Common use of Promotions and Salary Adjustments Clause in Contracts

Promotions and Salary Adjustments. For each review period below, the Company will spend at least one half of one percent (0.5%) 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 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $2,500. 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 5 January 1, 2020 December 31, 2019 December 31, 2020 6 January 1, 2021 December 31, 2020 December 31, 2021 7 January 1, 2022 December 31, 2021 December 31, 2022

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Promotions and Salary Adjustments. For each review period below, the Company will spend at least one half of one percent (0.5%) 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 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $2,5003,500. 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 5 January 1, 2020 December 31, 2019 December 31, 2020 6 January 1, 2021 December 31, 2020 December 31, 2021 7 January 1, 2022 December 31, 2021 December 31, 2022

Appears in 1 contract

Samples: Collective Bargaining Agreement

Promotions and Salary Adjustments. 8 For each review period below, the Company will spend at least one half of one percent (0.5%) 9 of the total unit salaries as of the computation date of the review period on either adjustments in 10 salary accompanied by a change in classification (promotion); or adjustments in salary outside 11 of the annual salary review (Out of Sequence Selective Adjustment) or any combination of the 12 two. In the event less than 0.5% is spent during the review period, the delta between the actual 13 expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion 14 increase will be $2,5003,500. 16 There will be no selective adjustments or in-line promotions outside the competitive job selection 17 process during the period scheduled by the Company for salary review (typically January 1 18 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 5 January 1, 2020 December 31, 2019 December 31, 2020 6 January 1, 2021 December 31, 2020 December 31, 2021 7 January 1, 2022 December 31, 2021 December 31, 20222022 20 21 22 23 24 25 26 27 28 29 30 31 32 33

Appears in 1 contract

Samples: Collective Bargaining Agreement

Promotions and Salary Adjustments. For each review period below, the Company will spend at least one half of one percent (0.5%) 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 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $2,5003,500. 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 One December 2, 2008 January 30, 2009 December 31, 2009 Two January 1, 2016 2010 January 29, 2010 December 31, 2015 2010 Three January 1, 2011 January 28, 2011 December 31, 2016 2 2011 Four January 1, 2017 December 312012 January 27, 2016 December 312012 October 6, 2017 3 January 1, 2018 December 31, 2017 December 31, 2018 4 January 1, 2019 December 31, 2018 December 31, 2019 5 January 1, 2020 December 31, 2019 December 31, 2020 6 January 1, 2021 December 31, 2020 December 31, 2021 7 January 1, 2022 December 31, 2021 December 31, 20222012

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Promotions and Salary Adjustments. For each review period below, the Company will spend at least one half of one percent (0.5%) 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 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $2,500. 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 One January 1, 2013 February 1, 2013 December 31, 2013 Two January 1, 2014 December 31, 2013 December 31, 2014 Three January 1, 2015 December 31, 2014 December 31, 2015 Four January 1, 2016 December 31, 2015 October 6, 2016 One January 1, 2016 December 31, 2015 December 31, 2016 2 Two January 1, 2017 December 31, 2016 December 31, 2017 3 Three January 1, 2018 December 31, 2017 December 31, 2018 4 Four January 1, 2019 December 31, 2018 December 31, 2019 5 Five January 1, 2020 December 31, 2019 December 31, 2020 6 Six January 1, 2021 December 31, 2020 December 31, 2021 7 Seven January 1, 2022 December 31, 2021 December 31, 2022

Appears in 1 contract

Samples: Collective Bargaining Agreement

Promotions and Salary Adjustments. For each review period below, the Company will spend at least one half of one percent (0.5%) 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 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum promotion increase will be $2,500. 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 One December 2, 2008 January 30, 2009 December 31, 2009 Two January 1, 2016 2010 January 29, 2010 December 31, 2015 2010 Three January 1, 2011 January 28, 2011 December 31, 2016 2 2011 Four January 1, 2017 December 312012 January 27, 2016 December 312012 October 6, 2017 3 January 1, 2018 December 31, 2017 December 31, 2018 4 January 1, 2019 December 31, 2018 December 31, 2019 5 January 1, 2020 December 31, 2019 December 31, 2020 6 January 1, 2021 December 31, 2020 December 31, 2021 7 January 1, 2022 December 31, 2021 December 31, 20222012

Appears in 1 contract

Samples: Collective Bargaining Agreement

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