Increment Adjustments Clause Samples

The Increment Adjustments clause defines how and when changes to incremental amounts—such as payments, fees, or deliverables—can be made during the term of an agreement. Typically, this clause outlines the conditions under which increments may be increased or decreased, such as in response to inflation, performance metrics, or changes in scope. Its core practical function is to provide a clear mechanism for adjusting key contractual figures over time, ensuring both parties have a predictable and fair process for handling changes that may arise.
Increment Adjustments. In support of the Department’s efforts to strengthen police officer retention, employees at step E shall receive three (3) steps on their annual increment date.
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Increment Adjustments. 1. Annual increment adjustments shall be effective the first work day after July 1st, for those individuals who are eligible for the next increment. 2. Any skilled maintenance personnel hired after October 1, 1993, who is required to have a state license as a plumber, electrician or commercial applicator of pesticides, herbicides and fertilizer shall receive an increment adjustment of $1.50 per hour. This $1.50 per hour adjustment shall also apply to the ▇▇▇▇▇▇▇▇▇.
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Increment Adjustments. Compensation adjustments for teachers who obtain a Masters or Doctoral Degree will be made twice yearly on August 15 and February 1 of each contract year. An official transcript showing the advanced degree shall be provided to the Human Resources department by August 15 for first semester adjustments and by February 1 for second semester adjustments. Application for adjustments shall be the responsibility of the teacher.
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Increment Adjustments 
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Related to Increment Adjustments

  • Payment Adjustments Notwithstanding anything to the contrary in this Article 3, any payment pursuant to this Article: (a) shall be subject to (i) any delay in payment or reduction required by Section 5.2 hereof, and (b) shall be subject to a set-off equal to the gross amount of any current or deferred compensation, including wages, salary, fees, benefits, tangible or intangible property or ownership rights or interests or other property rights, received by Executive or which he becomes entitled to receive in the future as remuneration for services to any Person, business or other entity as a result of, or in exchange for, any work or services performed, or any intellectual property conveyed by Executive, during the Restricted Period (“Remuneration”), provided that the foregoing provision shall in no way limit or impair Executive’s obligations or the Bank’s rights under Article 3 or Article 4 of this Agreement. Executive understands and agrees that the Bank’s set-off rights will accrue, and any set-off pursuant to this provision will be applied to any non-compete payments due (or previously paid or accrued), after the earlier of Executive’s receipt or accrual of Remuneration (the Set-off Date), and if Executive is not entitled to further payments under this Agreement, Executive agrees to refund the setoff amount in full to the Bank within fourteen (14 days) of Executive’s Certification reporting such remuneration or the Set-off Date, whichever is later.

  • Subsequent Adjustments In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.