Periodic salary increase Sample Clauses

Periodic salary increase. Standard increase after appraisal 1. An employee who has not yet reached the maximum salary of their salary scale yet, can qualify for a salary increase every year after having been appraised on the basis of pre-set criteria. 2. If the employee is not appraised on the basis of pre-set criteria, the standard increase shall be assigned every year, with effect from 1 January (or another date to be established in local consultation) until the maximum salary for the job level in question has been reached. 3. If an employee is absent for a long period and cannot be appraised as a result, no standard increase shall be applied unless the Minimum Wage Act (Wet minimumloon) applies (article 11.3). 4. If an employee is absent for a long period and cannot be appraised as a result, no standard increase shall be applied unless scales for apprentice journalists or novice journalists (job category of Newspaper Journalists) apply (article 13.3 and article 13.4) or apprentice scales (job category of Free Local Newspaper Journalists: article 16.5).
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Periodic salary increase. Standard increase after appraisal 1. An employee who has not yet reached the maximum salary of their salary scale can qualify for a salary 2. If the employee is not appraised on the basis of a system recognised by the parties to the collective labour agreement, the standard increase shall be assigned every year, with effect from 1 January (or another date to be established in local consultation) until the maximum salary for the job level in question has been reached. 3. If an employee is absent for a long period and cannot be appraised as a result, no standard increase shall be applied unless age scales (job category of Book and Magazine Publishing) or initial scales (job category of Newspaper Publishing) apply (article 11.3 or resp. article 12.4). 4. If an employee is absent for a long period and cannot be appraised as a result, no standard increase shall be applied unless scales for apprentice journalists or novice journalists (job category of Newspaper Journalists) apply (article 13.3 and article 13.4).
Periodic salary increase a. Each year, the employer will conduct a performance review with the employee. b. In the case of a neutral or positive review, a periodic increase will be granted until the maximum of the relevant scale has been reached. c. The periodic increase within the salary scale will become effective each time on the first day of the month in which the employee entered employment or on the date on which the employee was promoted or placed in a new position. d. By way of derogation from the provisions in paragraph (c), the employer may set the effective date of the increment at 1 January of any year, provided that the effective date of the increment does not fall more than one year after the effective date of the previous increment. If the employer exercises this option, it will apply it to all employees. e. If no performance review has been held, the employer will be obliged to award the next increment in the scale after the period referred to in paragraph (c) or (d) has expired.

Related to Periodic salary increase

  • Salary Increase Effective December 1, 2015, salary rates shall be increased by 2.25%.

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Voluntary Increase The Company from time to time may increase the Conversion Rate by any amount for any period of time. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 11.06, 11.07 or 11.08.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $550,000 per annum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed (and may be increased, but not decreased) from time to time by the Board or an authorized committee of the Board.

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