Common use of Basic Annual Salary Clause in Contracts

Basic Annual Salary. The basic annual salary schedules, with proportional application to hourly-rate employees, for those employees covered under the terms and conditions of this Agreement shall be increased as follows: Effective January 14, 2023 — the basic annual salary for each grade and step shall increase by an amount equal to 1.3% of the basic annual salary for the grades and steps in effect on May 17, 2022 (Table One and Table Two). Effective January 13, 2024 — the basic annual salary for each grade and step shall increase by an amount equal to 1.3% of the basic annual salary for the grades and steps in effect on May 17, 2022 (Table One and Table Two). Effective January 11, 2025 — the basic salary for each grade and step shall increase by an amount equal to 1.0% of the basic annual salary for grades and steps in effect on May 17, 2022 (Table One and Table Two).

Basic Annual Salary. The basic annual salary schedules, with proportional application to hourly-hourly rate employees, for those employees covered under the terms and conditions of this Agreement shall be increased as follows: Effective January 1421, 2023 2017 — the basic annual salary for each grade and step shall increase be increased by an amount equal to 1.3% of the basic annual salary for the grades and steps in effect on May 17January 20, 2022 2017 (Table One and Table Two). Effective January 1320, 2024 2018 — the basic annual salary for each grade and step shall increase be increased by an amount equal to 1.3% of the basic annual salary for the grades and steps in effect on May 17January 20, 2022 (Table One and Table Two). Effective January 11, 2025 — the basic salary for each grade and step shall increase by an amount equal to 1.0% of the basic annual salary for grades and steps in effect on May 17, 2022 2017 (Table One and Table Two).