Common use of Supplemental Pay Clause in Contracts

Supplemental Pay. Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2023 Total Compensation Survey will receive the equivalent of the July 2024 GSI in Paragraph (1), above, as follows: one percent (1%) as a GSI and the remainder as a supplemental payment. Supplemental Pay will be paid as described in Section V.1.A(4).

Appears in 1 contract

Samples: Memorandum of Understanding

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Supplemental Pay. Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2023 Total Compensation Survey will receive the equivalent of the July 2024 2023 GSI in Paragraph (1), above, as follows: one percent (1%) as a GSI and the remainder as a supplemental payment. For example, if the GSI is 5%, the employee will receive a 1% GSI and the Supplemental Pay will be equivalent to 4%. Supplemental Pay will be paid as described in Section V.1.A(4).

Appears in 1 contract

Samples: Memorandum of Understanding

Supplemental Pay. Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2023 2025 Total Compensation Survey will receive supplemental payments equivalent to the 2026 GSI in Paragraph (1), above. Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2025 Total Compensation Survey will receive the equivalent of the July 2024 2026 GSI in Paragraph (1), above, as follows: one percent (1%) as a GSI and the remainder as a supplemental payment. Supplemental Pay will be paid as described in Section V.1.A(4).

Appears in 1 contract

Samples: Memorandum of Understanding

Supplemental Pay. β€Œ Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2023 2025 Total Compensation Survey will receive the equivalent of the July 2024 2025 GSI in Paragraph (1), above, above as follows: one percent (1%) as a GSI and the remainder as a supplemental payment. For example, if the GSI is 4%, the employee will receive a 1% GSI and the Supplemental Pay will be paid as described in Section V.1.A(4)equivalent to 3%.

Appears in 1 contract

Samples: Memorandum of Understanding

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Supplemental Pay. Each employee in a classification which was five percent (5%) or more above the 80th percentile in the 2023 2025 Total Compensation Survey will receive the equivalent of the July 2024 2026 GSI in Paragraph (1), above, above as follows: one percent (1%) as a GSI and the remainder as a supplemental payment. For example, if the GSI is 4%, the employee will receive a 1% GSI and the Supplemental Pay will be equivalent to 3%. Supplemental Pay will be paid as described in Section V.1.A(4V.1.B(4).

Appears in 1 contract

Samples: Memorandum of Understanding

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