Experience Increases Clause Samples
The 'Experience Increases' clause defines how and when adjustments to compensation or benefits are made based on an employee's accumulated experience. Typically, this clause outlines the criteria for recognizing additional years of service or relevant experience, which may result in salary increments, enhanced benefits, or changes in job status. For example, an employee might receive a pay raise after reaching a certain number of years with the company or after acquiring specific skills. The core function of this clause is to incentivize employee retention and reward professional growth, ensuring that experienced staff are compensated fairly for their tenure and expertise.
Experience Increases. Non-FTE Fellows’ stipends will increase to the next column in the stipend table on each annual renewal date.
Experience Increases. A. Every two years faculty whose hourly rate is between the minimum and maximum as stated in Article 7.6 section 1 A. and 1 B., above, shall receive $1.40 per hour increase in their individual employment agreement.
B. Faculty who successfully obtain tenure status shall receive a single step increase of $1.40 per hour.
C. Biennial experience steps will be earned by annually contracted employees who work more than one half of the contracted academic year
D. For new faculty members hired with an initial annual contract length greater than 108 days of the academic year in which they are hired, the initial contract will count as a full year when calculating a faculty members eligibility for experience steps. If the initial contract is less than 108 days, the faculty member's first year will be the first full academic year they are employed.
E. The effective date of experience steps shall be July 1
Experience Increases. A. Every two years faculty whose hourly rate is between the minimum and maximum as stated in Article 7.6 section 1 A. and 1 B., above, shall receive $1.40 per hour increase in their individual employment agreement. Faculty who are at or above the maximum rate will not receive any more experience increases.
B. Faculty who successfully obtain tenure status shall receive a single step increase of $1.40 per hour.
C. Biennial experience steps will be earned by annually contracted employees who work more than one half of the contracted academic year
D. For new faculty members hired with an initial annual contract length greater than 108 days of the academic year in which they are hired, the initial contract will count as a full year when calculating a faculty members eligibility for experience steps. If the initial contract is less than 108 days, the faculty member's first year will be the first full academic year they are employed.
E. The effective date of experience steps shall be July 1