Salary adjustment definition

Salary adjustment means an increase (or decrease) in salary.
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Salary adjustment means an increase (or decrease) in salary, or salary adjustment as a result of the “Additional Compensation Fund”(ACF).
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Salary adjustment. A change in salary outside the merit salary program required to establish either internal or external equity for a given position. Separation: Resignation, discharge, layoff, retirement, death, and/ or removal from the payroll because of disability (as distinguished from disability absence where the Employee is not removed from the payroll).
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Examples of Salary adjustment in a sentence

  • Salary adjustment for increased training will be made throughout the contract year, but not later than the May pay cycle.

  • Salary adjustment shall be made retroactive to the effective date of hire.

  • To determine the adjusted Base Salary using the CPI, the Base Salary shall be multiplied by a fraction, the numerator of which shall be the CPI published for the December of the year immediately preceding the date of the Base Salary adjustment (the "First Adjustment Year"), and the denominator of which shall be the CPI published for the December of the year immediately preceding the First Adjustment Year.

  • Salary adjustment in respect of improved salary status claimed in writing before November 1, and proved before the succeeding January 1, shall take effect from the preceding September 1.

  • Salary adjustment in respect of improved salary status claimed in writing before March 1, and proved before the succeeding May 1, shall take effect from the preceding January 1.

  • To determine the amount of the increase in Base Salary using the CPI method, the Base Salary shall be multiplied by a fraction, the numerator of which shall be the CPI most recently published on the month immediately preceding the date of the Base Salary adjustment, and the denominator of which shall be the CPI in effect on the last day in June of the immediately preceding year.

  • Salary adjustment details: Teachers/counselors/nurses who would have earned a higher salary in the next step on the 2018-2019 salary schedule will receive a salary adjustment to offset the difference.

  • If at any time required for the determination of the Annual Base Salary adjustment as above described, the Index is no longer published or issued, the parties shall use such other index as is then generally recognized or accepted for similar determinations of purchasing power.

  • If at any time at which the determination of the Base Annual Salary adjustment is required the Index is no longer published or issued, the parties shall use such other index as is then generally recognized or accepted for similar determinations of purchasing power.

  • To determine the adjusted Base Salary using the CPI, the Base Salary shall be multiplied by a fraction, the numerator of which shall be the CPI published for the December of the year immediately preceding the date of the Base Salary adjustment (the “First Adjustment Year”), and the denominator of which shall be the CPI published for the December of the year immediately preceding the First Adjustment Year.


More Definitions of Salary adjustment

Salary adjustment means any change in salary, resulting from
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Salary adjustment means a salary change resulting from-
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Salary adjustment as set forth in Section 3(a)(ii) of the Agreement have no further force or effect.
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Related to Salary adjustment

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • MFN Adjustment has the meaning specified in Section 2.14(b).

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Spread Adjustment means 100 basis points.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.