Anniversary Increment definition

Anniversary Increment. The one percent anniversary increments provided to classified employees will be applied to the previous year's salary with prior year increments already included. The District will implement one-time longevity bonuses for employees as follows: 11th year ($150), 16th year ($300), 21st year ($500), 26th year and every five years thereafter ($700).
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Anniversary Increment. 2: paid per year after completion of 18 years of teaching experience, 13 of which are in the CUHSD. Anniversary increment #3: paid per year after completion of 21 years of teaching experience, 16 years of which are in the CUHD. Anniversary increment #4: paid per year after completion of 24 years of experience, 19 years of which are in the CUHSD. Anniversary increment #5: paid per year after completion of 27 years of service, 22 years of which are in the CUHSD. Anniversary increment #6: paid per year after completion of 30 years of teaching experience, 25 of which are in the CUHSD. Anniversary increment #7: paid per year after completion of 33 years of teaching experience, 28 of which are in the CUHSD.
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Anniversary Increment. A step increase will be given at the beginning of each fiscal year except for those who have not rendered more than four (4) months of satisfactory service. After a unit member reaches the maximum established for his/her classification, he/she shall be paid a one percent (1%) increment after each additional year of service, until officially retired.
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Examples of Anniversary Increment in a sentence

  • Definition The Anniversary Increment is recognition of employees who, in positions requiring certification, have given satisfactory service to the District and community for many years.

  • The Company gives two Increments (i.e. Financial Year Increment & Anniversary Increment) to an Employee in a Particular Year.The Employee must have Completed 1 Year to be Eligible for the Financial Year Increment.

  • The Employee who are joining in the month of Financial Year Change (i.e. April) are considered as the Luckiest Employee's, because after completion of 1 Year, they get Two Increments(Financial Year Increment & Anniversary Increment).

  • Rate of Interest for the Anniversary Increment = 12%.From 4th Year, the Financial Year Increment will be revised to 9%.

  • An Employee's initial "Anniversary Increment Date" is the date on which the Employee has accumulated the equivalent of one (1) year of service (excluding overtime hours) since his/her original date of hire.

  • If the Employee's temporary or casual employment is not used to arrive at a step placement greater than step 1, the Anniversary Increment Date will be established as one (1) year of service (excluding overtime hours) from the original date of hire.

  • In this situation, the Employee’s Anniversary Increment Date will be established as one (1) year of service from the appointment or reclassification date.

  • In those instances, the salary adjustment will be approved by the Personnel Committee and if necessary, the Authority Board based upon a recommendation from the Executive Director.404.5 An Anniversary Increment will be applied to an employee’s base rate as follows.

  • Where a temporary or casual Employee is appointed to a position in accordance with Clause 24.1(a) or (c) and their temporary or casual employment has been used in the determination of a step placement greater than step 1 under Clause 24.2.2 or 24.2.3; the Employee's Anniversary Increment Date will be established as one (1) year of service (excluding overtime hours) from the appointment date.

  • Anniversary Increment Dates shall occur after the completion of one (1) year of service (excluding overtime hours) from the Employee's previous Anniversary Increment Date, except when an Employee has been appointed or reclassified to a classification that results in a salary increase equal to or greater than two steps in the original classification.


More Definitions of Anniversary Increment

Anniversary Increment. A step increase will be given at the beginning of each fiscal year except for those who have not rendered more than four (4) months of satisfactory service.
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Related to Anniversary Increment

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Annual increase means, initially, fifty-nine cents per month

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Commitment has the meaning specified in Section 2.14(a).

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Tax Increment means the difference between:

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.