Common use of Promotions and Salary Adjustments Clause in Contracts

Promotions and Salary Adjustments. 51 52 For each review period below, the Company will spend at least one half of one percent (0.5%) 53 of the total unit salaries as of the computation date of the review period on either adjustments in 54 salary accompanied by a change in classification (promotion); or adjustments in salary outside 55 of the annual salary review (Out of Sequence Selective Adjustment) or any combination of 56 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 1 promotion increase will be $3,500. 2 3 There will be no selective adjustments or in-line promotions outside the competitive job selection 4 process during the period scheduled by the Company for salary review (typically January 1 5 through mid-April). 6 Review Period Start Date Computation Date End Date 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 10 11 12 14 15

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Promotions and Salary Adjustments. 51 52 40 41 For each review period below, the Company will spend at least one half of one percent (0.5%) 53 42 of the total unit salaries as of the computation date of the review period on either adjustments in 54 43 salary accompanied by a change in classification (promotion); or adjustments in salary outside 55 44 of the annual salary review (Out of Sequence Selective Adjustment) or any combination of 56 45 the two. In the event less than 0.5% is spent during the review period, the delta between the 46 actual expenditure and 0.5% will be added to the next salary adjustment fund. The minimum 1 47 promotion increase will be $3,5002,500. 2 3 48 49 There will be no selective adjustments or in-line promotions outside the competitive job selection 4 50 process during the period scheduled by the Company for salary review (typically January 1 5 51 through mid-April). 6 52 55 56 Review Period Start Date Computation Date End Date 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 10 11 12 14 151 3 4 5 6 7

Appears in 1 contract

Samples: Collective Bargaining Agreement

Promotions and Salary Adjustments. 51 52 30 For each review period below, the Company will spend at least one half of one percent (0.5%) 53 of the total 32 unit salaries as of the computation date of the review period on either adjustments in 54 salary accompanied 33 by a change in classification (promotion); or adjustments in salary outside 55 of the annual salary review 34 (Out of Sequence Selective Adjustment) or any combination of 56 the two. In the event less than 0.5% is 35 spent during the review period, the delta between the actual expenditure and 0.5% will be added to the 36 next salary adjustment fund. The minimum 1 promotion increase will be $3,500. 2 3 37 38 There will be no selective adjustments or in-line promotions outside the competitive job selection 4 process 39 during the period scheduled by the Company for salary review (typically January 1 5 through mid-April). 6 40 41 Review Period Start Date Computation Date End Date 42 43 One December 2, 2008 January 130, 2013 February 1, 2013 2009 December 31, 2013 2009 44 Two January 1, 2014 2010 January 29, 2010 December 31, 2013 December 31, 2014 2010 45 Three January 1, 2015 2011 January 28, 2011 December 31, 2014 December 31, 2015 2011 46 Four January 1, 2016 December 312012 January 27, 2015 2012 October 6, 2016 10 11 12 14 152012 47

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Promotions and Salary Adjustments. 51 52 48 49 For each review period below, the Company will spend at least one half of one percent (0.5%) 53 of 50 the total unit salaries as of the computation date of the review period on either adjustments in 54 salary 51 accompanied by a change in classification (promotion); or adjustments in salary outside 55 of the annual 52 salary review (Out of Sequence Selective Adjustment) or any combination of 56 the two. In the event 53 less than 0.5% is spent during the review period, the delta between the actual expenditure and 0.5% 54 will be added to the next salary adjustment fund. The minimum 1 promotion increase will be $3,5002,500. 2 3 55 There will be no selective adjustments or in-line promotions outside the competitive job selection 4 56 1 process during the period scheduled by the Company for salary review (typically January 1 5 2 through mid-April). 6 Review Period Start Date Computation Date End Date 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 1 January 1, 2016 December 31, 2015 October 6December 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 4 5 6 7 8 9 10 11 12 14 1513

Appears in 1 contract

Samples: Collective Bargaining Agreement

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