Compensation Increase Clause Samples
A Compensation Increase clause sets out the terms under which an employee’s salary or wages may be raised during the course of their employment. Typically, this clause details the timing, conditions, or performance metrics that must be met for an increase to occur, such as annual reviews, achievement of specific goals, or adjustments based on market rates. Its core function is to provide transparency and predictability regarding pay progression, helping both employer and employee understand when and how compensation changes may happen.
Compensation Increase. Seller will not increase in any manner the compensation or fringe benefits of any of its directors or officers, pay any pension or retirement allowance to any directors or officers, or become a party to, amend, or commit itself to any pension, retirement, profit-sharing, welfare benefit plan, or employment agreement with or for the benefit of any director or officer or amend any Seller Plan or Seller Benefit Arrangement, other than general increases in the compensation of, and the payment of bonuses to, officers in the ordinary course of business consistent with past practice.
Compensation Increase. The compensation payable to the Municipal Court Judge for services rendered during the renewed term shall be increased by five percent (5%) from the previous rate outlined in Addendum #2. The new base salary shall be $2,227.05 per month for services to the City as municipal court judge. The Municipal Judge is required to obtain ten (13) hours of CLE per year. The City shall pay the amount of $176.09 per CLE hour to compensate Municipal Judge for all costs of continuing legal education directly related to Municipal Court and/or criminal issues.
Compensation Increase. The compensation payable to the Municipal Court Judge for services rendered during the renewed term shall be increased by five percent (5%) from the previous rate outlined in the original Agreement and any prior addendums creating a new base salary of $2,100.00 per month for services to the City as municipal court judge.
Compensation Increase. Wage increases set forth herein shall become effective at the beginning of the first pay period on or after the dates designated.
Compensation Increase. The compensation payable to the Municipal Court Judge for services
Compensation Increase. CTI will not increase in any manner the --------------------- compensation or fringe benefits of any of its directors or officers, pay any pension or retirement allowance to any directors or officers, or become a party to, amend, or commit itself to any pension, retirement, profit-sharing, welfare benefit plan, or employment agreement with or for the benefit of any director or officer, other than general increases in the compensation of, and the payment of bonuses to, officers in the ordinary course of business consistent with past practice.