AUTOMATIC RATE PROGRESSION Sample Clauses
The Automatic Rate Progression clause establishes a mechanism for periodically increasing rates or fees under a contract without the need for renegotiation or additional agreement. Typically, this clause specifies the timing and amount of each rate increase, such as annual percentage adjustments or increments tied to an index like inflation. Its core practical function is to ensure that compensation keeps pace with rising costs or market changes, thereby protecting the service provider from eroding value over time and reducing the administrative burden of frequent contract amendments.
AUTOMATIC RATE PROGRESSION. An employee on the active payroll whose base rate is below the maximum of the 20 assigned classification, shall receive an automatic wage increase of twenty-five 21 cents ($.25) per hour, or such lesser amount as is necessary to bring the employee's 22 base rate to the labor grade maximum, on the first day of the second pay period of
AUTOMATIC RATE PROGRESSION. Section 12.1 An employee on the active payroll shall receive an automatic base rate increase of thirty (30) cents per hour on the dates listed in Section 12.2 below until they reach the rate range maximum of their assigned labour grade. If at the time of an automatic base rate increase, an employee's base rate is twenty-nine (29) cents or less from the maximum base rate of their assigned classification, the increase will be the amount necessary to reach, but not exceed, the maximum base rate. Nothing in this Article, however, shall limit the Company at any time from placing an employee at any level in the progression schedule. Employees on progression may be assigned any work described for the job classification in which they are classified. Provisions of this paragraph do not apply to any employee whose base rate exceeds the rate range maximum of their assigned labour grade.
Section 12.2 The dates on which increases described in the Section 12.1 above shall be effective are: July 23, 2018 November 12, 2018 March 4, 2019 June 24, 2019 October 14, 2019 February 3, 2020 May 25, 2020 September 14, 2020 January 4, 2021 April 26, 2021 August 16, 2021 December 6, 2021 March 28, 2022 July 18, 2022 November 7, 2022 February 27, 2023
AUTOMATIC RATE PROGRESSION. An employee on the active payroll shall receive an automatic base rate increase of thirty (30) cents per hour on the dates listed in Section 12.2 below until they reach the rate range maximum of their assigned labour grade. If at the time of an automatic base rate increase, an employee's base rate is twenty-nine (29) cents or less from the maximum base rate of their assigned classification, the increase will be the amount necessary to reach, but not exceed, the maximum base rate. Nothing in this Article, however, shall limit the Company at any time from placing an employee at any level in the progression schedule. Employees on progression may be assigned any work described for the job classification in which they are classified. Provisions of this paragraph do not apply to any employee whose base rate exceeds the rate range maximum of their assigned labour grade.
AUTOMATIC RATE PROGRESSION. The base rate of an employee in the active payroll whose base rate is below the maximum for the assigned 25 classification shall receive an automatic wage increase as follows: