Promotion Salary Adjustments Sample Clauses

Promotion Salary Adjustments. A BUFM who is promoted during the stated term of this Agreement shall have the base salary adjusted as follows: 6.1. Qualified-Rank Faculty-Assistant Professor to QRF-Associate Professor – $3,000 6.2. QRF-Associate Professor to QRF-Professor – $4,000 6.3. Assistant Professor to Associate Professor – $5,500 6.4. Associate Professor to Professor – $9,000
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Promotion Salary Adjustments. Promotion is an employee’s reassignment under the provisions of this Agreement to a position having a higher salary range. On his/her date of promotion, an employee is entitled to the higher of: (a) The first step of the range for his/her new job class. (b) Advancement to the step of the range for the new class which most closely approximates 5% more than his/her previous salary, except in cases of an employee advancing to Step I on the salary scale, in which case the salary shall be 2.5% above the nurse’s previous salary. On the first of the month nearest six (6) months following his/her date of promotion, the employee progresses again to the salary step closest to 5% above the step which was gained on the date of promotion, except in cases where the nurse is advancing to Step I on the salary scale, in which case the nurse will progress to the salary step closest to 2.5% above the step gained on the date of promotion, provided that he/she may not progress beyond the top step of the range for his/her class. This second progression date becomes his/her “step-increase date.” Subsequent step increases within the range are at annual intervals and each step shall be to the step closest to 5% above the previous step, except in cases where the nurse is advancing to Step I on the salary scale, in which case the nurse will progress to the salary step closest to 2.5% above the nurse’s step, and which does not exceed the top of the range. The first six (6) months after promotion are probationary during which time the employee may be returned to their former position. This provision shall not apply to work performed during the six (6) month training period as provided for in section 18.3 hereof. If an employee would otherwise have received a step increase on the same day as a promotion, demotion, reclassification upward or downward, or a range adjustment, the step increase will be considered to have occurred before any of the other actions.
Promotion Salary Adjustments. A Bargaining Unit Faculty Member who is promoted during the stated term of this Agreement shall have the base salary adjusted as follows: 6.1. Instructor to Lecturer – $3,000 6.2. Lecturer to Senior Lecturer – $4,000 6.3. Assistant Professor to Associate Professor – $5,500 6.4. Associate Professor to Professor – $9,000

Related to Promotion Salary Adjustments

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS Appointments to positions in the City and County service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions: (A) Deductions from a salaried employee's salary may be made for any workweek in which the salaried employee performs no work. (B) Deductions from a salaried employee's salary may be made when the employee absents himself from work for a full day or days for personal reasons, other than sickness or accident. This provision shall not prevent appropriate deductions from being made from any employee's vacation leave balance pursuant to Article 11 of this Agreement for absences of less than a day for personal reasons, other than sickness or accident. (C) Deductions from an employee's salary may be made when a salaried employee absents himself from work for a day (or days) for sickness or accident disability in accordance with the provisions of Articles 13 and 14 of this Agreement. (D) Deduction in a salaried employee's salary may be made for the initial or terminal week of the salaried employee if the salaried employee fails to work the entire workweek.

  • Royalty Adjustments The following adjustments shall be made, on a Licensed Product-by-Licensed Product and country-by-country basis, to the royalties payable pursuant to this Section 5.5:

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

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