Common use of Pay Increment Period Clause in Contracts

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. 36.09 - 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 Date