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.
View SourceView Similar (2)
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
View SourceView Similar (2)
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
View Source

Related to Experience Increases

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.