STEP ADJUSTMENTS Clause Samples

STEP ADJUSTMENTS. All step advancements shall occur on the first day of work of each new school year. To achieve a step advancement, a bargaining unit member must have been actively employed in her current classification for no less than ninety (90) work days the prior school year. There shall be no fractional step adjustments.
View SourceView Similar (6)
STEP ADJUSTMENTS. Each July 1, each employee who was employed in a bargaining unit position prior to the immediately preceding January 1 may be eligible for one full step on the hourly rate schedule. Part-time employees shall be treated as full-time employees for the purpose of movement on the salary schedule.
View SourceView Similar (6)
STEP ADJUSTMENTS. Effective upon each employee’s employment anniversary date, said employee shall be placed on the next greater salary schedule step except all time on layoff and each unpaid leave of absence in excess of fourteen (14) calendar days shall result in an equal delay in an employee’s movement to the next greater salary schedule step.
View SourceView Similar (5)
STEP ADJUSTMENTS. 10.1 The Company shall be allowed three step adjustments as follows: (a) Step 1 shall reflect an increase to account for calendar year 2019 plant-in-service and shall be implemented concurrent with the increase in base rates in this proceeding. This first step shall be subject to the following conditions: i. The revenue requirement shall be capped at $11 million. ii. The step shall include only allowed projects and annual projects and programs closed to plant in 2019, excluding new business/growth-related projects. iii. The rate for the first step shall be designed to recover the value of the step adjustment from January 1, 2021 through July 31, 2021. Beginning August 1, 2021 (the rate effective date of the second step adjustment), the rate shall be adjusted going forward to reflect a 12-month calendar recovery of the first step. iv. The projects and programs that may be included in the step are identified in the listing attached as Appendix 5. (b) Step 2 shall reflect an increase for calendar year 2020 plant-in-service and shall be effective August 1, 2021, subject to the following conditions: i. The revenue requirement associated with this step shall be capped at $18 million. ii. This step shall include only allowed projects/programs closed to plant in 2020, excluding new business/growth-related projects. iii. The projects and programs that may be included in this step are identified in the listing attached as Appendix 5. The Settling Parties agree that the Company may substitute projects prior to the commencement of the review period if projects identified in this appendix are not deployed. (c) Step 3 shall reflect an increase for calendar year 2021 plant-in-service to be effective August 1, 2022 and shall be subject to the following conditions: i. The revenue requirement associated with this step shall be capped at $9.3 million. ii. This step shall include only allowed projects and programs closed to plant in 2021, excluding new business/growth-related projects. 10.2 For the first step, the following process shall apply. In recognition of the limited time to make changes to the Company’s documentation as well as the historical nature of the projects in issue, for the first step increase related to capital investments made in 2019, the Company shall make a filing at or around the time of the filing of this Settlement Agreement with testimony and supporting information describing the capital projects placed in service in calendar year 2019, as well as te...
View SourceView Similar (4)
STEP ADJUSTMENTS. Effective upon each employee’s employment anniversary date, said employee shall be placed on the next greater salary schedule step except all time on layoff and each unpaid leave of absence in excess of fourteen (14) calendar days shall result in an equal delay in an employee’s movement to the next greater salary schedule step. There shall be no step adjustment for the 2015-16 fiscal year. This is a permanent freeze and progression to the very next step will only continue when the freeze is lifted. Once the 2015 Fall Count is confirmed, wages could be negotiated.
View SourceView Similar (3)
STEP ADJUSTMENTS. Steps will be awarded based on the salary schedule in Article 11(D).
View Source
STEP ADJUSTMENTS. Steps will be awarded based on the salary schedule in Article 11(E). The effective date of placing an employee on a higher step will be determined by Article 11(E) or a future letter of agreement or tentative agreement.
View Source
STEP ADJUSTMENTS. The Settling Parties agree that the revenue requirement increase for the residential rate class, Rate D, shall be set at 115 percent of the Company’s overall average increase. The revenue requirement increase for all other rate classes shall be based on an equal percentage increase. 9.3.1 The increases shall be collected through customer, demand or energy charges as applicable for all rate classes, except a) for the residential class where there will be no changes to the customer charge, and b) for outdoor lighting, where the increase shall applied on an equal percentage basis to all luminaire charges. 9.3.2 The resulting class revenue requirement targets and final distribution rates for effect May 1, 2011, including the permanent rate increase and May 1, 2011 step adjustment, are presented in Attachment 4. The step adjustment will be recalculated to include the Rate Case Expense, once determined and approved. 9.3.3 Future Step Adjustments shall be calculated using current distribution rates and test year billing determinants in the same manner as shown on Attachment 4. 9.3.4 ▇▇▇▇ impacts based on average use for each class are summarized for permanent rates and step adjustments in Attachment 5. ▇▇▇▇ impacts at various usage levels are provided in Attachments 5(a) through 5(e).
View Source

Related to STEP ADJUSTMENTS

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.