MONETARY INCREASES Clause Samples

MONETARY INCREASES. The hourly monetary package increases for the first three (3) years of this Agreement are identified in the Wage and Benefits Supplement to this PLA. The Union shall have the option of distributing these increases or any portion of these increases to the hourly wage rate or legally established Fringe Benefit / Contribution Funds. It shall be understood, however, that the Union must notify MSTS at least forty-five (45) days in advance of the proposed effective date of the allocation of such monies. The wage rates effective October 1, 202020, shall remain in effect until the 1st day of October 2023, and shall continue from year to year thereafter unless MSTS or the Union give written notice to the other of a desire to change, amend, or modify such wage rates at least ninety (90) days prior to October 1, 2023. In the event notice of desire to change, amend, or modify the wage rates of this Agreement is given in accordance with the above, and agreement on a new wage rate is not consummated on or before October 1, 2023, Section 1 and Section 2 of the No Strikes Or Lockouts Article will be suspended solely as to such wage dispute, and until such wage dispute is resolved. All other provisions of this Agreement shall continue in full force and effect.
MONETARY INCREASES. The hourly monetary package increases for the first three (3) years of this five (5) year Project Labor Agreement are identified in the Wage and Benefits Supplement to this PLA. The remaining two (2) years of the monetary package will be negotiated by the Union and the Employer identifying future monetary increases by year. The Union shall have the option of distributing these increases or any portion of these increases to the hourly wage rate or legally established Fringe Benefit / Contribution Funds. It shall be understood, however, that the Union must notify the Employer at least forty-five (45) days in advance of the proposed effective date of the allocation of such monies. The wage rates effective October 1, 2020, shall remain in effect until the 1st day of October 2023, and shall continue from year to year thereafter unless MSTS or the Union give written notice to the other of a desire to change, amend, or modify such wage rates at least ninety (90) days prior to October 1, 2023. In the event notice of desire to change, amend, or modify the wage rates of this Agreement is given in accordance with the above, and agreement on a new wage rate is not consummated on or before the effective date, Section 1 and Section 2 of the “No Strikes Or Lockouts” Article will be suspended solely as to such wage dispute, and until such wage dispute is resolved. All other provisions of this Agreement shall continue in full force and effect.
MONETARY INCREASES. 11.2.a. The classifications of employment, Wage scales, Health and Welfare, Pension, PWLE, CAF and Training, as set forth in this Agreement and Schedule "A" attached shall be applicable for the period covered as set forth in Article 3. 11.2.b. Monetary increases in the total wage/fringe packages for the life of this three
MONETARY INCREASES. Request for additional funds for an existing project must follow the same process as normal grant applications. The AC will make a funding recommendation to CDBG staff and the proposal will be submitted to the Governor for final approval. Monetary Increases have not been done in recent history: the applicant should project funds required for a project and request funding initially. CDBG staff members may approve requests for minor changes in the scope of a project. If staff members determine a request constitutes a major change in the project, the request requires review by the AC with a recommendation to staff and the director for final approval. Changes in the scope, purpose and intent include, but are not necessarily limited to, changes in the size, location, use and budget. Changes in the CDBG budget items that constitute less than 20 percent of the CDBG budget are considered minor and may be made by the grant recipient filing an amended budget with staff. Staff members will review budget amendments that are more than 20 percent to determine whether the change alters the scope of the project. If staff members determine that the change in the budget does not constitute a change in scope, the amended budget will be accepted. If staff members believe the amendment significantly changes the scope, the change will be referred to the AC for a recommendation to staff and the director for final approval.
MONETARY INCREASES. Wage and Hour Scale: The following increases will be made to the Wage and Hour Scale: Year 1- .5% increase 1st day, .5% increase last day Year 2- 1% increase 1st day Year 3- 2% increase 1st day Safety Officer Steps Effective 7/1/17 1 L1 13.63 13.76 13.90 14.18 2 L2 14.63 14.77 14.92 15.22 3 L3 15.72 15.80 15.95 16.28 4 L4 17.26 17.34 17.52 17.87 5 L5 18.62 18.72 18.90 19.28 6 L6 19.64 19.74 19.93 20.34 Note: the Level L5 position has maximum of 2 positions, and Level L6 has a maximum of 1 position. These positions may be filled as needed at management’s discretion. The qualifying criteria for each Level are listed in the Appendix B. Officers will advance through levels 1 through 4 based on job performance, required years of service and completion of required training. Levels 5 and 6 will be filled based on the needs of the school department at the discretion of management. Entry level position must complete training and physical fitness test to be promoted to next level.
MONETARY INCREASES. The hourly monetary package increases for the first (1st) year of this five (5) year Project Labor Agreement are identified in the Wage and Benefits Supplement to this Project Labor Agreement. The remaining four
MONETARY INCREASES. The hourly total wage and fringe package increases for the life of this three (3) year agreement are effective on the dates indicated below: June 1, 2024, Total Package (Wages & Fringes) Increase of$2.25 for each group, distribution to be determined in accordance with section 9.4 below. June 1, 2025, Total Package (Wages & Fringes) Increase of $4.00 for each group, distribution to be determined in accordance with section 9.4 below. June 1, 2026, Total Package (Wages & Fringes) Increase of $3.00 for each group, distribution to be determined in accordance with section 9.4 below.

Related to MONETARY INCREASES

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Voluntary Increase The Company from time to time may increase the Conversion Rate by any amount for any period of time. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 11.06, 11.07 or 11.08.

  • Salary Increase All State salary increases or reductions provided to the district during this contract will be provided to all employees.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Notice of Voluntary Increases If the Board of Directors determines to increase the Conversion Rate pursuant to Section 5.06(A), then, no later than the first Business Day of the related twenty (20) Business Day period referred to in Section 5.06(A), the Company will send notice to each Holder, the Trustee and the Conversion Agent of such increase, the amount thereof and the period during which such increase will be in effect.