Merit-Based Salary Increases Sample Clauses

Merit-Based Salary Increases. 1. Effective August 16, 2019, bargaining unit members shall participate in a 2% merit-based salary program or the FY 2020 campus-wide general salary program as may be announced by the Chancellor and Xxxxxxx in the campus “FY 2020 Budget Guidelines” (in the event a general salary program is implemented), whichever is greater. The employees who receive a merit-based increase shall receive a minimum increase of one percent (1%). In the event an employee does not receive a merit-based increase, upon request, the unit will provide the rationale to the individual. 2. Effective August 16, 2020, bargaining unit members shall participate in a 2% merit-based salary program or the FY 2021 campus-wide general salary program as may be announced by the Chancellor and Xxxxxxx in the campus “FY 2021 Budget Guidelines” (in the event a general salary program is implemented), whichever is greater. The employees who receive a merit-based increase shall receive a minimum increase of one percent (1%). In the event an employee does not receive a merit-based increase, upon request, the unit will provide the rationale to the individual. Effective August 16, 2020, bargaining unit members will be eligible to participate in a general compression, market, equity, retention (CMER) program equal to one-half percent (0.5%) of the bargaining unit salary base. Allocation of CMER adjustments will be determined in the sole discretion of the xxxx following consultation with department heads. However, the parties recognize that the entire one-half percent (0.5%) shall be allocated. 3. Effective August 16, 2021, bargaining unit members shall participate in a 2% merit-based salary program or the FY 2022 campus-wide general salary program as may be announced by the Chancellor and Xxxxxxx in the campus “FY 2022 Budget Guidelines” (in the event a general salary program is implemented), whichever is greater. The employees who receive a merit-based increase shall receive a minimum increase of one percent (1%). In the event an employee does not receive a merit-based increase, upon request, the unit will provide the rationale to the individual. Effective August 16, 2021, bargaining unit members will be eligible to participate in a general compression, market, equity, retention (CMER) program equal to one-half percent (0.5%) of the bargaining unit salary base. Allocation of CMER adjustments will be determined in the sole discretion of the xxxx following consultation with department heads. However, the p...
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Merit-Based Salary Increases a. Effective August 16, 2012, the University will implement a salary increase program of 2,0% on the basis of merit and units are authorized to provide market/equity adjustments up to an additional 0.5% for bargaining unit members equivalent to and as provided in the F Y 2013 campus-wide general salary program as announced in the campus "F Y 2013 Budget and Salary Guidelines"; provided, however, each bargaining unit member will receive no less than a 1% adjustment. As set forth above and subject to the other terms of this Article, the sum of the total available amount under this paragraph (a) is 2.5%.
Sample 1
Merit-Based Salary Increases a. Effective August 16, 2012, the University wil l implement a salary increase program of 2.0% on the basis of merit and units are authorized to provide market/equity adjustments up to an additional 0.5% for bargaining unit members equivalent to and as provided in the F Y 2013 campus-wide general salary program as announced in the campus "F Y 2013 Budget and Salary Guidelines"; provided, however, each bargaining unit member wil l receive no less than a 1% adjustment. A s set forth above and subject to the other terms of this Article, the sum of the total available amount under this paragraph (a) is 2.5%. b. Effective August 16, 2013, the University wil l implement a salary increase program of 2.75% on the basis of merit with the minimum of 0.5% for satisfactory performance, and units are authorized to provide market/equity adjustments up to an additional 0.5% for bargaining unit members equivalent to and as provided in the F Y 2014 campus-wide general salary program as announced in the campus "F Y 2014 Budget and Salary Guidelines"; provided, however, each bargaining unit member wil l receive no less than a 1% adjustment. Effective August 16, 2013, for the 2013-14 year only, each applicable college wil l be allocated 1% of the non-tenure system faculty salary base for pay adjustments which may be awarded to individual faculty to address compression/equity/market/retention ("CEMR" ) issues. Allocation of CEM R adjustments wil l be determined in the sole discretion of the xxxx following consultation with department heads. A s set forth above and subject to the other terms of this Article, the sum of the total available amount under this paragraph (b) is 4.25%. c. Effective August 16, 2014, the University wil l implement a salary increase program for bargaining unit members equivalent to the F Y 2015 campus-wide general salary program as announced by the Chancellor and Xxxxxxx for that academic year. Effective August 16, 2014, for the 2014-15 year only, each applicable college wil l be allocated 1% of the non-tenure system faculty salary base for pay adjustments which may be awarded to individual faculty to address compression/equity/market/retention ("CEMR" ) issues. Allocation of CEM R adjustments wil l be determined in the sole discretion of the xxxx following consultation with department heads. d. Salaries of individual members of the bargaining unit as adjusted by application of the terms of paragraphs a, b, and c, above, shall be established in accordan...
Sample 1
Merit-Based Salary Increases a. Effective August 16, 2015, the University will implement a salary increase program on the basis of merit equivalent to the FY 2016 campus-wide general salary program as may be announced by the Chancellor and Xxxxxxx in the campus “FY 2016 Budget and Salary Guidelines” (in the event a general salary program is implemented). Effective August 16, 2015, for the 2015-16 year, each applicable college will be allocated 1% of the non-tenure system faculty salary base for pay adjustments which must be awarded to individual faculty to address compression/equity/market/retention (“CEMR”) issues. Allocation of CEMR adjustments will be determined in the sole discretion of the xxxx following consultation with department heads.
Sample 1

Related to Merit-Based Salary Increases

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increase Effective December 1, 2015, salary rates shall be increased by 2.25%.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

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