Fiscal Year 2021/2022 Clause Samples
The "Fiscal Year 2021/2022" clause defines the specific 12-month accounting period relevant to the agreement, typically running from a set start date in 2021 to an end date in 2022. This period is used to determine financial reporting, budgeting, and the timing of obligations or deliverables under the contract. By clearly specifying the fiscal year, the clause ensures that all parties are aligned on the timeframe for financial and operational activities, reducing confusion and supporting accurate compliance and reporting.
Fiscal Year 2021/2022. 1. Effective October 1, 2021, all pay range minimum and maximum rates of pay will be adjusted upward three percent (3%) as reflected in ▇▇▇▇▇▇▇▇ "▇▇" This pay range adjustment does not adjust any individual employee’s salary, unless the individual employee’s salary is below the new minimum rate of the pay range, wherein the employee’s salary will be brought to the new minimum. Such individual salary adjustment is provided in the next paragraph.
2. For Fiscal Year 2021/2022, effective on the first full pay period in October of 2021 (October 3, 2021), eligible bargaining unit employees, who on their most recent annual performance review or other performance-based evaluation program received a rating of “Meets Overall Expectations” or “Exceeds Overall Expectations” will receive a four percent (4.0%) base salary increase (within the salary range). Those current employees recently hired and who have yet to receive their annual performance review for their current position as of October 2, 2021, shall also receive the four percent (4.0%) base salary increase. To be eligible, employees must be employed in a Bargaining Unit position as of the effective date and be employed by the County as of October 2, 2021.
3. Eligible employees below the maximum of the pay range, and limited to an increase of less than four percent (4.0%) to their base hourly pay due to the maximum of the pay range, shall receive a one-time, gross lump sum amount equal to the difference between four percent (4.0%) and the percentage increase received (such gross lump sum payments shall be rounded to the nearest dollar).
4. Eligible employees whose base hourly rate is at or above the maximum rate of their pay range as of October 2, 2021, will not be eligible for a base hourly adjustment as provided in Section B.2. above. Those employees will receive a one-time, gross lump sum amount equal to four percent (4.0%) of the employee’s base annual salary.
5. All current employees who on their most recent annual performance evaluation received a rating of “Does Not Meet Overall Expectations” will not be eligible to receive the annually determined percentage increase at this time. However, in accordance with County Policy, such employees should be placed on a formal Performance Improvement Plan with a time duration of ninety (90) days and receive a “Special Performance Evaluation”. At the conclusion of the Performance Improvement Plan time frame, those employees with a performance rating that at least “M...
Fiscal Year 2021/2022. Effective June 27, 2021, all salary ranges for employees holding positions in classifications assigned to CAMP shall be increased by approximately 3.25%.
10.2.1 In recognition of work performed during the COVID-19 pandemic, a $1,000 one- time, non-pensionable lump sum payment shall be made to full-time employees holding positions in classifications assigned to CAMP effective the first full pay period in Fiscal Year 2021-2022 following union ratification and Council approval in open session. To receive the one-time, non-pensionable lump sum payment, a full-time employee must have been employed in a CAMP represented position on May 11, 2021, and still be employed in a CAMP represented position effective the first full pay period in Fiscal Year 2021-2022 following union ratification and Council approval in open session. In recognition of work performed during the COVID-19 pandemic, a one-time, non-pensionable lump sum payment shall be made to part-time CAMP represented employees as follows:
Fiscal Year 2021/2022. Effective the first (1st) full bi-weekly pay period commencing on or after July 1, 2021, the University will adjust the existing salary ranges by three percent (3%) and pay employees in accordance with Section A., above.
Fiscal Year 2021/2022. The parties have agreed to leave the opportunity for a reopener in this Section of the Agreement for negotiations regarding wages for fiscal year 2021- 2022. In order to re-open this section of the Agreement, the party electing to reopen this Section must send written notice of the intent to reopen this section between the dates of March 1, 2021 and March 30, 2021. If written notice has not been received by either party within this period of time, then there shall be no across the board wage increase and the value of each step in the pay grades shall remain unchanged for fiscal year 2021-2022. Employees who are not topped off in the pay plans for fiscal year 2021-2022 will be eligible (based upon a successful merit evaluation) to receive a step increase on their anniversary date. An employee who receives a successful merit evaluation will move up one (1) step. An employee who does not receive a successful merit evaluation will remain at his current step until the next year’s merit evaluation. An employee who is topped out in his pay grade is not eligible for any further merit increases.