Common use of Effective Date of Increase Clause in Contracts

Effective Date of Increase. Where, in accordance with this Article 33, a step increase is to be implemented, the effective date of the increase shall be the first day of the bi-weekly pay period if the Step Increase Review Date falls in the first seven (7) calendar days of the bi-weekly pay period. If the Step Increase Review Date falls in the last seven (7) calendar days of the bi-weekly pay period, the effective date of the increase shall be the first day of the bi-weekly pay period next following.

Effective Date of Increase. Where, in accordance with this Article 33, a step increase is to be implemented, the effective date of the increase shall be the first day of the bi-weekly pay period if the Step Increase Review Date falls in the first seven (7) calendar days of the bi-bi- weekly pay period. If the Step Increase Review Date falls in the last seven (7) calendar days of the bi-weekly pay period, the effective date of the increase shall be the first day of the bi-weekly pay period next following.