Step Increase for Unit Sample Clauses
The "Step Increase for Unit" clause establishes a schedule for incremental increases in the price or rent of a specific unit over time. Typically, this clause outlines predetermined dates and corresponding amounts or percentages by which the payment for the unit will rise, such as annual rent increases in a lease agreement. Its core practical function is to provide predictability and transparency for both parties regarding future financial obligations, thereby reducing disputes and ensuring both sides can plan for changes in costs.
Step Increase for Unit. R-2 Employees When an employee in ▇▇▇▇ ▇-▇ has worked one thousand forty (1040) satisfactory hours without terminating his or her service with the City or being terminated from his or her service with the City, such employee shall be moved to the next higher salary step within his or her present classification on the first day of the payroll period following completion of said one thousand forty (1040) hours. Non-career Unit R-2 employees who become Career ▇▇▇▇ ▇-▇ employees will receive their step increase following their appointment to career status after completing the 1040 hours. Subsequently, they will receive step increases on an annual basis from the date of the above increase. Employees shall receive no more than one (1) step increase in any year.
Step Increase for Unit. R-2 Employees