Common use of Rate Range and Discretionary Salary Increases Clause in Contracts

Rate Range and Discretionary Salary Increases. The Company will establish and 2 fully distribute salary adjustment funds in accordance with the dates set forth below. No increase 3 adjustments to base pay will exceed the established Base Rate Range maximum. Employees at rate 4 maximums may receive lump sums in lieu of base salary increases. These lump sum increases will 5 charge to the salary adjustment fund. Review Period Fund Computation Date First Full Pay period Following Increase Percentage* 1 4/1/2020 7/1/2020 Market +0.5% 2 4/1/2021 7/1/2021 Market 3 4/1/2022 7/1/2022 Market 4 4/1/2023 7/1/2023 Market +0.5% 5 4/1/2024 7/1/2024 Market 6 4/1/2025 7/1/2025 Market * Minimum of $750 for any employee under comparatio of 1.00 and with hire dates six months or more prior to the Fund Computation Date 6 8 9 10 11 12 13 14 15 16 17 18 19 20

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Rate Range and Discretionary Salary Increases. The Company will establish and 2 fully 13 distribute salary adjustment funds in accordance with the dates set forth below. No increase 3 14 adjustments to base pay will exceed the established Base Rate Range maximum. Employees at rate 4 15 maximums may receive lump sums in lieu of base salary increases. These lump sum increases will 5 16 charge to the salary adjustment fund. Review Period Fund Computation Date First Full Pay period Following Increase Percentage* 1 4/1/2020 7/1/2020 Market +0.5% 2 4/1/2021 7/1/2021 Market 3 4/1/2022 7/1/2022 Market 4 4/1/2023 7/1/2023 Market +0.5% 5 4/1/2024 7/1/2024 Market 6 4/1/2025 7/1/2025 Market * Minimum of $750 for any employee under comparatio of 1.00 and with hire dates six months or more prior to the Fund Computation Date 6 8 9 10 11 12 13 14 15 16 17 18 19 20Date

Appears in 1 contract

Samples: Collective Bargaining Agreement

Rate Range and Discretionary Salary Increases. The Company will establish and 2 fully distribute salary adjustment funds in accordance with the dates set forth below. No increase 3 adjustments to base pay will exceed the established Base Rate Range maximum. Employees at rate 4 maximums may receive lump sums in lieu of base salary increases. These lump sum increases will 5 charge to the salary adjustment fund. In February of 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, and 2020 Review Period Fund Computation Date First Full Pay period Following Increase Percentage* 1 4/1/2020 7/1/2020 Market +0.5% 2 4/1/2021 7/1/2021 Market 3 4/1/2022 7/1/2022 Market 4 4/1/2023 7/1/2023 Market +0.5% 5 4/1/2024 7/1/2024 Market 6 4/1/2025 7/1/2025 Market * Minimum of $750 for any employee under comparatio of 1.00 and with hire dates six months or more prior to the Fund Computation Date 6 8 9 10 11 12 13 14 15 16 17 18 19 20Date

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Rate Range and Discretionary Salary Increases. The Company will establish and 2 fully distribute salary adjustment funds in accordance with the dates set forth below. No increase 3 adjustments to base pay will exceed the established Base Rate Range maximum. Employees at rate 4 maximums may receive lump sums in lieu of base salary increases. These lump sum increases will 5 charge to the salary adjustment fund. Review Period Fund Computation Date First Full Pay period Following Increase Percentage* 1 4/1/2020 7/1/2020 Market +0.5% 2 4/1/2021 7/1/2021 Market 3 4/1/2022 7/1/2022 Market 4 4/1/2023 7/1/2023 Market +0.5% 5 4/1/2024 7/1/2024 Market 6 4/1/2025 7/1/2025 Market * Minimum of $750 for any employee under comparatio of 1.00 and with hire dates six months or more prior to the Fund Computation Date 6 8 9 10 11 12 13 14 15 16 17 18 19 20Date

Appears in 1 contract

Samples: Collective Bargaining Agreement

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