Maximum Step Sample Clauses
The Maximum Step clause sets a defined upper limit on the incremental changes that can be made to a particular variable, such as price adjustments, interest rates, or payment increases, within a specified period. In practice, this means that even if market conditions or other triggers would otherwise justify a larger change, the adjustment cannot exceed the maximum step outlined in the agreement. This clause serves to protect parties from sudden, significant fluctuations, ensuring predictability and financial stability by capping the extent of each adjustment.
Maximum Step. Employees whose salary is at the maximum step at the start of a given fiscal year are not eligible for step increases, but they remain eligible for negotiated across the board increases.
Maximum Step. A payment in the amount of 2% of the maximum step of the teacher's salary track will be made to all certified employees who have been on the maximum step of their salary track for at least one
(1) year, but who are not eligible for maximum step payments based on years of service with the District as provided below. A payment in the amount of 3% of the maximum step of the teacher's salary track will be made to all certified employees who have been on the maximum step of their salary track for at least one
(1) year and have ten (10) to fourteen (14) years of service with the District. A payment in the amount of 4% of the maximum step of the teacher's salary track will be made to all certified employees who have been on the maximum step of their salary track for at least one
(1) year and have fifteen (15) or more years of service with the District. The maximum step benefit will be paid to a teacher who has earned it at the top step of one salary track of the salary schedule and moves from that top step to the top step of another salary track so long as the move from one track to the next does not include a step increase. Teachers with fourteen (14) years of experience or more who are receiving a maximum step payment will continue to receive said payment when they move from the top step of one salary track to the top step of another salary track.