Merit Adjustment Sample Clauses

Merit Adjustment. CITY may increase CITY CLERK's compensation in such amounts and to such extent as the City Council may determine is desirable on the basis of any salary review of CITY CLERK.
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Merit Adjustment. Each classification represented by Local 21 will be eligible for a merit review one (1) year after the date of his/her original appointment and annually thereafter until the top step of the range is reached. Based upon review of each employee’s duties and performance, the appointing authority or designee may authorize an advancement to the next higher step in the salary range, or deny the adjustment with or without one (1) additional review at some specified date before the next anniversary. Merit increase will be awarded for satisfactory performance and there shall be no limit to the number of employees receiving a merit increment in any given year. The decision to approve or deny the employee’s merit adjustment will be supported by a written evaluation of the member's performance. Performance evaluations will be completed by the appropriate Supervisor, and will be subject to review and approval by the appointing authority's designee. No salary adjustment shall be made unless a recommendation to do so is made by the appointing authority, or designee, and no provision of this section shall be construed to make the adjustment of salaries mandatory on the County.
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Merit Adjustment. 1. Employees will be eligible for consideration for a merit adjustment within their salary ranges upon: a. Successful completion of a probationary period for probationary employees or successful completion of a qualifying period for promoted permanent employees. Employees successfully completing their probationary period shall be eligible to receive a 2.9% percent merit adjustment; and b. Each anniversary date of his/her employment in such class annually thereafter until the top of the salary range is reached in that class. The anniversary date is normally considered to be that date an employee commences work in that classification to which he/she has been most recently appointed. In the event of an early merit adjustment, the employee’s anniversary date will be changed to the effective date of the salary adjustment. c. For the period of July 1. 2021 through June 30, 2022 there will be a 0% merit increase. 2. For the purpose of determining eligibility for annual merit adjustments, employees shall meet expected performance standards as described in Section 3. Upon meeting such requirements, employees shall then be eligible for a merit adjustment. Employees shall receive their annual merit adjustment unless the RTC can show reason for denial of the merit adjustment through a documented performance evaluation. In addition, such reason shall include a suspension for substance abuse. An employee must receive an interim evaluation if they are to be denied a merit adjustment. An employee shall be informed in writing of the specific reason(s) for the denial of a merit adjustment. In the event an employee has not been advised that he/she is to be denied a merit adjustment within forty-five days from the date he/she is eligible for such adjustment, that employee shall automatically receive an adjustment retroactive to his/her respective review date. If management believes an employee’s performance is non-proficient in two (2) or more Performance factors, he/she will receive written notification with supporting documentation in order to allow the employee an opportunity to improve their performance. This evaluation shall take place at least four (4) months prior to the employee’s anniversary date. 3. Employees shall receive merit adjustments based on the following prescribed levels of performance: a. Proficient (P): Performance Meets Standards. Receives a 2.9% percent merit adjustment. b. Non-Proficient (NP): Performance Fails to Meet Standards. Receives a zero (0%) ...
Sample 1
Merit Adjustment. Employees with successful or equivalent or higher ratings are eligible to receive a merit increase determined by Human Resources based on the overall merit pool established by City Council. The established merit pool establishes the budget that can be spent towards merit. Any merit adjustments are added to the base pay, but cannot exceed the maximum of the range. Any additional amount in merit, is provided in the form of a lump sum and shall not affect the employee's base pay or fringe benefits.
Sample 1
Merit Adjustment. Each Exempt Medical Staff Member shall be eligible for a merit review one year after the date of his/her original appointment and annually thereafter until the top step of the range is reached. Based upon review of each Exempt Medical Staff Member's duties and performance, the appointing authority or designee may authorize an advancement to the next higher step in the salary range, or deny the adjustment with or without one additional review at some specified date before the next anniversary. Merit increase shall be awarded for satisfactory performance and there shall be no limit to the number of employees receiving a merit increment in any given year. The decision to approve or deny the Exempt Medical Staff Member's merit adjustment will be supported by a written evaluation of the member's performance. Performance evaluations will be completed by the appropriate Department Head, who may confer with other medical staff members and will be subject to review and approval by the appointing authority's designee. The written performance evaluation system will be implemented within six (6) months of the adoption of this MOU. No salary adjustment shall be made unless a recommendation to do so is made by the appointing authority, or designee, and no provision of this section shall be construed to make the adjustment of salaries mandatory on the County.
Sample 1
Merit Adjustment. Each classification represented by Local 21 will be eligible for a merit review one (1) year after the date of his/her original appointment and annually thereafter until the top step of the range is reached. Based upon review of each employee’s duties and performance, the appointing authority or designee may authorize an advancement to the next higher step in the salary range, or deny the adjustment with or without one (1) additional review at some specified date before the next anniversary. Merit increase will be awarded for satisfactory performance and there shall be no limit to the number of employees receiving a merit increment in any given year. The decision to approve or deny the employee’s merit adjustment will be supported by a written evaluation of the member's performance. Performance evaluations will be completed by the appropriate Supervisor, and will be subject to review and approval by
Sample 1
Merit Adjustment. A Merit Adjustment may be awarded for outstanding performance of a Member's responsibilities including: teaching, research or other scholarly activities, or academic, professional or University community Considerationfor a Merit Adjustment may be initiated by the Member, Chair or Librarian, as appropriate. The assessment of a Member's performance shall be based on accomplishments since the Member last received a Merit Adjustment, or since appointment at the University. Members holding Provisional, Candidacy, Tenured and Continuing Appointmentsare eligible for Merit Adjustments. The pool of money available for MeritAdjustments shall be equal to times the number of eligible Members in the Bargaining Unit as of July of the year in which the Merit Adjustment is made. Merit Adjustment decisions will be made by the Vice- president: Academic upon the recommendation of the or the University Librarian in accordance with and The number of Merit Adjustments shall be determined and distributed on the following basis: each academic unit shall be assigned two Merit Adjustments (the academic units are the Faculties of Arts, Music, School of Business and Economics, Science, Social Work, and the Library; for the purposes of Merit Adjustments, Faculty Members at shall be treated as Members of the Faculty of Arts and the Xxxx of shalt make merit recommendations to the Xxxx of Arts and the Vice-president: Academic; the Faculty of Arts (including the Faculty of Science, and the School of Business and Economics shall each receive additional Merit Adjustments equivalent to (rounded up) of the eligible Members in each of these academic units: when the number of full-time faculty members at the campus equalsthe number of faculty members in the Faculty of Music, the Campus shall be treated as a separate academic unit, and shall be assigned two Merit Adjustments; each Librarian shall make recommendations to the Vice-president: Academic for Merit Adjustments in academic unit; in addition the Vice-president:Academic shall have six (6) Merit Adjustments to be awarded following the report of the Librarian under above; at least three (3) of these Merit Adjustments shall be awarded for outstanding contributions in teaching and/or service. The value of a Merit Adjustment shall be the pool of money available under divided by the number of Merit Adjustments under Any Merit Adjustment shall be added to a Member’s Reference Salary. By September of the academic year, and before any merit assess...
Sample 1
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Related to Merit Adjustment

  • CPI Adjustment At the end of the first Lease year (as hereinafter defined) and every Lease year thereafter (including any renewal periods) the Base Rental provided for in Paragraph 3 above shall be adjusted by adding to Base Rental the "Add-on Factor". The one (1) year periods are each hereinafter referred to as an "Adjustment Period". As used herein, the "Add- on Factor" shall mean the "Add-on Sum" minus "Net Base Rental"; "Add-on Sum" shall mean a sum determined by multiplying the "Net Base Rental" by the "Adjustment Factor"; "Net Base Rental" shall mean the Base Rental described above minus Initial Basic Cost, and "Adjustment Factor" shall mean a fraction, the numerator of which is the "CPI" published immediately preceding the applicable anniversary date and the denominator of which is the "CPI" published immediately preceding the commencement date of the term of this Lease. "CPI" shall mean the United States Average (1982-84 '" 100), as published bi-monthly (or if the same shall no longer be published bi-monthly, on the most frequent basis available) by the Bureau of Labor Statistics, U.S. Department of Labor (but if such is subject to adjustment later, the later adjusted index shall be used). The Adjusted Rental shall be the new Base Rental of the Premises effective as of the first day of the applicable Adjustment Period. Notwithstanding the foregoing calculation, the yearly percentage rent adjustment pursuant to this Paragraph 9 shall in no event be less than FIVE percent (5%) per year. Tenant shall continue payment of the Base Rental in effect for the expiring Adjustment Period until notified by Landlord of any increase in such Base Rental. Such notification shall include a memorandum showing the calculations used by Landlord in determining the new Base Rental. On the first day of the calendar month immediately succeeding receipt of such notice, Tenant shall commence payment of the new Base Rental spedfied in the notice, and shall also pay to Landlord with respect to the month(s) already expired, the excess of the required monthly rentals spedfied in the notice over the monthly amounts actually paid by Tenant.

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

  • 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.

  • Tax Adjustment Tenant shall pay, as Additional Charges, an amount (hereinafter referred to as the “Tax Adjustment Amount”) equal to Tenant’s Expense Share of the amount of Taxes incurred with respect to each Lease Year; except that Tenant shall be required to pay only a pro rata amount of the Tax Adjustment Amount for the Lease Years in which the first and last days of the Term occur pro rated on a per diem basis. Tenant shall not, however, have any right to audit Landlord’s books and records pertaining to Taxes. The Tax Adjustment Amount with respect to each Lease Year shall be paid in monthly installments in advance on the first day of each and every calendar month during such Lease Year, commencing on the Commencement Date, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. Following receipt of actual tax bills, Landlord shall deliver to Tenant a statement setting forth (i) the actual Tax Adjustment Amount for such Lease Year; (ii) the total of the estimated monthly installments of the Tax Adjustment Amount paid to Landlord for such Lease Year; and (iii) the amount of any excess or deficiency with respect to such Lease Year. Tenant shall pay any deficiency to Landlord as shown by such statement within 30 days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Lease Year exceeds the actual Tax Adjustment Amount due from Tenant for such Lease Year, at Landlord’s option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.

  • 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.

  • 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 amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Proportional Adjustment In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • 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:

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