Increments for Service Sample Clauses

Increments for Service. For each full- time equivalent year of service to the College, an employee is entitled to one (1) increment on the basic salary scale until he/she reaches the maximum for his/her category. The increment date shall be the first day of the pay period following the date on which the employee became eligible for the increment.
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Increments for Service. For each full-time equivalent year of service to the College an Employee is entitled to one (1) increment on the salary scale until he/she reaches the maximum for his/her category. (Note: for term Employees who receive vacation pay rather than vacation, a full-time equivalent year of service is ten months; therefore, 217 FTE days is used as the basis of increment calculations for these Employees). Employees shall receive the increment pay increase on the first pay period following attainment of each full-time equivalent year of service.
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Increments for Service. For each full-time equivalent year of service to the College an employee is entitled to one (1) increment on the basic salary scale until reaches the maximum for category. The increment date shall be as specified in individual letters of appointment and for those hired on or after August the increment date shall be the first day of the first full month of service. An employee on long-term professional development leave, as defined in Clause may, with prior approval, be regarded as a full-time employee for up to twelve (12) months, for purposes of salary increment. An employee receiving an increment for this period may not also claim an increment for any credential earned during this period under ▇▇▇▇▇▇ However, the credential earned shall be used to extend the maximum placement by one (1) Step.
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Increments for Service. For each full-time equivalent year of service to the College an employee is entitled to one (1) increment on the basic salary scale until reaches the maximum for category. The increment date shall be as specified in individual letters of appointment and for those hired on or after August the increment date shall be the first day of the first full month of service. Faculty members whose maximum placement was Step or Step under the provisions of the previous collective agreement shall have their maximum changed to Step or Step respectively effective September The current placement shall be increased by one step for those faculty members who will have been at their maximum for a full-time equivalent year of service on that date. Other faculty members will have their current placement changed on their normal increment date.
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Related to Increments for Service

  • Credit for Service Purchaser shall cause each benefit plan, severance plan and time-off program maintained, sponsored, adopted or contributed to by Purchaser or its Affiliates in which Transferred Employees are eligible to participate (collectively, the “Purchaser Benefit Plans”), to take into account for all purposes under Purchaser Benefit Plans (but not for purposes of defined benefit pension accruals under any defined benefit plan) the service of such employees with Seller or its Affiliates prior to the Transfer Date to the same extent as such service was credited for the applicable purpose by Seller or the applicable Affiliate. In addition, Purchaser shall cause each Transferred Employee to be immediately eligible to participate, without any waiting time, in any and all Purchaser Benefit Plans.

  • Fee for Services Recipient agrees to pay to Contran $65,750 quarterly on the first business day of each quarter, commencing as of January 1, 2003, pursuant to this Agreement.

  • Fees for Services The compensation of the Subadviser for its services under this Agreement shall be calculated and paid by the Adviser in accordance with the attached Schedule C. Pursuant to the Investment Advisory Agreement between the Fund and the Adviser, the Adviser is solely responsible for the payment of fees to the Subadviser.

  • Charges for Services In consideration for the Services, Client agrees to pay to Consultant the sum of Two Hundred Thousand (200,000) shares of the common stock of Client, which shall be issued to Consultant as soon as practical following execution hereof, free and clear of all liens, encumbrances and restrictions as provided in Section 4 hereof.

  • Compensation for Services Provided As compensation for providing portfolio supervisory services in its capacity as Portfolio Supervisor, evaluation services in its capacity as Evaluator, and for providing bookkeeping and other administrative services to the Trust of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940, and to the extent that such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee, First Trust Advisors L.P. shall receive, in arrears, against a statement or statements therefor submitted to the Trustee monthly or annually an aggregate annual fee in the per Unit amount set forth in Part II of the Trust Agreement for the Trust, calculated based on the largest number of Units outstanding during the calendar year, except during the initial offering period as determined in Section 4.01 of this Indenture, in which case the fee is calculated based on the largest number of Units outstanding during the period for which the compensation is paid (such annual fee to be pro rated for any calendar year in which First Trust Advisors L.P. provides services described herein during less than the whole of such year). Such fee may exceed the actual cost of providing such services for the Trust, but at no time will the total amount received for such services rendered to unit investment trusts of which the Depositor is the sponsor in any calendar year exceed the aggregate cost to First Trust Advisors L.P. of supplying such services in such year. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase after the date hereof in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index, if such index should no longer be published. The consent or concurrence of any Unit holder hereunder shall not be required for any such adjustment or increase. Such compensation shall be paid by the Trustee, upon receipt of an invoice therefor from First Trust Advisors L.P., which shall constitute the representation by First Trust Advisors L.P. that the bookkeeping and administrative services for which compensation is claimed are properly compensable hereunder and that the aggregate cost incurred by First Trust Advisors L.P. of providing portfolio supervisory, evaluation and bookkeeping and administrative services hereunder was not less than the compensation claimed, upon which representation the Trustee may conclusively rely. Such compensation shall be charged against the Income and/or Capital Accounts in accordance with Section 3.05. If the cash balance in the Income and Capital Accounts shall be insufficient to provide for amounts payable pursuant to this Section 4.03, the Trustee shall have the power to sell (i) Securities from the current list of Securities designated to be sold pursuant to Section 5.02 hereof, or (ii) if no such Securities have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 4.03. Any moneys payable to First Trust Advisors L.P. pursuant to this Section 4.03 shall be secured by a lien on the Trust prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04 herein.