Future Salary Increases Clause Samples

The 'Future Salary Increases' clause sets out the terms under which an employee's salary may be raised during the course of their employment. Typically, this clause outlines whether salary increases are automatic, based on performance reviews, or subject to the employer's discretion, and may specify timing or criteria for such adjustments. Its core function is to provide clarity and manage expectations regarding potential changes to compensation, thereby reducing misunderstandings and disputes about pay progression.
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Future Salary Increases. A. A salary increase may be determined by the Board of Directors based on performance of the company at any time. B. An annual bonus may be determined by the Board of Directors. C. In lieu of, or in addition to, a salary increase and bonus as set forth in subparagraphs A and B above, the Employer and Employee may substitute, or add, a stock option plan or such other benefit as may be mutually agreeable.
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Future Salary Increases. Bargaining unit faculty members with a signed agreement 46 for either option will be eligible for merit salary increases for their classification and will receive 47 any across-the-board increases distributed prior to the end of their agreement period. Mar 30, 2025 Mar 30, 2025 ▇▇▇▇▇▇ ▇▇▇▇▇▇ (Mar 30, 2025 20:38 PDT) 1 UNIVERSITY OF OREGON MEDIATION PACKAGE PROPOSAL (3/28/2025) 2 UNIVERSITY OF OREGON MEDIATION PACKAGE PROPOSAL (3/25/2025) 3 UNIVERSITY OF OREGON MEDIATION PACKAGE PROPOSAL (3/3/2025) 4 UNIVERSITY OF OREGON FINAL OFFER PROPOSAL (2/25/2025) 5 UNIVERSITY OF OREGON PROPOSAL (5/23/2024) 7 Document Key 8 UA new | UA deletion | UO new | UO deletion | Accepted | Deleted | Status Quo | Restored 10 APPENDIX 1: IMPLEMENTATION AGREEMENTS 12 The parties have agreed to take certain actions to implement commitments made in the course of 13 bargaining the successor agreement as provided below.
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Future Salary Increases. Employees who choose to join the bargaining unit will receive future salary increases according to the then-cur- rent provisions of Article X (Salaries) of the Agreement.
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Future Salary Increases. The parties agree to continue to meet during the term of the MOU to determine revenue increase thresholds that would lead to future salary increases.
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Future Salary Increases. Bargaining unit faculty members with a signed agreement 32 for either option will be eligible for merit salary increases and will receive any across the board 33 increases distributed prior to the end of their agreement period. 3 Leave Policies on Website
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Related to Future Salary Increases

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increase All State salary increases or reductions provided to the district during this contract will be provided to all employees.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.