Pay increase definition

Pay increase means a periodic step or percentage increase in pay within the pay range for the class based on time spent, performance, or both.
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Pay increase means an increase in pay within the pay range.
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Pay increase means an increase in the employee’s annualized earnings in his new classification as compared with what the employee’s annualized earnings would have been in the old classification. The employee shall be eligible to move to the next available step one year from the date of promotion.
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Examples of Pay increase in a sentence

  • For an employee in L1, L2, L3 or L4, where the Performance Pay increase that would be awarded is restricted by the job rate, or by the top of the range and promotion is not warranted, the employee’s salary will be increased to the top of the range, and the balance will be paid as a performance bonus to the employee.

  • Pay increase assumptions for individual active members are shown on page 39.

  • This form is used to promote uniformity in matters affecting: • Positions Title and Classification (i.e., Demotion or Promotion), • Annual Salary (i.e., Pay increase or decrease), and • Other actions affecting the employee’s status (i.e., separation).

  • Variable and Merit Pay increase will be calculated using a combination of individual performance and organizational performance.

  • Pay increase to commence on the first day of a pay period which falls closest in time to the date scheduled for the increase.

  • An employee, upon completion of a minimum pay increase eligibility period, may receive a periodic increase in base pay that is within the pay grade and pay plan of the class to which the employee is assigned.a. Pay increase eligibility periods.

  • Where the Total Base Pay increase percentage results in an employee’s base pay exceeding the maximum rate for Zone 4, the maximum rate for Zone 4 will apply as the employee’s new base pay.

  • An employee, upon completion of a minimum pay increase eligibility period, may receive a periodic step or percentage increase in base pay that is within the pay grade and pay plan of the class to which the employee is assigned upon completion of a minimum pay increase eligibility period.a. Pay increase eligibility periods.

  • Such employees also shall receive a Longevity Pay increase in pay in accordance with the following schedule, commencing on the next October 1 that is at least six (6) months after the fifth anniversary of their Civil Service employment and on each October 1 thereafter so long as they remain continuously employed.

  • Pay increase assumptions for individual active members are shown on page 32.


More Definitions of Pay increase

Pay increase means any increase in salary or compensation that is given on an annual basis for performance, longevity, or cost-of-living increases."
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Related to Pay increase

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

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

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

  • 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.

  • 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)).

  • 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;

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • 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.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

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

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

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

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

  • 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.

  • Increase Amount is defined in Section 2.3(a).

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

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

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Capital Increase shall have the meaning specified in Section 2.1.

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