Common use of Market Transitions Clause in Contracts

Market Transitions. Effective the first pay period following ratification of settlement of the 2014 contract negotiations, the wage range will be adjusted as described in Section 1(a) above. In addition, all RNs will receive an increase of 0.5% in their actual base time rate of pay effective the first pay period after July 1, 2014, an increase of 1% in their actual base time rate of pay effective the first pay period after July 1, 2015, and an increase of 2% in their actual base time rate of pay effective the first pay period after July 1, 2016.

Market Transitions. Effective the first pay period following 2 ratification of settlement of the 2014 2011 contract negotiations, the wage range will be 3 adjusted as described in Section 1(aItem 2(A) above. In addition, all RNs will receive an increase 4 of 0.51.5% in their actual base time rate of pay effective the first pay period periods after July 1, 2014, an increase of 1% in their actual base time rate of pay 5 2012 and 2013. 6 All RNs will also be eligible for adjustments effective the first pay period 7 after July 1, 2015, and an increase October 1 each calendar year under the terms of 2% in their actual base time rate of pay effective the first pay period after July 1, 2016subsection b. above (Eligibility for 8 Adjustment).