Increment Calculation Clause Samples
The Increment Calculation clause defines how increases in payments, fees, or other financial amounts are determined over time within an agreement. Typically, this clause outlines the method for calculating increments, such as applying a fixed percentage increase annually or linking adjustments to an external index like inflation. Its core practical function is to provide a clear and predictable mechanism for adjusting amounts, thereby preventing disputes and ensuring both parties understand how future changes will be handled.
Increment Calculation a. Add the number of months teaching experience accrued from the zero date.
b. Divide the sum of these months of teaching experience by ten (10).
c. The derived quotient will equal the number of increments to be awarded, the remainder will be carried forward to the next increment calculation.
Increment Calculation. Add the number of months teaching experience accrued from the zero date.
Increment Calculation. The career increments shall be computed on the basis of total active (paid) accumulated years with the District as defined in Article VIII, Section 2, Subd. 9.