Compensation Grid 2 Clause Samples
The "Compensation Grid 2" clause defines the specific structure and rates of payment for services or work performed under the agreement. It typically outlines the various compensation levels, such as hourly rates, project fees, or commission percentages, and may differentiate between roles, tasks, or performance tiers. By clearly specifying how and when compensation is calculated and distributed, this clause ensures transparency and prevents disputes over payment terms.
Compensation Grid 2. Employees in classes covered by compensation grid 2 shall advance to the next higher step in their salary range on their progression date. Advancement to the second, third, fourth, and fifth steps shall occur semi-annually. Employees at the fifth step shall advance to step six in their salary range annually.
Compensation Grid 2. Employees in classes covered by compensation grid 2 shall advance to the second, third, fourth, and fifth steps at the completion of six (6) months of satisfactory continuous service at each step. Employees at the fifth step shall advance to step six after completion of twelve (12) months of satisfactory continuous service at that step.