- SALARY ADJUSTMENTS AND COMPENSATION Sample Clauses

- SALARY ADJUSTMENTS AND COMPENSATION. 13.1 Each pay grade is divided into five (5) steps, with an approximate 5.0% difference between each step.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
- SALARY ADJUSTMENTS AND COMPENSATION. Merit Pay Step System Effective November 29, 2002, each pay grade will be divided into 6 steps with an approximate 4.6% difference between each step. Effective November 29, 2002, all active employees as of November 29, 2002 will be placed on the nearest step so that no employee will experience a decrease in his/her hourly pay rate. Employees hired on or before November 29, 2002 will be eligible for a step increase on the following dates for the duration of this contract based on receiving a satisfactory or above performance review rating until they reach step 5. Employees not receiving a satisfactory or above performance review shall not be eligible for a merit based salary adjustment. • July 11, 2003 • July 9, 2004 • July 8, 2005 • July 7, 2006 Movement between step 5 to step 6 will be based on a “gatekeeper” factor. • Gatekeeper factor Placement at step 6 of the salary range will require receipt of an above average or outstanding performance review on an annual basis. Unit employees who are at step 6 of the range and who do not receive an above average or outstanding performance review shall be placed at step 5 of the range and will not be placed at step 6 unless an above average or outstanding performance review is received in the following year. A change from step 6 to step 5 shall be reviewed and approved by the Human Resources Director or his/her designee prior to implementation. An employee may appeal the change pursuant to the “appeal process” provided for in the current review procedure for OCEA employees. Employees hired after November 29, 2002, shall be eligible for a step increase based on the following schedule: • Step 1 to 2: First pay period following six (6) months of service • Step 2 to 3: First pay period following one (1) year of service at step 2 • Step 3 to 4: First pay period following one (1) year of service at step 3 • Step 4 to 5: First pay period following one (1) year of service at step 4 • Step 5 to 6: First pay period following one (1) year of service at step 5.
Sample 1Sample 2
- SALARY ADJUSTMENTS AND COMPENSATION 
Sample 1Sample 2Sample 3See All (4)

Related to - SALARY ADJUSTMENTS AND COMPENSATION

  • SALARY AND COMPENSATION ARTICLE 56

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS 198. Appointments to positions in the City and County Service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!