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

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.

Examples of Increment in a sentence

• This will include designing an effective strategic plan for identifying funding sources such as federal and state level grants; local revenue sources such as local sales taxes, shared costs and joint agreements, Tax Increment Financing (TIF) and special assessment districts, and direct user charges; and private and philanthropic sources such as impact investing & environmental impact bonds, public-private partnerships, and community, corporate, and private family foundation grants.

• Pursuant to Sections 17C-5-202(1) and 204 of the Act and Section 00-00-000 of the Cooperation Act, the District hereby agrees and consents that the Agency shall be paid seventy (70%) of the District Tax Increment generated within the Project Area, as described herein.

• The Agency is authorized to begin collection of the District Tax Increment from a particular parcel upon written notice to the District prior to the beginning of the tax year for which the Agency desires to collect the District Tax Increment.

• Notwithstanding anything to the contrary herein, the Agency may collect one hundred percent (100%) of the District Tax Increment generated from each tax parcel within the Project Area for a period of not more than twenty (20) years.

• For purposes of this Agreement, the Tax Increment generated from each tax parcel includes taxes generated from and assessed against the real property and any personal property located on such parcel.

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.