EQUITY ADJUSTMENTS Clause Samples
The Equity Adjustments clause defines how changes to a company's equity structure, such as stock splits, dividends, or recapitalizations, will affect the rights and obligations of parties holding equity interests or related instruments. In practice, this clause ensures that if the company issues additional shares, consolidates shares, or undertakes similar actions, the terms of options, warrants, or convertible securities are adjusted proportionally to maintain the holder's economic position. Its core function is to protect stakeholders from dilution or unintended changes in value due to corporate actions, thereby ensuring fairness and predictability in equity-related agreements.
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EQUITY ADJUSTMENTS. An equity adjustment is a special salary action to correct an inequity that cannot be corrected within the normal salary guidelines. This adjustment is used to react to sudden shifts in the competitive market where the hiring rate of a new candidate may cause an internal inequity. Consequently, an adjustment may be applied to individual bargaining unit members or a specific classification affected by the inequity. The University shall provide the SEIU District 1199 Executive Board Member/Chair or designee with supporting documentation prior to the effective date of the equity adjustments. The award (and amount) of any equity adjustments shall be at the discretion of administration and shall not be grievable.
EQUITY ADJUSTMENTS. The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows:
EQUITY ADJUSTMENTS. The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows: The monies listed below will be applied to the rates in accordance with the principles of this memorandum of agreement and the Joint Job Evaluation Plan and will be allocated addressing classification with the largest disparities first. April 1, 2006 $474,879.00 April 1, 2007 $491,593.00 April 1, 2008 $516,150.00 April 1, 2009 $549,157.00 The parties agree to abide by the Continuity of Service and Employment Memorandum which was signed on June 13, 2013 and expires on October 31, 2022. A "status employee" is defined as an employee who is identified as being a person registered as an Indian, under the Federal Indian Act. A status employee who is in receipt of the health and welfare benefits provided under the Federal Indian Act will not be subject to the restrictions in Clause 27.6(a) (Extended Health Plan).
EQUITY ADJUSTMENTS. A pool of 0.5% of payroll (base pay plus wage-related rollup costs) for the entire bargaining unit has been set aside for equity adjustments as follows:
EQUITY ADJUSTMENTS. Effective the first full pay period in November 2021, the salaries of all classifications in AFSCME shall be increased to median using 2021 salary numbers and utilizing the implementation recommendations of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, such as internal alignment between classifications, placement of classifications in pay tables, and pay tables of 2.5% between ranges and 2.5% between steps. The 3.0% wage increase set forth in Article
23.1 to be effective the pay period that includes April 1, 2021 shall not negatively impact the amount of equity adjustment increase required for classifications to achieve median described in this paragraph.
EQUITY ADJUSTMENTS. There will be no equity adjustments.
EQUITY ADJUSTMENTS. The County agrees, following Board of Supervisors approval of this Agreement, to implement equity adjustments effective 6/28/14 as specified below: Assistant Nurse Manager (approximately 7.5%) Clinic Assistant (approximately 2.5%) Clinic Supervisor – ARMC (approximately 2.5%) Clinic Supervisor - Public Health (approximately 2.5%) Mental Health Nurses Manager - ARMC (approximately 2.5%) Nurse Manager (approximately 2.5%) Sheriff’s Communication Dispatcher II Trainee, II, and III (approximately 2.5%) Sheriff’s Custody Specialist (approximately 1.25%) Sheriff’s Custody Specialist – 12 Hour Shift (approximately 1.25%) Sheriff’s Supervising Communication Dispatcher (approximately 2.5%) Eligible employees will be placed on the appropriate step in the higher range based on the agreed upon equity adjustment for the particular classification, not to exceed the maximum step of the new range. The employee shall be eligible to advance to the next step, if applicable, upon completion of 2,080 service hours at the new range and step, in accordance with the requirements of the Merit Advancements Article. Service hours for the purpose of determining eligibility for the next merit advancement will not reset for employees who are receiving an equity increase of approximately 1.25%. These employees shall be eligible to advance to the next step, if applicable, upon completion of 2,080 service hours from their most recent merit advancement. The County will establish an equity pool of approximately $4,300,000, with an annualized amount equivalent of up to $2.3 million to be implemented in September 2014, and the remaining to be implemented in July 2015 as specified in Appendices E and E. Eligible employees will be placed on the step in the higher range that is approximately 1.25% to 2.5% increase not to exceed the maximum step of the new range. With the exception of an employee who is receiving an equity increase of approximately 1.25%, following placement on the step in the higher range an employee shall be eligible to advance to the next step, if applicable, upon completion of 2,080 service hours at the new range and step, in accordance with the requirements of the Merit Advancements Article. The amount of such increases shall not exceed the economic authority previously granted by the Board of Supervisors.
EQUITY ADJUSTMENTS. The County agrees, effective December 10, 2016, to implement equity adjustments as specified in Appendix D: Service hours for the purpose of determining eligibility for the next merit advancement will not reset for employees who are receiving an equity increase of less than two and one-half percent (2.5%). These employees shall be eligible to advance to the next step, if applicable, upon completion of 2,080 service hours from their most recent merit advancement. Employees who receive an equity increase of two and one-half percent (2.5%) shall be eligible to advance to the next step, if applicable, upon completion of 1,040 service hours at the new range and step. Employees who receive an equity increase of more than two and one-half percent (2.5%) shall be eligible to advance to the next step, if applicable, upon completion of 2,080 service hours at the new range and step.
EQUITY ADJUSTMENTS. Effective September 19, 2021, the Crisis Specialists (1488), Licensed Crisis Specialist (1486), and Crisis Specialist III (1485) will receive a 6.0% adjustment. Effective August 21, 2022, all classifications identified as below median in the County’s attached survey will be brought to market the first full pay period following ratification and adoption by the Board of Supervisors. See Attachment B.
EQUITY ADJUSTMENTS. Employees represented by this bargaining unit will receive an additional 1.0% equity adjustment to base hourly rate at the start of each fiscal year of the MOU.