Common use of Promotional Funds Clause in Contracts

Promotional Funds. Annually, and in addition to the selective salary adjustment fund 40 above, the Company will provide a fund of one-half of one percent (0.5%) of the total unit 41 salaries as of Fund Computation Date specifically to be used to manage both salary growth and 42 promotions within the unit. If the bargaining unit weighted average comparatio is more than 0.97, 43 the Company will not add the additional 0.5%. If the full amount reserved for promotions and 44 out-of-sequence raises is not used, the unused portion shall be added to the following year’s Fund.

Promotional Funds. Annually, and in addition to the selective salary adjustment fund 40 above, the Company will provide a fund of one-half one‐half of one percent (0.5%) of the total unit 41 salaries as of Fund Computation Date specifically to be used to manage both salary growth and 42 promotions within the unit. If the bargaining unit weighted average comparatio is more than 0.97, 43 the Company will not add the additional 0.5%. If the full amount reserved for promotions and 44 out-of-sequence out‐of‐sequence raises is not used, the unused portion shall be added to the following year’s Fund.