Minimum Increases Clause Samples

The Minimum Increases clause sets a baseline for how much certain amounts, such as rent, fees, or payments, must increase over specified periods. In practice, this means that even if market conditions would suggest a smaller adjustment or no increase at all, the contractually agreed minimum will still apply, ensuring a predictable upward adjustment. This clause primarily serves to protect the party receiving payments from stagnation or decline in value, guaranteeing a steady escalation and reducing the risk of underperformance due to market fluctuations.
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Minimum Increases. The request for an increase shall be in a minimum amount of $10,000,000 or such lessor amount as necessary to increase the Revolving Credit Commitments to $100,000,000.
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Minimum Increases. The request for an increase shall be in a minimum amount of $10,000,000.
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Minimum Increases. No person covered by this agreement shall receive an increase less than set out below: $1. 20 on June 1, 2023 $1.10 on June 1, 2024
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Minimum Increases. Effective upon the approval, pursuant to Section 1.4.5 of an Approved Product principally designed for a language listed on Exhibit B, the minimum royalty hereunder for that Approved Product's category may be increased or decreased based on the parties' respective expenses incurred in producing such version, as is mutually agreed.
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Minimum Increases. Employees employed effective with the start of the 8 first full pay period commencing on or after October 1, 2016 2017, shall receive an increase of 9 two and one half three percent (2.50%3%) across the board for all members covered by this 10 Agreement.
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Minimum Increases. Effective the first full pay period on or after October 7 1, 2015, all members covered by this Agreement assigned to the Pay Plan for this 8 Bargaining Unit (Attachment A), will receive a three percent (3%) increase to their base 9 rate of pay. Effective October 1, 2017, upon ratification of this agreement, all members 10 assigned to this Bargaining Unit will receive a three percent (3%) increase in their base 11 rate of paycost of living adjustment and it is understood that this will be retroactive back 12 to October 1st, 2017. Upon ratification, any retroactive wages due a bargaining unit 13 member shall be included in the first full pay period on or after ratification of this 14 agreement occurs. Effective October 1st, 2018 (Fiscal Year 2019), all members assigned 15 to this Bargaining Unit will receive a three percent (3%) increase to their base rate of 16 paycost of living adjustment. , and iIf any other certified bargaining unit receives greater 17 gets higher than a three percent (3%) increase in Fiscal Year 2019 in their base rate of pay 18 based upon the lowest across the board increase received on average, the members assigned 19 to this Bargaining Unit will get the samereceive an equivalent percentage raiseincrease as 20 that group. This expressly excludes the impact of classification changes and lump sum 21 wage increases on other certified bargaining units, and shall expire September 30, 2019. 22 This provision expires upon this agreement being termed out without the application of 23 status quo. Furthermore, the parties understand that this term is not designed to cherry pick 24 or otherwise utilize a limited number of members within any other bargaining unit under 25 Alachua County to determine “same percentage raise as that group.”
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Related to Minimum Increases

  • 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.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Annual Increments ‌ 12.1 Employees will proceed to the maximum of their salary range by annual increments, after 12 months’ continuous service at each increment point, unless there is an adverse report on the Employee's performance or conduct which recommends the non-payment of an annual increment. 12.2 The following process will apply where a report on an Employee’s performance or conduct recommends the non-payment of an annual increment: (a) The Employee will be shown the report prior to completing 12 months’ continuous service since their last incremental advance; (b) The Employee will be provided with an opportunity to comment in writing; (c) The Employee’s comments will be considered immediately by the Employer and a decision made as to whether to approve the payment of the increment or withhold payment for a specific period; and (d) Where the increment is withheld, the Employer before the expiry of the specified period will complete a further report and the above provisions will apply. 12.3 The non-payment of an increment will not change the normal anniversary date of any further increment payments. 12.4 For the purposes of this clause "continuous service", except where an increment is payable according to age, will not include any period: (a) exceeding 14 calendar days during which an Employee is absent on Leave Without Pay. In the case of leave without pay which exceeds 14 calendar days the entire period of such Leave Without Pay is excised in full; (b) which exceeds six (6) months in one continuous period during which an Employee is absent on workers' compensation. Provided that only that portion of such continuous absence which exceeds six (6) months will not count as "continuous service"; and (c) which exceeds three (3) months in one (1) continuous period during which an Employee is absent on Personal Leave without pay. Provided that only that portion of such continuous absence which exceeds three (3) months will not count as "continuous service".