Timing of Increases Sample Clauses

The "Timing of Increases" clause defines when and how adjustments, typically to prices, fees, or payments, may take effect under an agreement. It specifies the schedule or conditions under which increases are permitted, such as annual adjustments, notice periods required before an increase, or specific dates when changes become effective. This clause ensures both parties are aware of and can plan for any future changes in costs, thereby providing predictability and preventing disputes over unexpected or retroactive increases.
Timing of Increases. 1. A new employee who has not completed his/her probationary period, on the day a general rate increase or pay progression is given, will receive the increase the pay period following completion of his/her probationary period. a. Any employee transferred or promoted into an AFSCME classification who received a performance evaluation for the prior year, must have received an “effective” in accordance with C above to receive his/her increase(s).
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Timing of Increases. Employee salaries will be increased by four percent (4%) per annum over the life of the Agreement according to the following timetable: • Four (4%) which shall apply from the first full pay period commencing on or after 2 February 2008; • Two further four (4%) rises which will be paid on the first full pay periods commencing on or after 2 February 2009 and 2 February 2010.
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Related to Timing of Increases

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

  • 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.

  • 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.

  • 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.

  • Lender Elections to Increase Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.