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.
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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%).
Sample 1
Market Salary Adjustment. The 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.
Sample 1
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.
Sample 1
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.
Sample 1

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 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.

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