Percentage Increases Sample Clauses

Percentage Increases a. Effective July 1, 2018, 1.75% increase is included in the salary schedules as shown in Appendix A. b. Effective July 1, 2019, 1.25% increase is included in the salary schedules as shown in Appendix A. c. Effective July 1, 2020, there will be a 0% increase included in the salary schedules as shown in Appendix A. The agreed to salary schedule, as shown in Appendix A, shall apply for the duration of this contract except that the employer and local bargaining group agree to meet for the purpose of a wage only reopener for on or off-schedule compensation, for the 2021-2022 contract year, if for that year, General Fund state aid Section 81 and local property tax levies are projected to increase, in total, by 3% or more over the previous year. The parties agree to meet no later than December 2021 to determine next steps. State Aid Section 81 means funds appropriated by the state through the state school aid act for activities and purposes included in that section of the Act as of the date of the signing of this agreement. Local property tax levy means those allocated property taxes levied for operating purpose on the employers 2021 l-4029 report.
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Percentage Increases. (a) Effective September 1, 2016, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of two and one-half (2.5%) percent over his/her base salary in the preceding academic year. (b) Effective September 1, 2017, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of two and one-half (2.5%) percent over his/her base salary in the preceding academic year. (c) Effective September 1, 2018, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of two and one-half (2.5%) percent over his/her base salary in the preceding academic year. (d) Effective September 1, 2019, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of three (3%) percent over his/her base salary in the preceding academic year. (e) Effective September 1, 2020, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of three (3%) percent over his/her base salary in the preceding academic year. In no event, however, shall the percentage wage increase under this Article 8.1 result in a salary less than the minimum salary specified in Article 8.4.
Sample 1
Percentage Increases. The Basic Monthly Rent (as adjusted pursuant to Section 3.2.1 above) shall be increased on the first day of each Lease Year (as defined below) after the first Lease Year and on the first day of the next six (6) Lease Years (“Adjustment Date”) by 3.5% of the previous year’s Basic Monthly Rent. Commencing at the commencement of the seventh Lease Year and upon the first day of each Lease Year thereafter the Basic Monthly Rent shall be increased 5% over the Basic Monthly Rent for the previous Lease Year. When Basic Monthly Rent commences for the Phase II Premises it shall be calculated as if it had commenced on the same date as the Commencement Date for the Phase I Premises. Lease Year is defined to mean the first day of the first month following the twelve (12) month anniversary date (“Anniversary Date”) of the Commencement Date applicable to Phase I. An example of the calculation of Basic Monthly Rent after the Commencement Date of each phase follows: Rentable Area 10,873 sq. ft. 10,873 sq. ft. Commencement Date February 1, 1994 January 1, 1996 Landlord TI Cost $ 60.00 $ 65.00 On the Commencement Date for the Phase I Premises, Basic Monthly Rent for the Phase I Premises would be adjusted to account for the Landlord’s share of Tenant Improvement Costs of $60.00. Thus, the Basic Monthly Rent of $1.90 per square foot of Rentable Area would be reduced to $1.80 per square foot of Rentable Area for a total Basic Monthly Rent of $19,571.40 per month from the Commencement Date of February 1, 1994 to the Anniversary Date of February 1, 1995. On February 1, 1995 the Basic Monthly Rent would be increased 3.5% to $20,256.40. On February 1, 1996 (the Anniversary Date of the Third Lease Year) the Basic Monthly Rent would be increased by 3.5% to $20,965.37. On the Commencement Date for the Phase II Premises the Basic Monthly Rent would be adjusted to account for the Landlord’s share of Tenant Improvement Costs for Phase II of $65.00. Thus, the Basic Monthly Rent of $1.90 per square foot of Rentable Area would be reduced to $1.85 per square foot of Rentable Area for a total of $20,115.04 per month. Although rent for the Phase II Premises would not be due until the Commencement Date for the Phase II Premises, which will be the earlier of substantial completion of the Tenant Improvements for the Phase II Premises or January 1, 1996, the calculation of the adjustment to Basic Monthly Rent would be made from February 1, 1994 (the Commencement Date of the Phase I Premises). Thus...
Sample 1
Percentage Increases. (a) Effective September 1, 2021, each continuing full-time member of the bargaining unit shall receive a wage increase in their base salary of three (3%) percent over their base salary in the preceding academic year. (b) Effective September 1, 2022 each continuing full-time member of the bargaining unit shall receive a wage increase in their base salary of three (3%) percent over their base salary in the preceding academic year. (c) Effective September 1, 2023 each continuing full-time member of the bargaining unit shall receive a wage increase in their base salary of two and one-half (2.5%) percent over their base salary in the preceding academic year. (d) Effective September 1, 2024 each continuing full-time member of the bargaining unit shall receive a wage increase in their base salary of two and one-half (2.5%) percent over their base salary in the preceding academic year. (e) Effective September 1, 2025 each continuing full-time member of the bargaining unit shall receive a wage increase in their base salary of two and one-half (2.5%) percent over their base salary in the preceding academic year. In no event, however, shall the percentage wage increase under this Article 8.1 result in a salary less than the minimum salary specified in Article 8.4.
Sample 1
Percentage Increases a. Effective July 1, 2018, 1.75% increase is included in the salary schedules as shown in Appendix A. b. Effective July 1, 2019, 1.25% increase is included in the salary schedules as shown in Appendix A. The agreed to salary schedule, as shown in Appendix A, shall apply for the duration of this contract except that the employer and local bargaining group agree to meet for the purpose of a wage only reopener for on or off-schedule compensation, for the 2020-2021 contract year, if for that year, General Fund state aid Section 81 and local property tax levies are projected to increase, in total, by 3% or more over the previous year. State Aid Section 81 means funds appropriated by the state through the state school aid act for activities and purposes included in that section of the Act as of the date of the signing of this agreement. Local property tax levy means those allocated property taxes levied for operating purpose on the employers 2020 l-4029 report.
Sample 1
Percentage Increases a. Effective July 1, 2022, 1.0% increase is included in the salary schedules as shown in Appendix A. b. Effective July 1, 2023, 1.0% increase is included in the salary schedules as shown in Appendix A. c. Effective July 1, 2024, there will be a 0% increase included in the salary schedules as shown in Appendix A.
Sample 1
Percentage Increases a. The agreed to salary schedule, as shown in Appendix A, shall apply for the duration of this contract except as modified by other provisions herein. b. The Employer and the Union agree to enter into a wage reopener discussion beginning no earlier than May 1, 2012 for the purpose of determining whether the agency’s finances will permit a salary increase for the final year of this contract.
Sample 1
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Percentage Increases for this contract will be 5%, 5%, and 4% on the previous year’s base.
Sample 1
Percentage Increases. ‌ (a) Effective September 1, 2016, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of two and one-half (2.5%) percent over his/her base salary in the preceding academic year.‌ (b) Effective September 1, 2017, each continuing full-time member of the bargaining unit shall receive a wage increase in his/her base salary of two and one-half (2.5%) percent over his/her base salary in the preceding academic year.‌
Sample 1

Related to Percentage Increases

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • 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).

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