Common use of Promotions and Salary Adjustments Clause in Contracts

Promotions and Salary Adjustments. For Review Periods 1-3 below, the Company will spend at least one half of one percent (0.5%), and for Review Periods 4-7, it will spend at least one and one half percent (1.5%), of the total unit salaries as of the computation date of the review period, on either adjustments in salary accompanied by a change in classification (promotion), or adjustments in salary outside of the annual salary review (Out of Sequence Selective Adjustment), or any combination of the two. In the event less than the applicable minimum percentage is spent during the review period, the delta between the actual expenditure and the applicable minimum percentage will be added to the next salary adjustment fund. The minimum promotion increase will be $3,500. There will be no selective adjustments or in-line promotions outside the competitive job selection process during the period scheduled by the Company for salary review (typically January 1 through mid-April). Review Period Start Date Computation Date End Date 1 January 1, 2020 December 31, 2019 December 31, 2020 2 January 1, 2021 December 31, 2020 December 31, 2021 3 January 1, 2022 December 31, 2021 December 31, 2022 4 January 1, 2023 December 31, 2022 December 31, 2023 5 January 1, 2024 December 31, 2023 December 31, 2024 6 January 1, 2025 December 31, 2024 December 31, 2025 7 January 1, 2026 December 31, 2025 December 31, 2026

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Promotions and Salary Adjustments. For Review Periods 1-3 below, the Company will spend at least one half of one percent (0.5%), and for Review Periods 4-7, it will spend at least one and one half percent (1.5%), of the total unit salaries as of the computation date of the review period, period on either adjustments in salary accompanied by a change in classification (promotion), or adjustments in salary outside of the annual salary review (Out of Sequence Selective Adjustment), or any combination of the two. In the event less than the applicable minimum percentage is spent during the review period, the delta between the actual expenditure and the applicable minimum percentage will be added to the next salary adjustment fund. The minimum promotion increase will be $3,5002,500. There will be no selective adjustments or in-line promotions outside the competitive job selection process during the period scheduled by the Company for salary review (typically January 1 through mid-April). Review Period Start Date Computation Date End Date 1 January 1, 2020 December 31, 2019 December 31, 2020 2 January 1, 2021 December 31, 2020 December 31, 2021 3 January 1, 2022 December 31, 2021 December 31, 2022 4 January 1, 2023 December 31, 2022 December 31, 2023 5 January 1, 2024 December 31, 2023 December 31, 2024 6 January 1, 2025 December 31, 2024 December 31, 2025 7 January 1, 2026 December 31, 2025 December 31, 2026

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Promotions and Salary Adjustments. For Review Periods each Rreview Pperiods 1-3 below, the Company will spend at least one half of one percent (0.5%), and for Review Periods 4-7, it will spend at least one and one half percent (1.5%), of the total unit salaries as of the computation date of the review period, on either adjustments in salary accompanied by a change in classification (promotion), ,; or adjustments in salary outside of the annual salary review (Out of Sequence Selective Adjustment), or any combination of the two. In the event less than the applicable minimum percentage 0.5% is spent during the review period, the delta between the actual expenditure and the applicable minimum percentage 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $3,500. There will be no selective adjustments or in-line promotions outside the competitive job selection process during the period scheduled by the Company for salary review (typically January 1 through mid-April). Review Period Start Date Computation Date End Date 1 January 1, 2016 December 31, 2015 December 31, 2016 2 January 1, 2017 December 31, 2016 December 31, 2017 3 January 1, 2018 December 31, 2017 December 31, 2018 4 January 1, 2019 December 31, 2018 December 31, 2019 15 January 1, 2020 December 31, 2019 December 31, 2020 2 26 January 1, 2021 December 31, 2020 December 31, 2021 3 37 January 1, 2022 December 31, 2021 December 31, 2022 4 January 1, 2023 December 31, 2022 December 31, 2023 5 January 1, 2024 December 31, 2023 December 31, 2024 6 January 1, 2025 December 31, 2024 December 31, 2025 7 January 1, 2026 December 31, 2025 December 31, 2026

Appears in 1 contract

Samples: Collective Bargaining Agreement

Promotions and Salary Adjustments. 23 For Review Periods 1-3 below, the Company will spend at least one half of one percent 24 (0.5%), and for Review Periods 4-7, it will spend at least one and one half percent (1.5%), of 25 the total unit salaries as of the computation date of the review period, on either adjustments 26 in salary accompanied by a change in classification (promotion), or adjustments in 27 salary outside of the annual salary review (Out of Sequence Selective Adjustment), or 28 any combination of the two. In the event less than the applicable minimum percentage 29 is spent during the review period, the delta between the actual expenditure and the 30 applicable minimum percentage will be added to the next salary adjustment fund. The 31 minimum promotion increase will be $3,500. 32 33 There will be no selective adjustments or in-line promotions outside the competitive job 34 selection process during the period scheduled by the Company for salary review (typically 35 January 1 through mid-April). Review Period Start Date Computation Date End Date 1 January 1, 2020 December 31, 2019 December 31, 2020 2 January 1, 2021 December 31, 2020 December 31, 2021 3 January 1, 2022 December 31, 2021 December 31, 2022 4 January 1, 2023 December 31, 2022 December 31, 2023 5 January 1, 2024 December 31, 2023 December 31, 2024 6 January 1, 2025 December 31, 2024 December 31, 2025 7 January 1, 2026 December 31, 2025 December 31, 20262026 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Promotions and Salary Adjustments. For Review Periods each Rreview Pperiods 1-3 below, the Company will spend at least one half of one percent (0.5%), and for Review Periods 4-7, it will spend at least one and one half percent (1.5%), of the total unit salaries as of the computation date of the review period, period on either adjustments in salary accompanied by a change in classification (promotion), ,; or adjustments in salary outside of the annual salary review (Out of Sequence Selective Adjustment), or any combination of the two. In the event less than the applicable minimum percentage 0.5% is spent during the review period, the delta between the actual expenditure and the applicable minimum percentage 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $3,5002,500. There will be no selective adjustments or in-line promotions outside the competitive job selection process during the period scheduled by the Company for salary review (typically January 1 through mid-April). Review Period Start Date Computation Date End Date 1 January 1, 2020 20162020 December 31, 2019 20159 December 31, 2020 20162020 2 January 1, 2021 202117 December 31, 2020 20162020 December 31, 2021 20172021 3 January 1, 2022 202218 December 31, 2021 20172021 December 31, 2022 20182022 4 January 1, 2023 202319 December 31, 2022 20182022 December 31, 2023 20192023 5 January 1, 2024 20240 December 31, 2023 20192023 December 31, 2024 20240 6 January 1, 2025 20251 December 31, 2024 20240 December 31, 2025 20251 7 January 1, 2026 20262 December 31, 2025 20251 December 31, 202620262

Appears in 1 contract

Samples: Collective Bargaining Agreement

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