Increment definition

Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.

Increment means that part of the assessed value of a taxing district attributable to any increase in the assessed value of the property located in an urban renewal area, or portion thereof, over the assessed value specified in the certified statement.

Increment means twelve (12) months of service credit which are purchased. The

Examples of Increment in a sentence

• The Office of Management and Budget in each year following the Activation Date, prior to the Time of Payment pursuant to Section 3.6 of this Agreement, shall calculate the Released Amount, which shall be a sum equal to one hundred percent (100%) of the Real Estate Tax Increment.

• The Authority agrees that it will not take any action in such manner or to such extent as might materially prejudice the security for the payment of the Bonds according to the terms thereof, including the giving of consents to actions by others and material amendments to the City Cooperation Agreement, the Tax Increment Agreements, the Redevelopment Agreement or the Urban Renewal Plan.

• The Office of Management and Budget in each year following the Activation Date, prior to the Time of Payment pursuant to Section 3.6 of this Agreement, shall calculate the Real Estate Tax Increment, which shall be an amount equal to the New Real Estate Tax Revenue calculated pursuant to Section 4.2 of this Agreement minus the Old Real Estate Tax Revenue calculated pursuant to Section 4.1 of this Agreement.

More Definitions of Increment

Increment means twelve (12) months of service credit which are purchased. The twelve (12) months need not be consecutive. The final increment may be less than twelve (12) months;

Increment means for all Employees an increase in salary from one Paypoint to the next highest Paypoint.

Increment or “pay increment” is a salary increase from one salary step to the next higher step in the range of rates for any one of the classification levels in the Schedule of Pay (« augmentation » ou « augmentation de traitement »);

Increment means an annual salary increase prescribed by a previous award.

Increment means the difference between one (1) step of an employee’s assigned pay range and the immediate next greater step of the same pay range.

Increment means the specific level of remuneration payable to employees above the minimum rate within a Classification Level.

Increment means an increase in the rate of pay for an employee to the next higher rate of pay in the pay range for the employee’s classification.