Equity Adjustments (Pilot) Sample Clauses

Equity Adjustments (Pilot). Upon request of the Appointing Authority, MMB may make equity adjustments and advance incumbents within a range, and/or provide a one-time lump sum of no more than $2,500 to an individual at the top of their salary range, to maintain internal equity. Only those with documented “satisfactory” or better performance are eligible for an equity adjustment. • Any request for an adjustment under this section must include an explanation of the inequity, and documentation to support an equity adjustment for an incumbent. • This provision is not subject to the grievance or arbitration process. This provision becomes effective upon the contract’s successful ratification by the legislature, and will sunset upon the legislature’s ratification of the 2021 – 2023 contract.
AutoNDA by SimpleDocs
Equity Adjustments (Pilot). Upon request of the Appointing Authority, MMB may make equity adjustments and advance incumbents within a range, and/or provide a one-time lump sum of no more than $2,500 to an individual at the top of their salary range, to maintain internal equity. • Only those with documented “satisfactory” or better performance are eligible for an equity adjustment. • Any request for an adjustment under this section must include an explanation of the inequity, and documentation to support an equity adjustment for an incumbent. This provision is not subject to the grievance or arbitration process. This provision becomes effective upon implementation of the 2023 – 2025 agreement and will remain in effect until a successor agreement is implemented.
Equity Adjustments (Pilot). Upon request of the Appointing Authority, MMB may make equity adjustments and advance incumbents within a range, and/or provide a one-time lump sum of no more than $2,500 to an individual at the top of their salary range, to maintain internal equity. • Only those with documented “satisfactory” or better performance are eligible for an equity adjustment. • Any request for an adjustment under this section must include an explanation of the inequity, and documentation to support an equity adjustment for an incumbent. • This provision is not subject to the grievance or arbitration process. This provision becomes effective upon the contract’s successful ratification by the legislature, and will sunset upon the ratification of the 2021 – 2023 contract. Sincerely, Xxxxxx Xxxxx Labor Relations Consultant cc: Xxxxx Xxxxxx Xxxxxxxx Xxxxxxxx Xxxx Xxxxxx Letter 14 400 Centennial Building • 000 Xxxxx Xxxxxx • St. Xxxx, Minnesota 55155 Voice: (000) 000-0000 • Fax: (000) 000-0000 • TTY: 0-000-000-0000 An Equal Opportunity Employer July 9, 2019 Xxxx Xxxxxx, Executive Director MAPE 0000 Xxxxxxxxx Xxx. N., Suite 300 Shoreview, MN 55126 Re: Student Loan Reimbursement Pilot Opt-in Dear Xxxx, As part of our negotiations with MAPE for the 2019-2021 Agreement, the parties discussed and agreed to a pilot program allowing agencies to opt-into a student loan reimbursement pilot subject to the below conditions: • An employee may request and an Agency may approve reimbursement for the employee’s student loan payments, made on their outstanding student loan balances. • In order to qualify for this reimbursement, the student loan payments must be made by the employee after the effective date of this agreement. • Student loan reimbursement payments shall not exceed five thousand dollars ($5,000) per calendar year per employee, up to twenty five thousand dollars ($25,000) in total payments if this pilot is continued in future yearsEmployees must have been employed by the Employer for at least 18 months. • Employees who are approved to receive a student loan payment reimbursement must remain employed by the Agency for a period of one (1) year after receiving a reimbursement payment. • Employees who separate from the Agency sooner than one (1) year after receiving a reimbursement payment shall be required to repay the student loan reimbursement received the previous year on a prorated monthly basis. • Loan reimbursement payments may be disbursed once or twice yearly, in accordance with ...
Equity Adjustments (Pilot). Upon request of the Appointing Authority, MMB may make 12 equity adjustments and advance incumbents within a range, and/or provide a one-time lump sum of 13 no more than $2,500 to an individual at the top of their salary range, to maintain internal equity.

Related to Equity Adjustments (Pilot)

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

Time is Money Join Law Insider Premium to draft better contracts faster.