Equity Adjustments (Pilot) Sample Clauses
The Equity Adjustments (Pilot) clause establishes a mechanism for modifying the equity holdings or allocations of participants in a pilot program or project. Typically, this clause outlines the circumstances under which equity shares may be increased, decreased, or otherwise adjusted, such as in response to performance milestones, additional investment, or changes in project scope. By providing a clear framework for equity changes, the clause helps ensure fairness among participants and addresses potential disputes over ownership as the pilot evolves.
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.
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.
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 will sunset upon implementation of the 2025-2027 contract.
Equity Adjustments (Pilot). Upon request of the Appointing Authority, MMB may make