Transitional Wage Increases Sample Clauses

Transitional Wage Increases. 12 A. Upon ratification of this amendment, employees covered by this 13 Agreement shall have their years in position (YIP) computed to the 14 nearest 1/100th as of October 1, 2019. This value shall serve as the 15 basis for determining an employee’s Market Threshold and the total 16 value of his/her Transitional Wage Increase. Market Threshold shall be 17 computed as follows: 18  (New pay grade midpoint – new market minimum) ÷ 7 = value of 19 one full year in position (YIP). 20  In computing the Market Threshold, ‘new market minimum’ shall 21 mean the 9/20/21 minimum shown in Exhibit 1. 22  Employee’s YIP x value of one full year in position = Market 23 Threshold, limited by the new pay grade midpoint. 24 B. Employees hired on or after September 29, 2019 shall not be eligible 25 for Transitional Wage Increases described in this paragraph (40.3). 26 Employees hired on or after September 29, 2019 shall only be eligible 27 for Merit Increases, or an increase to the new fiscal year minimum, 28 whichever is greater, on October 5, 2020, depending on date of hire, 29 as described in section 40.2 above. The merit increase will be 30 prospective upon satisfactory completion of probation, and/or on 31 January 11, 2021 (for satisfactory rating for Fiscal Year 2020). 1 Employees hired on or after October 5, 2020 shall not be eligible for 2 increases provided in this paragraph (40.3). 3 C. Except as provided in 40.3.E. below, an eligible employee’s 4 Transitional Wage Increase shall be equal to the difference between 5 his/her base salary as of October 1, 2019, and his/her Market 6 Threshold, limited by the new pay grade midpoint, as described in 7 Exhibit 1. 8 D. The Transitional Wage Increase, if any, will be added to any eligible 9 employee’s base rate of pay in three installments, as provided in 10 Table 1. 11 E. In the event an otherwise eligible employee’s initial computed 12 installment of the Transitional Wage Increase is less than 4% of 13 their individual base rate of pay, he/she shall receive a base rate 14 increase equal to 4% for the first installment. In addition, such 15 employees shall receive base rate increases as provided in Table 17 F. There shall be no Transitional Wage Increases after September 18 2021, and no Transitional Wage Increases beyond the term of this 19 Agreement, unless and until there is an Agreement in effect 20 providing for such increases. 21 G. Employees who are eligible for a Transitional Wage Increase, and 22 who promote duri...
Sample 1
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Transitional Wage Increases. A. Employees covered by this Agreement, employed on or before October 1, 2019, shall have their years in position (YIP) computed to the nearest 1/100th as of October 1, 2019. This value shall serve as the basis for determining an employee’s Market Threshold and the total value of his/her Transitional Wage Increase. Market Threshold shall be computed as follows:  (New pay grade midpoint – new pay grade minimum) ÷ 7 = value of one full year in position (YIP).  (Employee’s YIP x value of one full year in position) + new pay grade minimum = Market Threshold, limited by the new pay grade midpoint. Police Lieutenant Annualized $ 72,312.00 $ 90,390.00 $ 108,468.00 *Only to be used for computation of Market Threshold. Table 1 B. Employees appointed to a Lieutenant position after October 7, 2019 shall not be eligible for Transitional Wage Increases described in this paragraph. C. An eligible employee’s Transitional Wage Increase shall be equal to the difference between his/her base salary at time of ratification and his/her Market Threshold, limited by the new pay grade midpoint. D. The Transitional Wage Increase, if any, will be added to any eligible employee’s base rate of pay in three installments, as provided in the table below, but only if such increases would place an employee at a higher rate of pay then she/he would otherwise be as a result of adjustments provided in paragraphs 27.2 or 27.4. E. Employees participating in the DROP may receive Transitional Wage Increases up to the maximum of the pay range as it existed the day they entered the DROP. F. There shall be no Transitional Wage Increases after January 2022, and no Transitional Wage Increases beyond the term of this Agreement, unless and until there is an Agreement in place that provides for such increases. Transitional Wage Increases Effective Date Basis First Installment First full pay period following ratification Transitional Wage Increase/3 Second Installment January 4, 2021 Transitional Wage Increase/3 Third Installment January 3, 2022 Transitional Wage Increase/3
Sample 1
Transitional Wage Increases. 6 A. Employees covered by this Agreement, employed on or before 7 October 1, 2019, shall have their years in position (YIP) computed 8 to the nearest 1/100th as of October 1, 2019. This value shall serve 9 as the basis for determining an employee’s Market Threshold and 10 the total value of his/her Transitional Wage Increase. Market 11 Threshold shall be computed as follows: 12  (New pay grade midpoint – new pay grade minimum) ÷ 7 = 13 value of one full year in position (YIP).
Sample 1

Related to Transitional Wage Increases

  • General Wage Increases Effective and retroactive to July 1, 2021, the annual base salary shall be increased by 2.5% for all active employees. 2.5% shall be extended and retroactive to employees who retired and terminated/separated in good standing with 10 years or more of state service on or after 07/01/2021. Effective 07/01/2022 the annual base salary shall be increased by 2.5% for all active employees. Effective 07/01/2023 the annual base salary shall be increased by 2.5% for all active employees. **Wage reopener for 2024 – 2025 (for effective date July 1, 2024).

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • 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 Increments ‌ 12.1 Employees will proceed to the maximum of their salary range by annual increments, after 12 months’ continuous service at each increment point, unless there is an adverse report on the Employee's performance or conduct which recommends the non-payment of an annual increment. 12.2 The following process will apply where a report on an Employee’s performance or conduct recommends the non-payment of an annual increment: (a) The Employee will be shown the report prior to completing 12 months’ continuous service since their last incremental advance; (b) The Employee will be provided with an opportunity to comment in writing; (c) The Employee’s comments will be considered immediately by the Employer and a decision made as to whether to approve the payment of the increment or withhold payment for a specific period; and (d) Where the increment is withheld, the Employer before the expiry of the specified period will complete a further report and the above provisions will apply. 12.3 The non-payment of an increment will not change the normal anniversary date of any further increment payments. 12.4 For the purposes of this clause "continuous service", except where an increment is payable according to age, will not include any period: (a) exceeding 14 calendar days during which an Employee is absent on Leave Without Pay. In the case of leave without pay which exceeds 14 calendar days the entire period of such Leave Without Pay is excised in full; (b) which exceeds six (6) months in one continuous period during which an Employee is absent on workers' compensation. Provided that only that portion of such continuous absence which exceeds six (6) months will not count as "continuous service"; and (c) which exceeds three (3) months in one (1) continuous period during which an Employee is absent on Personal Leave without pay. Provided that only that portion of such continuous absence which exceeds three (3) months will not count as "continuous service".

  • Price Increases This section applies to pricing not Benchmarked to GSA Supply Schedule. Additionally, where pricing submitted for Services is not benchmarked to an approved GSA Supply Schedule:

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Integration; Amendment This Agreement constitutes the entire agreement of the Parties relating to the subject matter hereof. There are no promises, terms, conditions, obligations, or warranties other than those contained herein. This Agreement supersedes all prior communications, representations, or agreements, verbal or written, among the Parties relating to the subject matter hereof. This Agreement may not be amended except in writing.

  • Promotion Increases (a) Promotion salary increases shall be granted in an amount equal to 9.0% of the employee’s previous year’s base salary rate in recognition of promotion to one of the ranks described below: (1). To Associate in , and Assistant University Librarian; (2). To Associate Professor, Associate Scholar/Scientist/Engineer, and Associate University Librarian; and

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