Timing of Annual Adjustments Sample Clauses

Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). Annual Adjustment Extraordinary Adjustment Total Adjustment Base Adjustment Continuous Improvement Incentive (A) (B) (C) (D) Quality Productivity Safety Cost Reduction Annual % change in CPI 0 or 0.25 0 or 0.25 0 or 0.25 0 or 0.25 +/- % A = Annual % change in CPI B = 0.25% for meeting each target (Quality, Productivity, Safety, Cost Reduction) C = +/- an amount not to exceed A+B D = Total Annual Adjustment Unless the ERRC determines otherwise, the Annual Adjustment and Continuous Improvement Incentive will be implemented on January 1 of each year. The parties recognize and agree that a transitional wage adjustment may be implemented should a Division become subject to the terms of this Agreement prior to their next full annual adjustment date. The adjustment shall commence in the first pay period following each Division’s annual adjustment date, and on the applicable anniversary date thereafter.
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Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). Annual Adjustment Extraordinary Adjustment Total Adjustment Base Adjustment Continuous Improvement Incentive (A) (B) (C) (D) Quality Productivity Safety Cost Reduction Annual % change in CPI 0 or 0.25 0 or 0.25 0 or 0.25 0 or 0.25 +/- % A = Annual % change in CPI B = 0.25% for meeting each target (Quality, Productivity, Safety, Cost Reduction) C = +/- an amount not to exceed A+B D = Total Annual Adjustment 11/147/173 Unless the ERRC determines otherwise, the Annual Adjustment and Continuous Improvement Incentive will be implemented on January 1 of each year. The parties recognize and agree that a transitional wage adjustment may be implemented should a Division become subject to the terms of this Agreement prior to their next full annual adjustment date. The adjustment shall commence in the first pay period following each Division’s annual adjustment date, and on the applicable anniversary date thereafter. 11/147/173 Employees normally work an eight-hour day, five days per week with a 30-minute unpaid lunch break and two 10-minute paid rest periods. Employees that work beyond nine (9) hours will be provided an additional ten (10) minute break to be taken at the end of the ninth hour. Unless otherwise scheduled, the regular work-week is from Monday to Friday. These shifts may change to meet customer demand or for other business reasons. Employees will be given at least five (5) days advance notice, whenever possible. In some cases Employees may have to work special or staggered hours. When scheduling changes become necessary they will be discussed with Employees and the Employee Advocate and shall be implemented with as much advance notice as possible. Nothing in this Article is to be construed as a guarantee of any number of hours of work per day or days of work per week. For the purpose of determining shift premium, the first shift is any shift that regularly starts on or after 4:00 a.m. but before 11:00 a.m. The second shift is any shift that regularly starts on or after 11:00 a.m. but before 7:00 p.m. The third shift is any shift that regularly starts on or after 7:00 p.m. but before 4:00 a.m. Prior to the introduction of an alternate work schedule the parties will discuss in advance the shift hours, start times and other scheduling issues related to t...
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Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). A = Annual % change in CPI B = 0.25% for meeting each target (Quality, Productivity, Safety, Cost Reduction) C = +/- an amount not to exceed A+B D = Total Annual Adjustment Unless the ERRC determines otherwise, the Annual Adjustment and Continuous Improvement Incentive will be implemented on January 1 of each year. The parties recognize and agree that a transitional wage adjustment may be implemented should a Division become subject to the terms of this Agreement prior to their next full annual adjustment date. The adjustment shall commence in the first pay period following each Division’s annual adjustment date, and on the applicable anniversary date thereafter.
Sample 1

Related to Timing of Annual Adjustments

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Company asset, pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Unit Holder in complete liquidation of such Unit Holder’s interest in the Company, the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Unit Holders in accordance with their interests in the Company in the event Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Unit Holder to whom such distribution was made in the event Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Payment Adjustments Notwithstanding anything to the contrary in this Article 3, any payment pursuant to this Article: (a) shall be subject to (i) any delay in payment or reduction required by Section 5.2 hereof, and (b) shall be subject to a set-off equal to the gross amount of any current or deferred compensation, including wages, salary, fees, benefits, tangible or intangible property or ownership rights or interests or other property rights, received by Executive or which he becomes entitled to receive in the future as remuneration for services to any Person, business or other entity as a result of, or in exchange for, any work or services performed, or any intellectual property conveyed by Executive, during the Restricted Period (“Remuneration”), provided that the foregoing provision shall in no way limit or impair Executive’s obligations or the Bank’s rights under Article 3 or Article 4 of this Agreement. Executive understands and agrees that the Bank’s set-off rights will accrue, and any set-off pursuant to this provision will be applied to any non-compete payments due (or previously paid or accrued), after the earlier of Executive’s receipt or accrual of Remuneration (the Set-off Date), and if Executive is not entitled to further payments under this Agreement, Executive agrees to refund the setoff amount in full to the Bank within fourteen (14 days) of Executive’s Certification reporting such remuneration or the Set-off Date, whichever is later.

  • 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.

  • Rounding of Calculations; Minimum Adjustments All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one- hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Determination of Adjustments If any questions will at any time arise with respect to the Exercise Price or any adjustment provided for in Section 4.8, such questions will be conclusively determined by the Company’s Auditors, or, if they decline to so act any other firm of certified public accountants in the United States of America that the Company may designate and who will have access to all appropriate records and such determination will be binding upon the Company and the Holders of the Warrants.

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