Effective December. 28, 2019: 1.00% 78.c. Effective July 1, 2020, represented employees will receive a base wage increase of 3.0%, except that if the March 2020 Joint Report, prepared by the Controller, the X xxxx’s Budget Director, and the Board of Supervisors’ Budget Analyst, projects a budget deficit for fiscal year 2020-2021 that exceeds $200 million, then the base wage adjustment due on July 1, 2020, will be delayed by approximately six (6) months, to be effective December 26, 2020.
Effective December. 31, 1992, HEI merged into HEHC, and as a result thereof, the Company became a direct majority-owned subsidiary of HEHC. Also effective as of December 31, 1992, GET and ERSI merged into the Company and, as a result thereof, the separate existence of GET and ERSI ceased and all of their respective assets and liabilities became vested in the Company. Such merger had no effect on the consolidated financial statements or results of operations of the Company. Industry Natural gas compressors generally do not suffer significant technological obsolescence, so that the useful life of a compressor is based primarily on its mechanical integrity. The useful life of a compressor may also be extended by refurbishing or overhauling the compressor at regular intervals of approximately five to six years. Refurbished or overhauled compressors may be leased at prices substantially similar to new compressors. The gas compressor industry services both independent producers and major natural gas producers, as well as pipeline, gathering and transmission companies, and is substantially dependent on the natural gas industry. The Company believes that independent producers currently account for a substantial portion of the natural gas industry. The Company also believes that independent gas producers are now accounting for an increasing portion of the natural gas produced in the United States relative to that produced by major integrated energy producers and that independent producers are more likely to lease compressors from third parties such as the Company as a result of restraints on their ability to make the large capital expenditures necessary to purchase compressors. The Company believes that the market for natural gas compressors is driven by a variety of factors, including, without limitation, (i) the price of natural gas, (ii) the age of particular gas xxxxx, (iii) the relative price of natural gas to the price of oil or other alternative energy sources and (iv) the season. All other things being equal, the gas compression industry is generally benefited by either an increase in gas prices, which generally results in the development of new xxxxx, fields and pipeline systems and a corresponding increase in demand for compression, or by a decrease in natural gas prices, which results in outsourcing by independent producers and an increase in the need for leased compression. Increases in the age of natural gas xxxxx also has a positive impact on the gas compression industry...
Effective December. [handwritten text "by BHC"] 1, 2008, the following Articles and Exhibits are revised or added to provide reinsurance terms for the Advisor VUL and Excel Performance VUL plans:
Examples of Effective December in a sentence
Effective December 29, 2014, the differential shall be increased to $.34/$.38 per hour.
Effective December 30, 2013, the differential shall be increased to $.33/$.37 per hour.
Effective December 19, 2005, employees who have satisfactorily attained the intermediate P.O.S.T. Certificate shall be compensated at a rate of two and one-half percent (2½%) above their base salary.
Effective December 28, 2015, the differential shall be increased to $.35/$.39 per hour.
Section 19.1 Effective December 26, 2020 the rates ofpay ofDispatchers will be increased two (2%) percent.