Minimum Increases Clause Samples
The Minimum Increases clause sets a baseline for how much certain amounts, such as rent, fees, or payments, must increase over specified periods. In practice, this means that even if market conditions would suggest a smaller adjustment or no increase at all, the contractually agreed minimum will still apply, ensuring a predictable upward adjustment. This clause primarily serves to protect the party receiving payments from stagnation or decline in value, guaranteeing a steady escalation and reducing the risk of underperformance due to market fluctuations.
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Minimum Increases. The request for an increase shall be in a minimum amount of $10,000,000 or such lessor amount as necessary to increase the Revolving Credit Commitments to $100,000,000.
Minimum Increases. The request for an increase shall be in a minimum amount of $10,000,000.
Minimum Increases. No person covered by this agreement shall receive an increase less than set out below:
$1. 20 on June 1, 2023 $1.10 on June 1, 2024
Minimum Increases. Effective upon the approval, pursuant to Section 1.4.5 of an Approved Product principally designed for a language listed on Exhibit B, the minimum royalty hereunder for that Approved Product's category may be increased or decreased based on the parties' respective expenses incurred in producing such version, as is mutually agreed.
Minimum Increases. Employees employed effective with the start of the 8 first full pay period commencing on or after October 1, 2016 2017, shall receive an increase of 9 two and one half three percent (2.50%3%) across the board for all members covered by this 10 Agreement.
Minimum Increases. Effective the first full pay period on or after October 7 1, 2015, all members covered by this Agreement assigned to the Pay Plan for this 8 Bargaining Unit (Attachment A), will receive a three percent (3%) increase to their base 9 rate of pay. Effective October 1, 2017, upon ratification of this agreement, all members 10 assigned to this Bargaining Unit will receive a three percent (3%) increase in their base 11 rate of paycost of living adjustment and it is understood that this will be retroactive back 12 to October 1st, 2017. Upon ratification, any retroactive wages due a bargaining unit 13 member shall be included in the first full pay period on or after ratification of this 14 agreement occurs. Effective October 1st, 2018 (Fiscal Year 2019), all members assigned 15 to this Bargaining Unit will receive a three percent (3%) increase to their base rate of 16 paycost of living adjustment. , and iIf any other certified bargaining unit receives greater 17 gets higher than a three percent (3%) increase in Fiscal Year 2019 in their base rate of pay 18 based upon the lowest across the board increase received on average, the members assigned 19 to this Bargaining Unit will get the samereceive an equivalent percentage raiseincrease as 20 that group. This expressly excludes the impact of classification changes and lump sum 21 wage increases on other certified bargaining units, and shall expire September 30, 2019. 22 This provision expires upon this agreement being termed out without the application of 23 status quo. Furthermore, the parties understand that this term is not designed to cherry pick 24 or otherwise utilize a limited number of members within any other bargaining unit under 25 Alachua County to determine “same percentage raise as that group.”