Longevity Adjustments Clause Samples

Longevity Adjustments. Each FTNTT Faculty member who was also a member of the bargaining unit in the immediately preceding academic year ("continuing member") shall receive for the referenced year of appointment a longevity adjustment to base salary, as defined below:
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Longevity Adjustments. 1. An employee’s years of service for longevity pay purposes will be calculated on full-time, continuous, complete years of service with the Board. 2. Years of service for longevity pay shall be calculated as follows: a. An employee hired between July 1 and December 31 shall have an employment date for longevity of January 1. b. An employee hired between January 1 and June 30 shall have an employment date for longevity of July 1. c. Leave of absence approved by the Board shall count as continuous service for longevity pay. 3. All Maintenance, Buildings, Grounds, Warehouse and Transportation employees eligible for longevity pay shall receive longevity pay in accordance with the following schedule (longevity amounts are not cumulative): after 16 years – 10 % of maximum for employee’s job code after 20 years – 11 % of maximum for employee’s job code after 24 years – 12 % of maximum for employee’s job code after 27 years – 13 % of maximum for employee’s job code
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Longevity Adjustments. The Board agrees that longevity adjustments applicable to paraprofessionals shall be made to coincide, as nearly as possible, with the actual anniversary date.
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Longevity Adjustments a. Effective August 30, 2011, longevity adjustments shall continue to be paid as follows: (i) Upon the completion of five years of service, employees shall receive a longevity adjustment of $4,830 (ii) Upon completion of ten years of service, employees shall receive a longevity adjustment of an additional $1,000. (iii) Upon completion of fifteen years of service, employees shall receive a longevity adjustment of an additional $2,000. (iv) Upon completion of twenty years of service, employees shall receive a longevity adjustment of an additional $1,000. b. Effective February 28, 2015, the longevity payment at the five year step shall increase by $48, the longevity payment at the ten year step shall increase by $58, the longevity payment at the fifteen year step shall increase by $78, and the longevity payment at the twenty year step shall increase by $88. c. Effective February 29, 2016, the longevity payment at the five year step shall increase by $73, the longevity payment at the ten year step shall increase by $88, the longevity payment at the fifteen year step shall increase by $119, and the longevity payment at the twenty year step shall increase by $134. d. Effective March 30, 2017, the longevity payment at the five year step shall increase by $124, the longevity payment at the ten year step shall increase by $149, the longevity payment at the fifteen year step shall increase by $201, and the longevity payment at the twenty year step shall increase by $226. e. Effective March 30, 2018, the longevity payment at the five year step shall increase by $152, the longevity payment at the ten year step shall increase by $184, the longevity payment at the fifteen year step shall increase by $247, and the longevity payment at the twenty year step shall increase by $278. a. The adjustment after the 5th and 10th years shall not be computed as salary for pension purposes until after completing 20 years of service. b. The adjustment after the 15th and 20th years shall not be computed as salary for pension purposes until after completion of 25 years of service. c. In the event this provision is declared invalid under the law, the parties shall reopen negotiations to resolve the issue of the increased cost of changing the effective date of the pensionability of the above adjustments. Such negotiations will be commenced forthwith. If no agreement is reached, an impasse may be declared and subsequent mediation and the impasse proceeding, if any, shall in all respects be...
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Longevity Adjustments. FY14 Employees shall receive a 0.25% adjustment on July 1, 2013 (applied to employee base rate as of June 30, 2013) FY15 Employees shall receive a 0.25% adjustment on July 1, 2014 (applied to employee base rate as of June 30, 2014) FY16 Employees shall receive a 0.25% adjustment on July 1, 2015 (applied to employee base rate as of June 30, 2015) FY17 Employees shall receive a 0.25% adjustment on July 1, 2016 (applied to employee base rate as of June 30, 2016) Bargaining Unit employees who are no longer employed at the time increases are implemented shall not be eligible to receive any wage increase provided pursuant to Section 11.1 and Section 11.2 above.
