Salary Increases Year One Sample Clauses

Salary Increases Year One. A. Effective the first pay period in July 2014, each bargaining unit member who is on the payroll as of June 28, 2014, and who does not receive a lessFthanFsatisfactory rating on his or her annual evaluation shall receive a base rate increase of one and three quarters percent (1.75%) as an equal dollar amount determined by dividing the amount equal to 1.75% of the total unit salaries on each campus by FTE on June 28, 2014. B. Effective the first pay period in January 2015, each bargaining unit member who is on the payroll as of December 27, 2014, and who does not receive a lessFthanF satisfactory rating on his or her annual evaluation shall receive a base rate increase of one and three quarter percent (1.75%) as a percentage of such unit member’s salary on December 27, 2014. C. Effective December 31, 2014, an amount equal to 0.25% of the total salaries of all nonFgrant or contract funded members of the bargaining unit, shall be available to address economic issues of the bargaining unit as agreed upon by both the Union and the Administration on each campus. Year Two: D. Effective the first pay period in July 2015, each bargaining unit member who is on the payroll as of June 27, 2015, and who does not receive a lessFthanFsatisfactory rating on his or her annual evaluation shall receive a base rate increase of one and three quarters percent (1.75%) as a percentage of such unit member’s salary on June 27, 2015. E. Effective the first pay period in January 2016, each bargaining unit member who is on the payroll as of December 26, 2015, and who does not receive a lessFthanF satisfactory rating on his or her annual evaluation shall receive a base rate increase of one percent (1.0%) as a percentage of such unit member’s salary on December 26, 2015. F. Effective the first pay period in January 2016, an amount equal to three quarters percent (0.75%) of aggregate bargaining unit wages calculated after the implementation of 31.1E shall be available as a base rate merit pool. G. Effective December 31, 2015, an amount equal to 0.25% of the total salaries of all nonFgrant or contract funded members of the bargaining unit, shall be available to address economic issues of the bargaining unit as agreed upon by both the Union and the Administration on each campus. Year Three: H. Effective the first pay period in July 2016, each bargaining unit member who is on the payroll as of June 25, 2016, and who does not receive a lessFthanFsatisfactory rating on his or her annual eval...
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Related to Salary Increases Year One

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increase Effective December 1, 2015, salary rates shall be increased by 2.25%.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

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