Order of Increases Sample Clauses

The 'Order of Increases' clause defines the sequence or priority in which increases—such as price adjustments, salary raises, or benefit enhancements—are to be applied under an agreement. This clause typically specifies whether increases are cumulative, whether one type of increase takes precedence over another, or how overlapping increases are handled. For example, it may clarify if a contractual rate increase should be applied before or after a statutory increase. Its core practical function is to prevent confusion or disputes by establishing a clear hierarchy or process for implementing multiple increases, ensuring all parties understand how adjustments will be calculated and applied.
Order of Increases. If more than one salary adjustment takes place on the same date, actions occur in the following order: a. Salary Range adjustment b. Merit increase c. Equity increase d. Increase resulting from promotion or reclassification.
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Order of Increases. If more than one salary adjustment takes place on the same date, actions occur in the following order: a. Salary Range adjustment b. Merit increase c. Equity Increase 1. Settlement Payment of $1,000 – See Side Letter “Settlement Agreement – ULP” 2. Effective October 2010, the University will increase all salary ranges in the unit by two and a half percent (2.5%), by applying the provisions of §A.4., above. 3. Effective January 2011, eligible employees in the RX bargaining unit receive a merit increase, in accordance with the provisions of §A.5., above.
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Order of Increases. Order of Increases. If more than one hourly wage adjustment takes place on the same date, actions occur in the following order: 1. Salary range adjustment 2. Individual merit step increase 3. Individual equity adjustment 4. Salary action resulting from promotion, reclassification, transfer, or demotion. In the event an individual’s salary remains below the new range minimum after the implementation of all base building increases, his/her salary will be increased to the new range minimum.
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Order of Increases. If more than one hourly wage adjustment takes place on the same date, actions occur in the following order:
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Order of Increases. If more than one salary adjustment takes place on the same date, actions occur in the following order: a. salary range adjustment b. equity adjustments, if any c. step increases d. salary action resulting from promotion, reclassification, transfer, or demotion. D. YEARS 4 & 5 – JULY 1, 2009 & 2010 STEP COMPENSATION 1. Salary Range and Equity Adjustments Range increases will be subject to re-opener bargaining. 2. Step Increases Step movements/increases will be subject to re-opener bargaining. 3. Order of Increases If more than one salary adjustment takes place on the same date, actions occur in the following order: a. salary range adjustment b. equity adjustments, if any c. step increases d. salary action resulting from promotion, reclassification, transfer, or demotion.
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Related to Order of Increases

  • Effective Date of Increase Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • 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.

  • Payment of increased costs The Borrower shall pay to the Agent, on the Agent’s demand, for the account of the Notifying Lender the amounts which the Agent from time to time notifies the Borrower that the Notifying Lender has specified to be necessary to compensate the Notifying Lender for the increased cost.

  • 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.

  • No Increases The City will not increase the Schedule of Rates and Charges during the Master Agreement term.