Merit Pool Increase Sample Clauses

Merit Pool Increase. A. Effective October 1, 2014, a merit pool equivalent to 2.75% of the eligible employees’ annualized wages will be established for distribution. 1. The minimum salary levels will be increased by 5.0% (reflected in table above) B. Effective October 1, 2015, a merit pool equivalent to 2.25% of the eligible employees’ annualized wages will be established for distribution. 1. The minimum salary levels will be increased by 2.0% (reflected in table above) C. Effective October 1, 2016, a merit pool equivalent to 2.0% of the eligible employees’ annualized wages will be established for distribution. 1. The minimum salary levels will be increased by 2.0% (reflected in table above) D. Effective October 1, 2017, a merit pool equivalent to 2.0% of the eligible employees’ annualized wages will be established for distribution. 1. The minimum salary levels will be increased by 2.0% (reflected in table above)