Merit Review Date Sample Clauses

Merit Review Date. If an employee is promoted or demoted to a new position that results in a salary increase or decrease of five percent (5%) or more, then a new anniversary date for current position will be established.
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Merit Review Date. An employee’s merit review date is the first day of the pay period following the date of hire, except that those employees hired on the first day of the pay period shall have their date of hire as their merit review date. If an employee is promoted to a new promotional position (Sergeant or above) which results in a salary increase of five percent (5.0%) or more, then a new merit review date will be established for that employee on the same basis as shown above for new employees. The date used to establish the merit review date is known as the anniversary date. All changes in salary shall be effective at the beginning of the pay period.
Merit Review Date. An employee’s merit review date is the first day of the pay period following the date of hire, except that those employees hired on the first day of the pay period shall have their date of hire as their merit review date. If an employee is promoted to a new position which results in a salary increase of five percent (5%) or more, then a new merit review date will be established for that employee on the same basis as shown above for new employees. If an employee accepts a position or is demoted to a position that results in a salary decrease of five percent (5%) or more, a new merit review date will be established on the same basis as shown above for new employees. The advancement of an employee from a new hire “trainee” status to regular employee shall not be considered a promotion and will not establish a new merit review date. The date used to establish the merit review date is known as the anniversary date. All changes in salary shall be effective at the beginning of the next scheduled pay period.
Merit Review Date. An employee’s merit review date is the first day of the pay period following the date of hire, except that those employees hired on the first day of the pay period shall have their date of hire as their merit review date. If an employee is promoted to a new position which results in a salary increase of five percent (5%) or more, then a new merit review date will be established for that employee on the same basis as shown above for new employees. The advancement of an employee from a new hire “trainee” status to regular employee shall not be considered a promotion and will not establish a new merit review date. The date used to establish the merit review date is known as the anniversary date. All changes in salary shall be effective at the beginning of the next scheduled pay period.

Related to Merit Review Date

  • Contract Review Agent shall have reviewed all material contracts of Borrowers including, without limitation, leases, union contracts, labor contracts, vendor supply contracts, license agreements and distributorship agreements and such contracts and agreements shall be satisfactory in all respects to Agent;

  • Rent Review 3.1 If the reference base used to compile the Index shall change after today’s date the figure taken to be shown in the Index after the change shall be the figure which would have been shown in the Index if the reference base current at today’s date had been retained 3.2 If it becomes impossible by reason of any change after today’s date in the methods used to compile the Index or for any other reason whatever to calculate the revised Rent by reference to the Index or if any dispute or question whatever shall arise between the parties with respect to the amount of the revised Rent or the determination of the revised Rent such matter shall at the option of the Landlord be determined by an independent valuer to be appointed either by agreement between the parties or in the absence of agreement by the President for the time being of the Royal Institution of Chartered Surveyors (or his duly appointed deputy or any person authorised by him to make appointments on his behalf) on the application of either party who shall have full power to determine on such dates as he shall deem apposite what would have been the increase in the Index had it continued on the same basis and in view of the information assumed to be available for the operation of this rent review or (if that determination shall also be impossible) shall determine a reasonable revised Rent for the Property on such dates having regard to the purposes and intent of the provisions in this Lease for the review of the Rent 4 The Landlord shall give written notice to the Tenant of the amount of the revised Rent and thereafter memoranda (in such form as the Landlord shall reasonably require) recording the amount of the revised Rent shall be signed by or on behalf of the Landlord and the Tenant and annexed to this Lease and the Counterpart thereof and the parties shall bear their own costs of this procedure 5 If the new Rent payable on and from any Review Date has not been agreed by that Review Date Rent shall thereafter be payable at the rate in force immediately before the Review Date and forthwith upon the revised Rent being ascertained the Tenant shall pay to the Landlord an amount representing the difference (“the Shortfall”) between:- 5.1 the amount of the yearly Rent which would have been payable for the period from that Review Date until the next payment date following the date of ascertainment if the revised Rent had been ascertained at that Review Date and 5.2 together with interest at the rate of 2% below the Interest Rate on the Shortfall calculated on a day to day basis upon those parts of the Shortfall which would have been payable if the revised Rent had been ascertained at that Review Date

  • Periodic Review The General Counsel shall periodically review the Procurement Integrity Procedures with OSC personnel in order to ascertain potential areas of exposure to improper influence and to adopt desirable revisions for more effective avoidance of improper influences.

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