Retention Increases Sample Clauses
The 'Retention Increases' clause defines the circumstances under which the amount of money withheld (retention) from payments to a contractor or service provider may be raised during the course of a project. Typically, this clause outlines specific triggers—such as missed deadlines, quality issues, or other performance concerns—that justify increasing the retention percentage or amount. By establishing clear conditions for adjusting retention, the clause incentivizes compliance with contract terms and protects the paying party from potential risks associated with underperformance or non-completion.
Retention Increases. In the event that a faculty member has received an offer of greater pay from another institution, the faculty member may request that their department seek approval from the ▇▇▇▇ and Chief Academic Officer to make a counteroffer. Faculty will need to provide written verification of a bona fide better offer. A decision not to make a counteroffer may not be grieved.
Retention Increases. Eligible employees shall receive retention increases to the 14 employee’s base salary throughout the life of this agreement with the qualifications 15 described below. June 30, 2018 July 1, 2018 (2+)% June 30, 2019 July 1, 2019 2% June 30, 2020 July 1, 2020 2% 16
Retention Increases. Salary increases for purposes of retention will be handled in accordance with CWUP 2-30-090 Faculty and Exempt Staff Retention.
Retention Increases. The Department Chair, at their sole discretion, may request an increase in an Employee’s Annual Base Salary to retain an Employee who receives a bona fide offer of employment from another institution. The Employee must present written proof of the offer to the Department Chair for consideration. Any increase to an Employee’s Annual Base Salary will be subject to approval by the ▇▇▇▇, the ▇▇▇▇▇▇▇, and Human Resources. A decision regarding whether to grant a retention increase to an individual Employee and, if so, the amount of the increase is not subject to the Grievance Procedure in Article 27 of this Agreement.
Retention Increases. RECAPTURE A. Retention Limit Changes If the Ceding Company changes its maximum retention limits as applied to all or substantially all of the Company’s life insurance products then in force, it will provide the Reinsurer with written notice of the new maximum retention limits and the effective date.