Step Rates Sample Clauses

A Step Rates clause defines a schedule of incremental changes to an interest rate, fee, or payment amount over time. Typically, this clause specifies predetermined intervals at which the rate or amount will increase or decrease, such as an interest rate that rises by a set percentage each year or a lease payment that escalates annually. The core practical function of a Step Rates clause is to provide predictability and transparency regarding future financial obligations, helping both parties plan for changes and manage risk associated with fluctuating costs.
Step Rates. The following step rates apply to all employees subject to the terms of this Collective Agreement to be paid as follows o Starting rate - 85% o After 12 months 90% o After 18 months 95% o After 24 months 100%
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Step Rates. Pay Grade Basis A B Sergeants 504 Hour $50.00 $51.27 Year $104,000 $106,642 Lieutenants 505 Hour $53.81 $55.12 Year $111,925 $114.650 Pay Grade Basis A B Sergeants 504 Hour $51.25 $52.55 Year $106,600 $109,304 Lieutenants 505 Hour $55.16 $56.50 Year $114,733 $117,520 Pay Grade Basis A B Rates Effective December 19, 2022 Sergeants 504 Hour $52.40 $53.73 Year $108,992 $111,758 Lieutenants 505 Hour $56.40 $57.77 Year $117,312 $120,162
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Step Rates. Section 1: The probationary period for new employees shall be 180 days. During this probation they can be discharged, suspended or demoted for any reason without just cause. Section 2: Upon approval of the Department Head/Appointing Authority or designee, Employees must serve 12 months in a specific position before becoming eligible for a step increase. Section 3: Successive step advances will occur every twelve (12) months thereafter, subject to the approval and recommendation of the Department Head/Appointing Authority.
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Related to Step Rates

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of ▇▇▇▇▇▇▇ needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at ▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇/▇▇▇. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.