Common use of Pay Increment Date Clause in Contracts

Pay Increment Date. On conversion, the employee will retain the pre-conversion increment date (anniversary date) unless the employee receives an increase on conversion equal to or greater than the amount that would have been received on promotion. In this instance, the new increment date shall be the date of conversion. When an employee’s pre-conversion increment date is the same date as the date of the conversion, the increment shall be applied to the employee’s salary prior to conversion taking place.

Pay Increment Date. On conversion, the employee will retain the pre-conversion increment date (anniversary date) unless the employee receives an increase on conversion equal to or greater than the amount that would have been received on promotion. In this instance, the new increment date shall be established from the date of conversion. When an employee’s pre-conversion increment date is the same date as the date of the conversion, the increment shall be applied to the employee’s salary prior to conversion taking place.

Pay Increment Date. On conversion, the employee will retain retains the pre-conversion increment date (anniversary date) applicable unless the employee receives an increase on conversion equal to or greater than the amount that which would have been received on promotion. In this instance, the a new increment date shall be established from the date of conversion. When an employee’s pre-conversion increment date is the same date as the date of the conversion, the increment shall be applied to the employee’s salary prior to conversion taking place.

Pay Increment Date. On conversion, the employee will retain the pre-conversion increment date (anniversary date) unless the employee receives an increase on conversion equal to or greater than the amount that would have been received on promotion. In this instance, the new increment date shall be established from the date of conversion. When an employee’s pre-conversion increment date is the same date as the date of the conversion, the increment shall be applied to the employee’s salary prior to conversion taking place.