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Longevity Adjustments. FY10 Employees on payroll as of the date of Union ratification of the 2009-2013 Collective Bargaining Agreement shall receive a 0.25% adjustment to their then current base rate. FY11 Employees shall receive a 0.25% adjustment on July 1, 2010 (applied to employee base rate as of June 30, 2010) FY12 Employees shall receive a 0.25% adjustment on July 1, 2011 (applied to employee base rate as of June 30, 2011) FY13 Employees shall receive a 0.25% adjustment on July 1, 2012 (applied to employee base rate as of June 30, 2012)
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Longevity Adjustments. ▇▇▇▇▇▇▇▇▇ 10 years - $1,500 (CDH 1997)
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Longevity Adjustments a. Effective April 1, 2012, the following longevity adjustments shall be paid: (i) Upon the completion of five years of service, employees shall receive a longevity adjustment of $3,245. (ii) Upon the completion of ten years of service, employees shall receive a longevity adjustment of $4,745. (iii) Upon the completion of fifteen years of service, employees shall receive a longevity adjustment of $7,742. (iv) Upon the completion of twenty years of service, employees shall receive a longevity adjustment of $8,833. b. Effective October 1, 2013, the following longevity adjustments shall be paid: (i) Upon the completion of five years of service, employees shall receive a longevity 2012-2019 DEA 8 adjustment of $3,245. (ii) Upon the completion of ten years of service, employees shall receive a longevity adjustment $4,745. (iii) Upon completion of fifteen years of service, employees shall receive a longevity adjustment of $7,819. (iv) Upon completion of twenty years of service, employees shall receive a longevity adjustment of $8,921. c. Effective December 1, 2014, the following longevity adjustments shall be paid: (i) Upon the completion of five years of service, employees shall receive a longevity adjustment of $3,245. (ii) Upon the completion of ten years of service, employees shall receive a longevity adjustment $4,745. (iii) Upon completion of fifteen years of service, employees shall receive a longevity adjustment of $7,897. (iv) Upon completion of twenty years of service, employees shall receive a longevity adjustment of $9,010. d. Effective December 1, 2015, the following longevity adjustments shall be paid: (i) Upon the completion of five years of service, employees shall receive a longevity adjustment of $3,245. (ii) Upon the completion of ten years of service, employees shall receive a longevity adjustment $4,745. (iii) Upon completion of fifteen years of service, employees shall receive a longevity adjustment of $7,976. (iv) Upon completion of twenty years of service, employees shall receive a longevity adjustment of $9,100. e. Effective January 1, 2017, the following longevity adjustments shall be paid: (i) Upon the completion of five years of service, employees shall receive a longevity adjustment of $3,245. (ii) Upon the completion of ten years of service, employees shall receive a longevity 2012-2019 DEA 9 adjustment $4,745. (iii) Upon completion of fifteen years of service, employees shall receive a longevity adjustment of $8,096. (iv) Upon comp...
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Longevity Adjustments. August 1, 2015 Increase base rate of pay as of July 31, 2015 by one percent (1%)
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Related to Longevity Adjustments

  • Utility Adjustments DB Contractor shall not commence or permit or suffer commencement of construction of a Utility Adjustment included in the Construction Work until TxDOT issues NTP2, all of the conditions set forth in Section 4.4.1 that are applicable to the Utility Adjustment (reading such provisions as if they referred to the Utility Adjustment) have been satisfied, and the following additional requirements have been satisfied: (a) If applicable, the Alternate Procedure List has been approved by FHWA, and either the affected Utility or the Utility Owner is on the approved Alternate Procedure List, as supplemented. (b) The Utility Adjustment is covered by an executed Utility Agreement. (c) The review and comment process has been completed and any required approvals have been obtained for the Utility Assembly covering the Utility Adjustment.

