Pay Increment Period Clause Samples
The Pay Increment Period clause defines the specific intervals at which an employee’s salary or wage is reviewed and potentially increased. Typically, this period might be set annually, semi-annually, or according to another regular schedule, and it applies to eligible employees as outlined in the employment agreement or company policy. By establishing a clear timeline for pay reviews, this clause ensures transparency and predictability in compensation adjustments, helping both employers and employees plan for future financial expectations.
Pay Increment Period. The pay increment period for an employee is twelve (12) months. Employees shall be entitled, on their increment date, to receive an incremental increase of four percent (4%), or such percentage, increase as would bring the employee’s salary to the maximum of his salary band, whichever is the lesser.
Pay Increment Period. A) Regular Employees
Pay Increment Period. A) Regular Employees
a) The pay increment period for employees is twelve (12) months.
b) A pay increment shall be to the next higher rate in the scale of rates.
Pay Increment Period. 28.10 - Employees shall be entitled, on their increment date, to receive an incremental increase of four percent (4%), or such percentage increase as would bring the employee’s salary to the maximum of his salary band, whichever is the lesser.
Pay Increment Period. Full-Time Employees
(a) The pay increment period for employees at Levels to to and NU-CON-1 i s twelve (12) months. The pay increment period for employees at Levels and six months. A pay increment shall be to the next higher rate i n the scale of rates.