Annual Raises Sample Clauses

Annual Raises. 1. Each employee who continues in service for the year 2021- 2022 shall receive a salary increase of 2.5% to be added to the employee's 2020-2021 base salary effective at the beginning of the employment year as defined in Section 5.3 or as provided in Section 9.2.B.2.
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Annual Raises. Beginning on January 1, 2021, and throughout the term of the contract, an annual raise will be awarded to full-time salaried employees on January 1 of each year to reflect a year at CPD and part-time salaried employees will receive a raise in proportion to the amount of time they worked at their part-time schedule over the course of the year. For full-time employees who have been at CPD since before January 1 of the prior year, the raise amount will be $2,500. For full-time employees who have been employed since a date on or after January 1 of the prior year, the raise amount will be prorated based on the month of the employee’s start date, as follows: If you started at CPD in the previous year and have been at CPD since... You receive an annual raise of... January $2,292 February $2,083 March $1,875 April $1,667 May $1,458 June $1,250 July $1,042 August $833 September $625 October $417 November $208 December $0 Notwithstanding the ratification date of this Agreement, CPD will implement, no later than April 15, 2020, a one-time $2,500 raise retroactive to January 1, 2020, for employees who began employment prior to December 1, 2019 and who are employed on the date this raise is implemented.
Annual Raises. Beginning on the pay period immediately following contract ratification, the New Wage Chart will go into effect as reflected in the Appendix B . Each year on January 1, full-time employees will move to the appropriate year on the New Wage Chart, and part-time salaried employees will receive a raise to their base pay in proportion to the amount of time they worked at their part- time schedule over the course of the year. Additionally, each year on January 1, all employees who have been employed longer than 3 months will move up one step to reflect their time with LP. Should an employee reach the top step, they will continue to receive an annual increase to their base pay as shown in the New Wage Chart. Upon ratification of this Agreement, LP will recalculate all current employees on the New Wage Chart in Appendix B. Professional degrees and relevant work experience (including time spent at Local Progress) will be considered when placed on the scale, according to Section 1 of this article. Employees hired before the ratification of this Agreement will receive at least a ten percent (10%) salary increase over their salary from December 31, 2022 or be moved to the step closest to but not below that amount. This provision is intended to be a one-time increase, reflecting the unique nature of fiscal year 2023, and takes into account the historic shift of LP from being a fiscally sponsored project of CPD to an independent organization, and seeks to mitigate the impact of a historic level of inflation.
Annual Raises. There are two times each year when an employee may receive pay increases. The first date is the annual increase, when the new year’s wage chart will go into effect for all unit employees. The second date is the step-to-step increase, which occurs on an employee’s graduation date. Annual raises will be given, effective February 4, according to Appendix Wage Chart. Upon each employee’s graduation date, they will move to the next step. Employees who reach Step 10, would no longer receive further step-to-step increases, but will still receive annual increases.
Annual Raises. Annual raises will be given according to the following schedule: A. 2/4/19 raise of 3.5% B. 2/3/20 raise of 3.5%
Annual Raises. All employees who are employed a minimum of 75% of the required days for their classification, as outlined in 9.5 -9.7, during the preceding year, as defined in Section 8.2, shall receive a full raise for the following annual payroll cycle. For the first year of this contract, 2023-2024, all returning employees shall receive salary increases depending on their classification and the increasing state minimum wage. Custodians, maintenance workers, and office secretaries will all receive a 3.3% raise for 2023-2024. The new hourly rates for 2023-2024 for returning paraprofessionals, clerks, and food services workers shall be determined as outlined in the table below. Job Classification 2022 – 2023 Hourly Rate 2023 – 2024 Hourly Rate Paraprofessionals $13.85 $15.25 $14.11 $15.50 $14.51 $15.75 $14.94 $16.00 $15.35 $16.25 $15.50+ A 3.3% raise plus $0.25 Clerks $13.85 $15.25 $15.20 $16.25 $15.50+ A 3.3% raise plus $0.25 Food Service $13.00 $14.75 $14.00 $15.25 $15.00+ A 3.3% raise plus $0.25 An example of the 3.3% raise with one time $0.25/hr bump: 2022-23 Hourly Rate: $20 3.3% Raise is: $0.66 2023-24 Raise with bump: $0.91 ‘ 2023-24 Hourly Rate: $20.91 For the final four years of this contract, 2024-2028, all employees who are employed a minimum of 75% of the required days for their classification, as outlined in 9.5 -9.7, during the preceding year, as defined in Section 8.2, shall receive a full raise for the following annual payroll cycle. The annual raises for the final four years of the contract shall be: 2024 – 2025 3.3% 2025 – 2026 3.5% 2026 – 2027 3.6% 2027 – 2028 3.7% An employee employed less than 75% of the required days shall receive a raise of 1.5% or be placed at the starting rate for the new hires for that year, whichever is more, for the new annual payroll cycle.
Annual Raises. In addition to the base salary described in paragraph 4(a) above, Employee shall receive a 5% (Five percent) raise on each of the 2 (two) anniversary dates of the Effective Date.
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Annual Raises. Throughout the term of the contract, an annual raise will be awarded to full-time salaried employees at the start of the fiscal year (October 1). For full-time employees who have been employed by PRA for at least twelve (12) months as of October 1, the raise amount will be $2,000. For full-time employees who have been at PRA at least nine (9) months but less than twelve (12) months as of October 1, the raise amount will be $1,500. For full-time employees who have been at PRA at least six (6) months but less than nine
Annual Raises. The Employee will receive $120,000 for a twelve month period commencing April 15, 1999. The Employee will receive $144,000 for a twelve month period commencing April 15, 2000. The Employee will receive $168,000 for a twelve month period commencing April 15, 2001. All payments will be made in two equal installments per month on the 15th and last day of each month.

Related to Annual Raises

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Starting Salary All bargaining-unit positions will be hired at a starting salary commensurate with their experience. It is expected that those salaries will typically be within 20% of employees within that unit at a similar rank and/or experience level. In exceptional cases, bargaining-unit positions may be hired at a salary above that range contingent on extraordinary experience and extramural funding.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365);

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Annual 1. The sick leave year for conversion purposes begins on the day immediately following the last payroll period in November and extends through the last payroll period in November of the following year.

  • 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.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

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