  • Sustainability Adjustments (a) DEI may deliver a Pricing Certificate to the Administrative Agent in respect of the most recently ended calendar year on any date prior to the date that is 120 days following the last day of such calendar year (the date the Administrative Agent’s receipt thereof, each a “Pricing Certificate Date”), which DEI may or may not do, in its sole discretion. If DEI so delivers a Pricing Certificate in respect of a calendar year, (i) the Applicable Percentage for the Revolving Loans incurred by DEI shall be increased or decreased (or neither increased nor decreased), as applicable, pursuant to the Sustainability Margin Adjustment as set forth in the KPI Metrics Certificate delivered with such Pricing Certificate, and (ii) the Applicable Percentage for the Facility Fee for Commitments under the DEI Sublimit shall be increased or decreased (or neither increased nor decreased), as applicable, pursuant to the Sustainability Fee Adjustment as set forth in such KPI Metrics Certificate. If no Pricing Certificate is so delivered in respect of a calendar year, the Sustainability Margin Adjustment and the Sustainability Fee Adjustment in respect of such calendar year shall be determined pursuant to Section 1.7(c). For purposes of the foregoing, (A) if a Pricing Certificate is so delivered for any calendar year, the Sustainability Margin Adjustment and the Sustainability Fee Adjustment shall be determined as of the fifth Business Day following the Pricing Certificate Date for such Pricing Certificate based upon the KPI Metrics for such calendar year set forth in the KPI Metrics Certificate delivered with such Pricing Certificate and the calculations of the Sustainability Margin Adjustment and the Sustainability Fee Adjustment in such KPI Metrics Certificate and (B) if no Pricing Certificate is so delivered in respect of such calendar year, the Sustainability Margin Adjustment and the Sustainability Fee Adjustment shall be determined pursuant to Section 1.7(c) effective as of the Business Day immediately following the date that is 120 days following the last day of such calendar year (such fifth (5th) Business Day or such Business Day, as applicable, each a “Sustainability Pricing Adjustment Date”). Each change in the Applicable Percentages on any Sustainability Pricing Adjustment Date shall be effective during the period commencing on and including such Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next Sustainability Pricing Adjustment Date. (b) For the avoidance of doubt, only one Pricing Certificate (or, in the case of non-delivery of a Pricing Certificate, zero Pricing Certificates) may be delivered in respect of any calendar year. It is further understood and agreed that the Applicable Percentage for Revolving Loans incurred by DEI will never be reduced or increased by more than 0.05% and that the Applicable Percentage for the Facility Fee for Commitments under the DEI Sublimit will never be reduced or increased by more than 0.01%, pursuant to the Sustainability Margin Adjustment and the Sustainability Fee Adjustment, respectively, on any Sustainability Pricing Adjustment Date. For the avoidance of doubt, any adjustment to the Applicable Percentages for such Revolving Loans or such Facility Fee by reason of meeting one or several KPI Metrics in any calendar year shall not be cumulative year-over-year. The adjustments pursuant to this Section made on any Sustainability Pricing Adjustment Date shall only apply for the period until the date immediately preceding the next Sustainability Pricing Adjustment Date. (c) It is hereby understood and agreed that if no such Pricing Certificate with respect to a calendar year is delivered by DEI within the period set forth in this Section 1.7, the Sustainability Margin Adjustment will be positive 0.05% and the Sustainability Fee Adjustment will be positive 0.01% commencing on the last day of such period and continuing until the day immediately prior to the next Sustainability Pricing Adjustment Date. (d) If (i)(A) a Borrower or any Lender becomes aware of any material inaccuracy in the Sustainability Margin Adjustment, the Sustainability Fee Adjustment or the KPI Metrics as reported in a Pricing Certificate (any such material inaccuracy, a “Pricing Certificate Inaccuracy”) and, in the case of any Lender, such Lender delivers, not later than 10 Business Days after obtaining knowledge thereof, a written notice to the Administrative Agent describing such Pricing Certificate Inaccuracy in reasonable detail (which description shall be shared with each Lender and the Borrowers), or (B) the Borrowers and the Lenders agree that there was a Pricing Certificate Inaccuracy at the time of delivery of a Pricing Certificate, and (ii) a proper calculation of the Sustainability Margin Adjustment, Sustainability Fee Adjustment or the KPI Metrics would have resulted in an increase in the Applicable Percentages for the Revolving Loans incurred by DEI and the Facility Fee for Commitments under the DEI Sublimit for any period, the Borrowers shall be obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code (or any comparable event under non-U.S. debtor relief laws), automatically and without further action by the Administrative Agent or any Lender), but in any event within 10 Business