Upon Ratification Retroactivity Clause Samples

Upon Ratification Retroactivity. Predecessor Board salaries will be increased to the rates set out in Schedule A, retroactive to 1999 September 30 for employees on the payroll as of the date of ratification. Employees on the payroll as of the date of ratification whose salaries do not require an adjustment of more than 25 cents per hour shall be paid a lump sum one time payment of $950.00 for twelve (12) month employees and $650.00 for ten (10) month employees, pro -rated for those hired after September 01, 1999. 55 Retroactivity on harmonization of salaries will be paid as soon as is reasonably possible.