Negotiated Increases Sample Clauses

The Negotiated Increases clause establishes the process by which parties can agree to raise certain fees, rates, or compensation specified in a contract. Typically, this clause outlines the conditions under which increases may be discussed, such as at set intervals or in response to specific triggers like increased costs or expanded services, and may require mutual written agreement before any adjustment takes effect. Its core practical function is to provide a structured and transparent mechanism for adjusting financial terms, thereby preventing disputes and ensuring both parties can adapt to changing circumstances during the contract term.
Negotiated Increases a) In order to be eligible for any negotiated increases, an employee must be employed when the Agreement is ratified. b) Employees who retire between the expiration date of the previous Agreement and the date the increases are paid, shall receive the retroactive negotiated increases.
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Negotiated Increases. Notwithstanding anything contained herein, increases in the wage and salary benefits awarded and agreed to through this Collective Agreement shall apply only to and be given only to employees of The Board of Trustees of the University of Illinois as of the date of signing of this Agreement and those employees hired thereafter.
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Negotiated Increases. June 1, 2024 - $2.25 to be allocated by the Union June 1, 2025 - $4.00 to be allocated by the Union June 1, 2026 - $3.00 to be allocated by the Union
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Negotiated Increases. On June 28, 2015, the County shall provide an increase to all classes in the unit of two percent (2%), shown in Attachment C.
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Negotiated Increases. Employees in the following Classifications in effect prior to the date of signing this Agreement will receive adjustments to their Basic Rates of Pay retroactive to April 1, 1999 as follows: Programmer Analyst I: increase by 3% Programmer Analyst II: increase to the Minimum rate for the Technical Job Family, Phase II Programmer Analyst III: increase by 3% Programmer Analyst IV: increase by 3% Licensed Practical Nurses: increase to the Midpoint rate for the Specialist Advisor, Phase I Security Officers I and II: increase by 5%
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Negotiated Increases. The Employer agrees to pay any 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.
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Related to Negotiated Increases

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Commitment Increases (a) In the event that the Company wishes to increase the aggregate Commitments, it shall notify the Lenders (through the Managing Administrative Agent) of the amount of such proposed increase (such notice, a “Commitment Increase Offer”). Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Commitments ratably in accordance with their respective Commitment Percentages. In the event that any Lender (each, a “Declining Lender”) shall fail to accept in writing a Commitment Increase Offer within 10 Business Days after receiving notice thereof, all or any portion of the proposed increase in the Commitments offered to the Declining Lenders (the aggregate of such offered amounts, the “Declined Amount”) may instead be allocated to any one or more additional banks, financial institutions or other entities pursuant to paragraph (b) below and/or to any one or more existing Lenders pursuant to paragraph (c)(ii) below. (b) Any additional bank, financial institution or other entity (each, a “New Lender”) which, with the consent of the Company and the Managing Administrative Agent, elects to become a party to this Agreement and obtain a Commitment in an amount equal to all or any portion of a Declined Amount, shall execute a New Lender Supplement (each, a “New Lender Supplement”) with the Company and the Managing Administrative Agent, substantially in the form of Exhibit J-1, whereupon such New Lender shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement, and Schedule 1.2 shall be deemed to be amended to add the name and Commitment of such New Lender. (c) Any Lender which (i) accepts a Commitment Increase Offer pursuant to subsection 2.18(a) or (ii) with the consent of the Company elects to increase its Commitment by an amount equal to all or any portion of a Declined Amount shall, in each case, execute a Commitment Increase Supplement (each, a “Commitment Increase Supplement”) with the Company and the Managing Administrative Agent, substantially in the form of Exhibit J-2, whereupon such Lender shall be bound by and entitled to the benefits of this Agreement with respect to the full amount of its Commitment as so increased, and Schedule 1.2 shall be deemed to be amended to so increase the Commitment of such Lender. (d) If on the date upon which a bank, financial institution or other entity becomes a New Lender pursuant to subsection 2.18(b) or upon which a Lender’s Commitment is increased pursuant to subsection 2.18

  • 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.

  • Merit Increases Merit increases shall be based on satisfactory service. Employees shall be eligible for in-range merit increases on their established anniversary date until such time they have reached the top step of the classification in which they are employed. The eligibility date, for the purpose of this section, shall be the date upon which the employees are granted their first in-range merit increase to the next step of their pay range. This eligibility date may be changed as a result of the timing of future in-range merit increases, promotions or reclassifications.

  • 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.