Days after the Borrowers have received written notice of, or have agreed in writing that there was, a Pricing Certificate Inaccuracy, an amount equal to the excess of (1) the amount of interest and fees that should have been paid for such period over (2) the amount of interest and fees actually paid for such period. If a Borrower becomes aware of any Pricing Certificate Inaccuracy and, in connection therewith, if a proper calculation of the Sustainability Margin Adjustment, Sustainability Fee Adjustment or the KPI Metrics would have resulted in a decrease in the Applicable Percentages for the Revolving Loans incurred by DEI and the Facility Fee for Commitments under the DEI Sublimit for any period, then, upon receipt by the Administrative Agent of notice from the Borrowers of such Pricing Certificate Inaccuracy (which notice shall include corrections to the calculations of the Sustainability Margin Adjustment, Sustainability Fee Adjustment or the KPI Metrics, as applicable), commencing on the Business Day following receipt by the Administrative Agent of such notice, the Applicable Percentages for the Revolving Loans incurred by DEI and the Facility Fee for Commitments under the DEI Sublimit shall be adjusted to reflect the corrected calculations of the Sustainability Margin Adjustment, Sustainability Fee Adjustment or the KPI Metrics, as applicable. (e) It is understood and agreed that any Pricing Certificate Inaccuracy shall not constitute a Default or Event of Default; provided, that, the Borrowers comply with the terms of this Section 1.7 with respect to such Pricing Certificate Inaccuracy. Notwithstanding anything to the contrary herein, unless such amounts shall be due upon the occurrence of an actual or deemed entry of an order for relief with respect to a Borrower under the Bankruptcy Code (or any comparable event under non-U.S. debtor relief laws), (a) any additional amounts required to be paid pursuant the immediate preceding paragraph shall not be due and payable until the date that is 10 Business Days after a written demand is made for such payment by the Administrative Agent in accordance with such paragraph, (b) any nonpayment of such additional amounts prior to or upon such demand for payment by Administrative Agent shall not constitute a Default (whether retroactively or otherwise) and (c) none of such additional amounts shall be deemed overdue prior to the date that is 10 Business Days after such a demand or shall accrue interest at the rate provided in Section 3.1(b) prior to the date that is 10 Business Days after such a demand. (f) Each party hereto hereby agrees that neither the Administrative Agent nor the Co-Sustainability Structuring Agent shall have any responsibility for (or liability in respect of) reviewing, auditing or otherwise evaluating any calculation by any Borrower of any Sustainability Margin Adjustment or Sustainability Fee Adjustment (or any of the data or computations that are part of or related to any such calculation) set forth in any Pricing Certificate (and the Administrative Agent and the Co-Sustainability Structuring Agent may rely conclusively on any such certificate, without further inquiry). (g) As soon as available and in any event within 120 days following the end of each calendar year (commencing with the calendar year ending December 31, 2021), a Pricing Certificate for the most recently-ended calendar year may be provided by DEI as set forth in this Section 1.7; provided, that, for any calendar year the Borrowers may elect not to deliver a Pricing Certificate, such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate by the end of such 120-day period shall result in the Sustainability Margin Adjustment and Sustainability Fee Adjustment being applied as set forth in Section 1.7(c). (h) In the event Borrowers or any of their Subsidiaries acquire or divest a business, facility or Subsidiary with Capacity in excess of 100MW, the Renewable Energy Generation Capacity Percentage Target and the Renewable Energy Generation Capacity Percentage Threshold shall be adjusted to account for such acquisition or divestiture such that the Renewable Energy Generation Capacity Percentage Target and the Renewable Energy Generation Capacity Percentage Threshold remain neutral to such acquisition or disposition in a manner and methodology that are the same as those used in determining the original Renewable Energy Generation Capacity Percentage Target and the Renewable Energy Generation Capacity Percentage Threshold. The Borrowers shall deliver to the Administrative Agent and the Lenders a certificate that (i) calculates in reasonable detail such adjusted Renewable Energy Generation Capacity Percentage Target and Renewable Energy Generation Capacity Percentage Threshold and (ii) restates Exhibit 1.7-1 with such adjusted amounts, and, if Lenders constituting Required Lenders have not objected to such adjusted Renewable Energy Generation Capacity Percentage Target and Renewable Energy Generation Capacity Percentage Threshold within 5 Business Days of such delivery, then Exhibit 1.7-1 shall be deemed amended to reflect such adjusted Renewable Energy Generation Capacity Percentage Target and Renewable Energy Generation Capacity Percentage Threshold.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.