QACA Increase Clause Samples

QACA Increase. Note: Increases will occur on the first day of each Plan Year or each anniversary of the Participant's enrollment date (based upon the selection made in (a) or (b) under (C)(2) below), (1) Type of Contribution to be increased shall be (select one): ¨ (a) Pre-Tax Contributions only. ¨ (b) ▇▇▇▇ Contributions only.
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QACA Increase. Note: Increases will occur on the first day of each Plan Year or each anniversary of the Participant’s enrollment date (or as soon thereafter as administratively feasible) (based upon the selection made in (a) or (b) under C(1) below): ¨ (1) Contribution Percentages shall be (a) the Plan Year (if selected, must enter a percentage for each year): % for the first year following automatic enrollment (must be at least 3% but not more than 10%); % for the second year following automatic enrollment (must be at least 4% but not more than 10%); % for the third year following automatic enrollment (must be at least 5% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ (b) the 12 month period ending on the anniversary of each Participant’s enrollment date (if selected, enter a percentage for each year): % for the first year following automatic enrollment (must be at least 4% but not more than 10%); % for the second year following automatic enrollment (must be at least 5% but not more than 10%); % for the third year following automatic enrollment (must be at least 6% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).
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Related to QACA Increase

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.