Annual Increase. During the Contract Period, the Compensation Committee of the Board and the Board shall review Executive’s compensation on an annual basis. The Board may, in the exercise of its discretion, award Executive increased compensation to reflect the impact of inflation, his performance, Employer's financial performance, and competitive compensation levels, all as determined in the sole discretion of the Board. Any increase in compensation may take any form, including but not limited to an increase in annual salary.
Annual Increase. During the Contract Period, the Board of Directors of the Employer shall review not less than annually, the Executive’s compensation and shall award him or her additional compensation to reflect the Executive’s performance and the performance of the Employer and the Company corporate group, and competitive compensation levels, all as determined in the discretion of the Board of Directors of the Employer. Additional compensation may take any form including but not limited to increases in annual salary, incentive bonuses and/or bonuses not tied to performance.
Annual Increase. Service Company shall have the right to increase the Services Fee at any time, and any such increases shall be immediately effective; provided, however, that, in any fiscal year, Service Company’s aggregate total increases in the Services Fee for such fiscal year may not exceed five percent of the Services Fee then in effect on the first day of such fiscal year. However, failure by the Service Company to increase the Services Fee by the full five percent in any fiscal year shall not operate as a waiver of Service Company’s right to adjust and correct retroactively the full amount of the five percent increase due in all subsequent fiscal years.
Annual Increase. The Board of Directors of Company during the Contract Period shall review annually, or at more frequent intervals which the Board determines is appropriate, the Executive’s compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors. Additional compensation may take any form including but not limited to increases in the annual salary, incentive bonuses and/or bonuses not geared to performance. However, in no event shall the percentage increase in compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey-ALL Items) during the preceding twelve months.
Annual Increase. Employees shall be granted annual step increases on July 1 provided the employee is not at the top of the salary range attached to his/her classification and provided the employee's work performance is satisfactory as reflected in his/ her performance evaluation. Newly hired employees must be working March 1 to be eligible for the annual step increase. Regular employees that are promoted to a higher classified position after March 1, who have received a minimum of a 5% increase as a result of the promotion are not eligible for a step increase in that position on July 1.
Annual Increase. The hourly rates from the previous year shall be increased annually by the same percentage as the base salary. The District will provide each bargaining unit member with information regarding extra duty salaries during the week of inservice each fall.
Annual Increase. The Base Consulting Fee may be adjusted from time to time, by mutual written agreement of the parties to reflect, amongst other things cost of living increases and compensation paid to executive officers of companies similar to the Company.
Annual Increase. During the Contract Period the Board of Directors of the Employer shall review annually, or at more frequent intervals which the Board determines to be appropriate, the Executive’s compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s performance, the performance of the Employer and the CPB corporate group, and competitive compensation levels, all as determined in the discretion of the Board of Directors of the Employer. Additional compensation may take any form including but not limited to increases in annual salary, incentive bonuses and/or bonuses not tied to performance. However, in no event shall the percentage increase in annual compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey – All Items) during the preceding twelve months.
Annual Increase. The percentage increase in all wage rates in each year of this Collective Agreement shall be as follows: YEAR 1 – October 1, 2019 to September 30, 2020 --- 2.98% YEAR 2 – October 1, 2020 to September 30, 2021 --- 2.1% YEAR 3 – October 1, 2021 to September 30, 2022 --- 2.1% YEAR 4 – October 1, 2022 to September 30, 2023 --- 2.1%
Annual Increase. Deleted by agreement.
