Common use of EQUITY ADJUSTMENTS Clause in Contracts

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.

Appears in 2 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding