Selective Market Adjustment Sample Clauses
The Selective Market Adjustment clause allows for targeted changes to contract terms in response to specific market fluctuations or conditions. Typically, this clause enables parties to adjust prices, delivery schedules, or other key terms only for certain products, services, or markets affected by significant changes, rather than applying a blanket adjustment across the entire agreement. Its core practical function is to provide flexibility and fairness by ensuring that only the impacted portions of the contract are modified, thereby preventing unnecessary or disproportionate changes and helping both parties manage risk in volatile market environments.
Selective Market Adjustment. Effective July 1, 2019 the following classifications shall be adjusted as indicated below: C6138 Health Services Technician 17 19 C6214 Institutional RN 28N 30N C6783 Correctional Counselor 25 26 Effective July 1, 2019 employees will retain their current salary rate in the new range except that employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step in the new range and a new salary eligibility date would be established twelve (12) months from the effective date of the selective salary adjustment. For an employee whose rate is within the new salary range but not at a corresponding step, the employee’s salary shall be adjusted to the next higher rate closest to the employee’s current salary rate.
Selective Market Adjustment. Effective July 1, 2021, unless otherwise noted below, the following classifications shall be adjusted as indicated below: C4032 Facility Energy Technician 1 16 18 C4034 Facility Energy Technician 3 24 26 C4035 Facility Energy Technician 4 26 29 C6775 Correctional Officer 17 18 (Effective 1/1/22) C6776 Correctional Corporal 18 19 (Effective 1/1/22) C6777 Correctional Sergeant 20 21 (Effective 1/1/22) Employees will retain their current salary rate in the new range except that employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step in the new range and a new salary eligibility date would be established twelve (12) months from the effective date of the selective salary adjustment Registered Nurse, Nurse Practitioner, Physicians Assistant shall have at least the bottom three (3) salary steps removed from the compensation plan.
Selective Market Adjustment. Effective January 1, 2019, the following classifications shall be adjusted as indicated below: Class # Classification Title From To 6775 Corrections Officer 17 18 6776 Corporal 18 19 6777 Sergeant 20 21 The new top step for each classification shall be six percent (6%) increase from the old top step to the new top step. Effective January 1, 2019, all employees will retain their current salary rate in the new range except that employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step in the new range and a new salary eligibility date will be established twelve (12) months later. For an employee whose rate is within the new salary range, but not a corresponding salary step, his/her salary shall be adjusted to the next higher rate closest to his/her current salary, effective January 1, 2019.
Selective Market Adjustment. Effective January 1, 2019, increase all pay rates for the Corrections Officer, Corporal and Sergeant classifications by two percent (2%).