Experience Movement Sample Clauses

The Experience Movement clause defines how changes in experience, such as claims history or loss ratios, affect the terms or pricing of an agreement, typically in insurance or service contracts. It outlines the process for reviewing and adjusting premiums, fees, or other contract elements based on actual performance data over a specified period. This mechanism ensures that the contract remains fair and responsive to real-world outcomes, helping to allocate risk more accurately between the parties and prevent significant imbalances due to unforeseen events.
Experience Movement. The District shall grant the experience step movement annually, on July 1 of each year.
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Experience Movement. In all other years, except as otherwise specifically provided in this Agreement, completion of one full year of continuous, full time employment in the District shall entitle a teacher to move down one step on the salary schedule (unless the employee is placed on remediation pursuant to Article 24A of the Illinois School Code as amended). Each teacher who is at an experience step below the cutoff point of the index column on the schedule shall be frozen at that step. If a teacher who is frozen moves across the schedule to a new column, that teacher may move down one step to reflect the year’s earned experience. However, in no event may a teacher in any given year move down more than one step on the schedule for experience.
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Experience Movement. Except as otherwise specifically provided in this Agreement, completion of one full year of continuous, full-time employment in the District shall entitle a teacher to move down one step on the salary schedule. Each teacher who is at an experience step below the cutoff point of the index column on the schedule shall be frozen at that step. If a teacher who is frozen moves across the schedule to a new column, that teacher may move down one step to reflect the year’s earned experience. However, in no event may a teacher in any given year move down more than one step on the schedule for experience.
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Experience Movement. ‌ 510 The District shall grant the experience step movement annually, on July 1 of each 511 year. 512 9.5 513 514 515 516 517 518 9.6 519 520 521 522 523 524 9.7 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 9.8 543 544 545 9.9 546 547 Initial Salary Schedule Placement‌ Initial column placement shall be determined by the Superintendent or designee. Initial placement into a salary column shall be based on upper division and graduate units, with one semester unit equivalent to one and one-half quarter units. Units for placement must have been earned subsequent to receiving the Bachelor’s degree.
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Experience Movement. ‌ 494 The District shall grant the experience step movement annually, on July 1 of each 495 year.
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Experience Movement. Completion of a minimum of one-hundred-thirty-five (135) school days or a full year of continuous, full time employment in the District shall entitle a teacher to move down one step on the salary schedule. Each teacher who is at an experience step below the cutoff point of the index column on the schedule shall be frozen at that step.
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Experience Movement. Completion of a minimum of ninety (90) school days or a full year of continuous, full time employment in the District shall entitle a Teacher to move down one step on the salary schedule.
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Related to Experience Movement

  • Experience Credit a. For the purpose of this article, a teacher teaching on call (TTOC) shall be credited with one (1) day of experience for each full-time equivalent day worked. b. One hundred seventy (170) full-time equivalent days credited shall equal one (1) year of experience.

  • Experience Pay An employee hired by the Hospital with recent and related experience, may claim, at the time of hiring on a form supplied by the Hospital consideration for such experience. Any such claim shall be accompanied by verification of previously related experience. The Hospital shall then evaluate such experience during the probationary period. Where, in the Hospital's opinion such experience is relevant, the employee shall be slotted in that step of the wage progression consistent with one (1) year's service for every one (1) year of related experience in the classification on the completion of the employee's probationary period. It is understood and agreed that this shall not constitute a violation of the wage schedule of the Collective Agreement.

  • Related Experience Previous experience related to the duties associated with the position.

  • Investment Experience Holder understands that the purchase of this Warrant and its underlying securities involves substantial risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges that Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such knowledge and experience in financial or business matters that Holder is capable of evaluating the merits and risks of its investment in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling persons of a nature and duration that enables Holder to be aware of the character, business acumen and financial circumstances of such persons.

  • Experience of the Purchaser The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.