Determining Step Movement Date Sample Clauses

The "Determining Step Movement Date" clause establishes the specific date on which an employee becomes eligible for a salary increase or progression to the next pay step within a structured pay scale. Typically, this clause outlines the criteria for calculating the movement date, such as the employee's anniversary of hire, completion of a set period of service, or fulfillment of performance requirements. By clearly defining when step increases take effect, the clause ensures consistency in pay administration and prevents disputes over eligibility, thereby promoting fairness and transparency in compensation practices.
Determining Step Movement Date a. Subject to adjustment for all periods of time not creditable as provided in subparagraph 4.c., the step movement date shall be determined as follows: 1) For Employees in the bargaining unit as of June 30, 1991, the step movement date shall be determined by the most recent date of hire. 2) For Employees who enter a position in the bargaining unit after June 30, 1991, the step movement date shall be determined by the date the Employee initially entered a position in the bargaining unit. 3) For Employees who re-enter a position in the bargaining unit after June 30, 1991, the step movement date shall be determined by the date the Employee re-entered a position in the bargaining unit. b. The Employee's step movement date determined under 5.a. shall not be adjusted upon movement to another position in the bargaining unit without a break in service, regardless of Employer jurisdiction.
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Determining Step Movement Date a. Subject to adjustment for all periods of time not creditable as provided in subparagraph 3.c., the step movement date shall be determined as follows: 1) For Employees who move to bargaining unit 14 on February 22, 2016, as a result of Act 137, SLH 2013; the step movement date shall be determined by the Employee's step movement date in the bargaining unit 03 or bargaining unit 04 on February 21, 2016. 2) For Employees who enter or re-enter a position in the bargaining unit after February 22, 2016, the step movement date shall be determined by the date the Employee initially entered or re-entered a position in the bargaining unit. b. The Employee's step movement date determined under 4.a. shall not be adjusted upon movement to another position in the bargaining unit without a break in service, regardless of Employer jurisdiction.
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Related to Determining Step Movement Date

  • Valuation Time At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in its reasonable discretion.

  • Actual Settlement Date Accounting With respect to any sale or purchase transaction that is not posted to the Account on the contractual settlement date as referred to in Section 2.5, Bank shall post the transaction on the date on which the cash or Financial Assets received as consideration for the transaction is actually received by Bank.

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • Contractual Settlement Date Accounting (a) Bank shall effect book entries on a "contractual settlement date accounting" basis as described below with respect to the settlement of trades in those markets where Bank generally offers contractual settlement day accounting and shall notify Customer of these markets from time to time.

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.