Anomaly Increases Sample Clauses

The "Anomaly Increases" clause defines how adjustments are made to contract terms or pricing in the event of unexpected or abnormal changes, often in costs or quantities. Typically, this clause outlines the process for identifying what constitutes an anomaly, the method for calculating the increase, and the steps both parties must follow to address the change—such as providing notice or documentation. Its core function is to ensure fairness and predictability by allowing for contract modifications when unforeseen anomalies occur, thereby protecting both parties from undue risk or loss.
POPULAR SAMPLE Copied 1 times
Anomaly Increases. A salary anomaly exists whenever a faculty member or librarian is paid at a salary that is significantly lower than his or her colleagues in the same discipline (or closely related discipline) who have similar records of accomplishment and similar seniority, and where there exists no legitimate reason for the disparity (e.g., prior merit awards or a starting salary based on a prior distinguished record).
View SourceView Similar (12)
Anomaly Increases. Anomaly increases may be awarded as described below to address some effects of external market forces. A salary anomaly exists whenever a faculty member or librarian is paid at a salary that is significantly lower than his or her colleagues in the same discipline (or closely related discipline), and where there exists no legitimate reason for the disparity. Anomaly adjustments shall not counteract salary differences created by merit increases, by increases to individuals who have received retention increases under Section 26.7 of this Agreement, by the long-term compounding effects of early promotion to Associate Professor, by stipends, or by differences in prevailing market rates in sub-disciplines within a single department.
View Source

Related to Anomaly Increases

  • 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.

  • Pay Increases The District shall make a lump sum payment of an agreed-upon retroactive wage increase resulting from this contract or any amendments thereto within ninety (90) days of the agreement between the District and the Association.

  • Rent Increases The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal or extension of the Term of this Lease must be preceded by a - day notice of the same from the Landlord to the Tenant.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Merit Increases Merit increases shall be based on satisfactory service. Employees shall be eligible for in-range merit increases on their established anniversary date until such time they have reached the top step of the classification in which they are employed. The eligibility date, for the purpose of this section, shall be the date upon which the employees are granted their first in-range merit increase to the next step of their pay range. This eligibility date may be changed as a result of the timing of future in-range merit increases, promotions or reclassifications.