Adjustment of Incentive Earnings Sample Clauses

Adjustment of Incentive Earnings. Adjustment of Out-of-Line Differentials ................................... Wage Rate Inequity Grievances ............................................... Description and Classification of New or Changed Jobs ........................................................................
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Adjustment of Incentive Earnings. Incentive earnings will continue to be calculated on the basis of hourly rates used on September to calculate incentive earnings. In addition, employees on incentive will receive the total of the wage increases for the applicable job classifications granted since September plus the general wage increases (excluding increases in job class increments effective February and February and job class increases resulting from the Cooperative Can Industry Job Evaluation Manual for the applicable job classification) provided for in this Agreement. Adjustment of Out-of-Line
Adjustment of Incentive Earnings. Incentive earnings will continue to be calculated on the basis of hourly rates used on September to calculate incentive earnings. In addition, employees on incentive will receive the total of the wage increases for the applicable job classifications granted since September plus the general wage increases (excluding increases in job class increments effective February class increases Cooperative Can Industry Job Evaluation Manual --- for the applicable job classification) provided for in this Agreement. Adjustment of Out-of-Line Differentials to receive circle“ rate on shall receive his circle” for time worked on each such job plus the general wage increases provided for in this Agreement or applicable standard hourly rate for such job, whichever is the higher. Out-of-line differentials are thereby reduced or eliminated by the job class increment adjustment provided for in this Agreement on the effective date adjust- ment. In the case of an employee receiving an out-of-line pursuant to Paragraph (a) above, who is promoted or assigned to a job of higher job class, a new out-of-line differential shall be established for this employee if the rate for such job (as provided in Paragraph (a) above) is less than the standard hourly rate for the job from which promoted plus the employee’s out-of-line shall equal the standard hourly rate for the job from which promoted plus the terminated of-linedifferential rate for promoted. When an employee the training program for trade or craft or skilled jobs as defined and identified under the Manual applicable oftraining in the Manual. such employee’s rate shall not be reduced but he not be subject to periodic progression adjustments in his personal rate until such time as he is entitled to a higher rate in accordance with the applicable Wage Progression Schedule that he shall receive the general wage increases in job class increments for the applicable job classifications) which become effective during the period of this Agreement. The amount by which such employee’s rate at the time of entering the training program (as by the appli- cable general wage increases specified in the preceding Paragraph) exceeds the rate established for that applicable training period under the Manual shall be identified as such employee’s personal line differential. The progression from a training rate to higher rate in the applicable Wage Progression Schedule on such job shall operate to reduce the out-of-line differential in the amount of pro...

Related to Adjustment of Incentive Earnings

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • 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.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Deferred Earnings The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part LXVIII of the Income Tax Regulations, Section 6801.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

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