Base Salary Increase Sample Clauses
The Base Salary Increase clause establishes the conditions under which an employee’s base salary may be raised during their employment. Typically, this clause outlines the timing, criteria, or process for salary reviews, such as annual performance evaluations or company-wide adjustments, and may specify whether increases are discretionary or tied to specific benchmarks. Its core practical function is to provide transparency and predictability regarding compensation growth, helping both employer and employee understand when and how salary adjustments can occur.
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Base Salary Increase. At each annual anniversary of the Agreement, the Base Salary shall be increased at the greater of three percent (3%), or as recommended by the Compensation Committee of the Board of Directors.
Base Salary Increase. 2021-2022
Base Salary Increase. At each annual anniversary of the Agreement, the Base Salary shall be increased at the greater of three percent (3%), or the prior year-end annual percentage increase in EBITDA as reported in the SEC 10K filing.
Base Salary Increase. Paragraph 3(a)(i) of the Original Agreement is hereby amended so that, effective for pay periods beginning on and after September 23, 2013, the Executive’s annual base salary of Three Hundred Sixty Thousand Dollars ($360,000.00) shall be increased by 5% to an annual base salary of Three Hundred Seventy-Eight Thousand Dollars ($378,000.00).
Base Salary Increase. A. General Eligibility - To be eligible for a salary increase, a teacher must meet one of the following criteria:
1. Except as provided in #2 below, a teacher who received an evaluation rating of ineffective or improvement necessary in the prior school year is not eligible for any salary increase.
2. A teacher who is in the first two full school years of instructing students who receives an evaluation rating of improvement necessary is eligible for a salary increase.
Base Salary Increase. For the current contract year, teachers who satisfy the Evaluation and Experience requirements will receive a base salary increase of 1% of the teacher’s 2019-2020 base salary plus One Thousand Five Hundred Dollars and Zero Cents ($1,500.00). Evaluation and experience account for an equal share of the reason for the base salary increase. Evaluation eligibility will be defined as all of the following:
(i) Did not have an evaluation ranking for the previous year of either “ineffective” or “needs improvement”; and
(ii) Were eligible to receive an evaluation pursuant to the Metropolitan School District of Washington Township’s Teacher Evaluation Guidelines in the prior school year; and
(iii) Were determined as not having a negative impact upon student learning pursuant to the IDOE guidelines; or
(iv) Meets the exception of IC 20-28-9-1.5(f). Experience eligibility shall be defined as the requirement to be present for a minimum number of days in the prior school year in order to receive a qualifying evaluation in the Metropolitan School District of Washington Township. The Association and School Corporation acknowledge that the $1.5 million committed by the School Corporation in 2021 operating referendum were bargained and reflected in this Agreement.
Base Salary Increase. Whenever an employee is assigned to a position pursuant to paragraphs A through E of this section, his/her annual base salary shall be increased by stipend amount, described in paragraphs A through E, for such time that such employee is assigned to the position. Such base salary increase shall be included in the calculation of overtime pay, in accordance with Article 8, Section 2(A) of this Agreement.
Base Salary Increase. The University will increase the individual 2011-2012 base salaries, including any Annual Increase but excluding any performance Appreciation Increase, of all full-time employees covered by this Agreement by three-and-one-half percent (3.5%).
Base Salary Increase. Effective upon the Closing, your annual base salary will increase to $400,000, less applicable taxes and withholdings. For the avoidance of doubt, your current target bonus will be pro-rated to reflect such increase in salary.
Base Salary Increase. On March 31, 2004 (the "Anniversary Date"), the Company shall increase Executive's Base Salary by the dollar amount of each of the six Milestone Bonuses referred to in Section 3(b)(1)-(6) above which have been achieved during the period preceding such Anniversary Date. During each year that Executive is employed hereunder, on or before each one-year anniversary of the Anniversary Date (such date, the "Review Date"), the Compensation Committee of the Board shall review Executive's performance and shall determine, in its sole discretion, whether to further increase Executive's Base Salary and any increase shall become effective beginning on the relevant Review Date.