Minimum Wage Adjustments Sample Clauses

Minimum Wage Adjustments. For wage scales that are affected by future minimum wage increases the parties agree that the start rate in the affected scale will be increased by an amount required to place that rate twenty-five (25¢) cents above the minimum wage. The wage scales above the affected start rate will also be increased so as to create a ten (10¢) cent spread with the rate immediately below that rate. These adjustments will continue up the scale until such time as the contract scale is higher than the adjusted scale.
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Minimum Wage Adjustments. If at any point wage rates for bargaining unit employees fall below the State of Oregon minimum wage rates, then the Parties will engage in impact bargaining over the matter.
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Minimum Wage Adjustments. The Staff Position Hourly Rates and Tutoring Hourly Rates may be adjusted due to changes in the minimum wage rates by written amendment to this Master Contract executed by the Parties. Contractor shall notify FCSS in writing of any requests for adjustment due to changes in the minimum wage rates, stating, at a minimum, the particular changes to the minimum wage rates, proposed changes to the Staff Position Hourly Rates for the Staff Positions, proposed changes to the Tutoring Hourly Rates for the Tutor Staff Positions, and the proposed effective date of the adjustments.
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Minimum Wage Adjustments. The City will make adjustments to any salary range(s) to be maintained at least the higher of the State or Federal minimum wage. Any salary range that is adjusted in such manner shall also have the corresponding salary steps in the range adjusted to maintain the same percentage difference between the salary steps in the range. The State minimum wage is currently scheduled to increase on January 1st of each of the following years: a. 2017 $10.50 b. 2018 $11.00 c. 2019 $12.00
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Minimum Wage Adjustments. The parties agree that where the State Wage Case dollar increase as applied to the award wage rate, is greater than the dollar increase granted under the certified agreement, the employee’s wages will be varied to incorporate the difference from the operative date of the State Wage Case.
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Minimum Wage Adjustments. If during the life of this Agreement any step on the wage scale falls below the relevant statutory minimum wage, caregivers will move to the minimum wage until such time as their step is above the minimum wage. The Employer and Union will meet and discuss when caregivers are increased to the minimum wage. ARTICLE 9: PAID TIME OFF The Employer provides eligible employees with paid time off for various reasons including vacation, holidays, personal time and illness. Vacation, holiday and personal time hours are accrued as PTO (Paid Time Off) hours. Through December 31, 2019, full-time and part-time employees are eligible to accrue PTO hours based on their regular straight-time hours worked each pay period up to a maximum of 40 hours per week and 2080 hours per year. Length of Service PTO Days Accrual per Year (based on 8 hr shift) PTO Hours Accrual per Year PTO Hours Per Pay Period Accruals Maximum PTO Hours Accrual per Calendar Year 0 - 3.99 24 192 7.3846 288.00 4 - 8.99 29 232 8.9231 348.00 9+ 34 272 10.4615 408.00 Starting the first full pay period following December 31, 2019, full-time and part-time employees are eligible to accrue PTO and PTO Safe-Sick based on their regular straight- time hours worked each pay period, up to a maximum of 40 hours per week and 2080 hours per year. PTO and PTO Safe-Sick will be earned in accordance with the chart below: PTO Hours Per Year PTO Hours Per Pay Period Maximum PTO Hours Accrual/Year Length of Service PTO Days Accrual per Year (based on 8 hr shift) PTO Hours Annual Accrual PTO Safe- Sick Annual Accrual Total of PTO and PTO Safe- Sick PTO Hours Accrual per Pay Period PTO Safe-Sick Accrual per Pay Period Total Hours Accrual per Pay Period PTO Maximum Annual Hours Accrual PTO Safe- Sick Maximum Annual Hours Accrual Total Annual Hours Accrual Less than 3 25 131 69 200 5.04 2.65 7.69 192 108 300 3 to less than 5 28 155 69 224 5.97 2.65 8.62 228 108 336 5 to less than 10 30 171 69 240 6.58 2.65 9.23 252 108 360 10 to lessthan 15 33 195 69 264 7.52 2.65 10.17 288 108 396 15 ormore 35 211 69 280 8.12 2.65 10.77 312 108 420 *Amounts pro-rated if worked less than 1.0 FTE **Pursuant to state law, PTO-Safe Sick accruals are not capped. PTO-Safe Sick continues to accrue throughout the year. However, no more than 108 hours of PTO-Safe Sick may be carried over to the following calendar year.
Sample 1
Minimum Wage Adjustments. If during the life of this Agreement any step on the wage scale falls below the relevant statutory minimum wage, caregivers will move to the minimum wage until such time as their step is above the minimum wage. The Employer and Union will meet and discuss when caregivers are increased to the minimum wage.
Sample 1
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Related to Minimum Wage Adjustments

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Minimum Adjustment The adjustments required by the preceding sections of this Article IV shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Article IV and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. In computing adjustments under this Article IV, fractional interests in Common Stock shall be taken into account to the nearest one-hundredth of a share.

  • Workplace adjustment An employer wishing to employ a person under the provisions of this clause shall take reasonable steps to make changes in the workplace to enhance the employee’s capacity to do the job. Changes may involve re-design of job duties, working time arrangements and work organisation in consultation with other employees in the area.

  • General Wage Increases Effective and retroactive to July 1, 2021, the annual base salary shall be increased by 2.5% for all active employees. 2.5% shall be extended and retroactive to employees who retired and terminated/separated in good standing with 10 years or more of state service on or after 07/01/2021. Effective 07/01/2022 the annual base salary shall be increased by 2.5% for all active employees. Effective 07/01/2023 the annual base salary shall be increased by 2.5% for all active employees. **Wage reopener for 2024 – 2025 (for effective date July 1, 2024).

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • 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:

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • 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.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

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