Retention Increase Sample Clauses
A Retention Increase clause establishes the conditions under which the amount of financial responsibility, or 'retention,' that a party must bear before insurance coverage applies is raised. Typically, this clause specifies scenarios such as changes in risk profile, claims history, or contract amendments that trigger an increase in the retention amount. By clearly outlining when and how the retention can be increased, the clause helps allocate risk more appropriately between the parties and ensures that the insured maintains a vested interest in loss prevention.
Retention Increase. If a full-time faculty member presents evidence to the University of an offer of employment from another institution, either academic or non-academic, the University may, at its sole discretion, increase the faculty member's base salary. The University shall notify the Union of any such increase.
Retention Increase. Effective February 16, 2023, a retention increase of 4% will be provided to the base salaries of the AFT employees listed below who are teaching or have an FTE assignment as of Feb 16, 2023. Instructors who received merit in Sept 2022 are not eligible for this increase. ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇-▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ This MOU will expire upon implementation.
Retention Increase. All eligible permanent bargaining unit employees who were employed as of May 1, 2010 and have continued employment through August 16, 2010, shall receive a 1.0% base salary increase. This increase will be effective August 16, 2010.
Retention Increase. All bargaining unit employees (except ▇▇▇▇ and AMP) under appointment as of May 1, 2010 and who have continued employment through August 11, 2010 shall receive a retention increase equal to 1.0% of the employee’s previous year’s base salary effective August 11, 2010. Employees on contracts or grants shall receive salary increases equivalent to similar employees on regular funding, provided that such salary increases are permitted by the terms of the contract or grant and adequate funds are available for this purpose in the contract or grant.
Retention Increase. Effective December 28, 2008, all eligible employees who were employed on or prior to the beginning of the Spring 2008 semester and are continuously employed through the effective date shall receive a two percent (2.0%) retention increase to their base salaries as of the last full pay period of the 2007 – 2008 Academic Year.
Retention Increase. The Department Chair/Director, at their sole discretion, may request a monthly increase to retain a NTT faculty member who receives a bona fide offer of employment from another institution. The NTT faculty member must present written proof of the offer, if available, to the Department Chair/Director for consideration. Any increase will be subject to approval by the ▇▇▇▇▇▇▇ and Human Resources. This decision is not subject to the grievance procedure. Only NTT faculty members who have not been awarded a retention increase in the past three (3) years are eligible.