Driver Cost Increases Clause Samples

Driver Cost Increases. Commencing with the *, on the * following any increase in the labor and/or employee benefit costs with respect to the drivers delivering Merchandise from a Facility, the Stop Fee for Facilities will be adjusted to reflect * of the actual cost of any such increases. If A&P can demonstrate that any such driver cost increase is materially out of line with labor and employee benefits cost increases for truck drivers in the trucking industry in the Northeastern United States, then the parties will meet and in good faith determine whether * or some lower percentage is the fair and equitable percentage to use to adjust the Stop Fee. If there is a non-productivity related negotiated benefit that offsets a labor or employee benefit cost increase, then such negotiated benefit shall be factored into the determination of the cost increase used to adjust the Stop Fee. For example, if there is a wage increase, but a holiday is eliminated, then the cost benefit of the elimination of such holiday will be factored into the calculation of such wage increase. By way of further example, if there is an employee benefit cost increase, but eligibility requirements are changed, then the cost benefit of such eligibility requirements will be factored into the calculation of the employee benefit cost increase.
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Related to Driver Cost Increases

  • Merit Increases Merit increases shall be based on satisfactory service. Employees shall be eligible for in-range merit increases on their established anniversary date until such time they have reached the top step of the classification in which they are employed. The eligibility date, for the purpose of this section, shall be the date upon which the employees are granted their first in-range merit increase to the next step of their pay range. This eligibility date may be changed as a result of the timing of future in-range merit increases, promotions or reclassifications.

  • Rent Increases The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal or extension of the Term of this Lease must be preceded by a - day notice of the same from the Landlord to the Tenant.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Promotion Increases (a) Promotion salary increases shall be granted in an amount equal to 9.0% of the employee’s previous year’s base salary rate in recognition of promotion to one of the ranks described below: (1). To Associate in , and Assistant University Librarian; (2). To Associate Professor, Associate Scholar/Scientist/Engineer, and Associate University Librarian; and