Salary Increase definition

Salary Increase means an increase in Base Salary within the salary scale corresponding to the Staff member’s current position and grade.

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Salary Increase for this purpose shall mean an employee who has been assigned a permanent and significant increase in duties and responsibilities as demonstrated by the employee’s performance program.

Salary Increase. As approved by BOD annually as Company grows. Signing bonus: 300,000 shares, tax paid, with value fixed at $0.16 (60 percent of average 30 day market price, with discount to reflect lack of marketability for at least 2 years due to securities law restrictions. Conversion of debt: $200,000 in outstanding accrued salary to be converted into preferred stock on the basis of $1.00 of accrued salary for one share of $1.00 par value convertible, redeemable preferred stock. Neptune will assume the tax burden on the conversion. Terms of the preferred will be:

Examples of Salary Increase in a sentence

• All employees shall receive notice of their salary increases on the Salary Increase Notification Form attached as an Appendix to this Agreement not later than two weeks prior to implementation of the salary increases described in this article.

• A General Salary Increase is understood to be an across-the-board percentage increase, in the same amount, for all employees in that bargaining unit.

• This General Salary Increase shall be distributed "across the board".

• These changes will be effective as of the date of the General Salary Increase in each fiscal year of this Agreement.

• To be eligible for a Base Salary Increase, a Certified Staff member must have received a Performance Evaluation Rating of effective or highly effective for the prior school year (“Eligible”).

• The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding.

• A General Salary Increase (GSI) is a percentage increase applied to the minimum and maximum rate on the new salary schedule for all bargaining unit classifications and to the individual salary rates of all bargaining unit members.

• A General Salary Increase (GSI) is a negotiated percentage increase applied to the minimum and maximum rate on the salary schedule for all bargaining unit classifications and to the individual salary rates of all employees who are actively employed or in leave status on the effective date of the increase.

• The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding for consideration and approval by the University of Alaska President.

• If funds are made available, a joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool.

More Definitions of Salary Increase

Salary Increase means the amount, if any, by which a Participant’s Salary for any year may be increased over the Base Salary amount in effect on January 1 of such year.

Salary Increase. Any increase in salary to which the individual is entitled by reason of reclassification will be made effective at the beginning of the payroll period following submission of all required documents. However, retroactive salary adjustments shall not exceed forty-five (45) days.

Salary Increase. Effective July 1, 2019, Salary Schedules shall be increased by three percent (3.0%). 2020-2021 and 2021-2022:

Salary Increase means the Executive is due a Salary Increase of at least _____% annually, to be effective on the paycheck containing the Executive’s anniversary date or pro-rated to common salary increase date, should one exist.

Salary Increase for this purpose shall mean an increase in a professional employee’s basic annual salary, without a change in salary grade or title, resulting from a permanent and significant increase in duties and responsibilities as demonstrated by the employee’s performance program.