or other current relevant national market salary data. This market salary adjustment shall be the lesser of $500 or the amount required to bring the employee’s salary up to 85% of the employee’s current national market salary.

Related to Market Salary Adjustment

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS Appointments to positions in the City and County service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • 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.

  • CPI Adjustment If the CPI Percentage Increase (as defined below) is more than [***] for the relevant Adjustment Period, then the Rent payable during that Adjustment Period shall be adjusted upward by a percentage equal to the CPI Percentage Increase (as defined below) applicable to such Adjustment Period, but not to exceed an adjustment during any Adjustment Period of greater than [***]. The term “Consumer Price Index” shall mean the unadjusted Consumer Price Index for All Urban Workers, U.S. City Average, All Items, 1982-84=100, calculated and published by the United States Department of Labor, Bureau of Labor Statistics. The “CPI Percentage Increase” shall mean, with respect to any Adjustment Period, [***]. For the avoidance of doubt, no CPI Adjustment shall be made to any payment due under this Ground Lease for any Adjustment Period if the result of such CPI Adjustment would be to (a) reduce the amount of such payment to an amount that is less than the amount of such payment due for the immediately preceding Adjustment Period or (b) to raise the amount of such payment to an amount that is greater than [***]. For illustrative purposes only, [***]. The CPI Percentage Increase for any Adjustment Period shall be calculated by the Tenant, and the Tenant shall deliver written notice to the Landlord describing such calculation in reasonable detail (a “CPI Notice”) no later than thirty (30) days after the commencement of any Adjustment Period. If the Landlord disagrees with the Tenant’s calculation of the CPI Percentage Increase, then the Landlord shall deliver to the Tenant written notice, describing the basis for such disagreement in reasonable detail (a “CPI Disagreement Notice”), not later than thirty (30) days after delivery of the CPI Notice. If the Landlord fails to deliver a CPI Disagreement Notice within thirty (30) days after delivery of any CPI Notice, then the Landlord shall be conclusively deemed to have agreed with the calculation of the CPI Percentage Increase set forth in such CPI Notice.

  • 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 BOR President, 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.

  • Market Adjustments 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.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following: