Effective Date of Increment Sample Clauses

The 'Effective Date of Increment' clause establishes the specific date on which a salary increase or other incremental adjustment becomes operative. Typically, this clause details whether the increment is applied from the start of a pay period, the anniversary of employment, or another predetermined date, and may clarify how retroactive payments are handled if the increment is approved after the effective date. Its core function is to ensure clarity and consistency regarding when financial changes take effect, thereby preventing disputes or confusion over entitlement to increased compensation.
Effective Date of Increment. A service increment must be effective on the first day of the pay period in which the employee’s increment date falls.
View SourceView Similar (5)
Effective Date of Increment. The Performance Increments for all employees who meet the above eligibility criteria will be effective on anniversary date(s) of hire or one year from the date of the last increment, whichever is applicable.
View Source
Effective Date of Increment. If warranted, movement to the 12th or 13th step salary increment will take effect on the professional staff member’s anniversary date, or the date provided in the (CNA).
View Source

Related to Effective Date of Increment

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Effective Date; Duration This Agreement shall become effective when signed by both parties and approved by the City’s legal counsel. Unless sooner terminated, this Agreement shall expire on June 30, 2019. Termination or expiration shall not extinguish or prejudice the City’s right to enforce this Agreement with respect to any default or defect in performance that has not been cured.