Merit Raise Sample Clauses

Merit Raise. (a) Eligible employees will receive merit raises in accordance with this section on their next regular anniversary date.
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Merit Raise. Full Professors who have been in that rank at least three (3) years and all other faculty who have been in their rank for at least five (5) years may apply for merit raise in recognition of continuing and long-term contributions by using the same procedure as promotions (subparagraph c of this article) except that they shall address the qualifications for merit raises. Merit raises shall be $2,600. Merit raises shall be added as a permanent adjustment to the faculty member’s base salary. A faculty member who has received a merit raise may not apply for a merit or special salary adjustment for a minimum of five (5) years.
Merit Raise. At the written request of the department manager, or three Town employees, the Town Manager may grant a merit raise in an amount not to exceed 3% of base pay in any one year if the employee has demonstrated exceptional performance in accordance with regulations promulgated by the Human Resources Department. Approved merit raises shall be granted to employees who have been at maximum step for at least one year. No employee shall be granted a merit raise in excess of the merit step set forth in the compensation plan, such step to be 10% of the maximum step in the applicable pay grade.
Merit Raise. The dollar amount of the departmental merit salary increase shall be determined by dividing the faculty member’s merit value by the sum of all the merit values within a department, and then multiplying that fraction by the total amount of departmental merit money allocated to the department, as listed in subsection g. For example, if Doe’s department was allocated $5,000 for departmental merit salary increases, and Doe’s merit value is 70,000, while the sum of all the merit values in the department is 500,000, then Doe would receive a departmental merit salary increase of (70,000/500,000) x $5,000 = $700.
Merit Raise. The dollar amount of the departmental merit salary increase shall be determined by dividing the faculty member’s merit value by the sum of all the merit values within a department, and then multiplying that fraction by the total amount of departmental merit money allocated to the department, as listed in subsection f. For example, if Doe’s department was allocated $5,000 for departmental merit salary increases, and Doe’s merit 13 The sum of merit scores in each required category over the three (3) years (2007-08, 2008-09, and 2009-10) will be divided by three (3) to give a merit score in each category. A faculty member who was on a paid leave will have the sum of their merit scores in each required category divided by three minus the number of years on paid leave. A faculty member who has been on a one (1) year, half (1/2) pay sabbatical will have the sum of merit scores in each required category divided by two (2) to give a merit score in each category. Faculty members who have been out of the unit (e.g., chairs) will have the sum of merit scores in each category divided by the number of years they were in the bargaining unit. value is 70,000, while the sum of all the merit values in the department is 500,000, then Doe would receive a departmental merit salary increase of (70,000/500,000) x $5,000 = $700.

Related to Merit Raise

  • Management Board 6.1 The Management' Board is responsible for the overall strategic direction of the Integrated Service. Its functions and terms of references are set out in Schedule 3 Part I to this Agreement. REGIONAL ADOPTION SERVICE MANAGER

  • Special Committee The term “Special Committee” shall have the meaning as provided in Section 13(a).

  • Merit Increases (a) Subject to documented assessment and performance review undertaken pursuant to the Performance Management System, an employee on anniversary date may be granted an increase of up to five pay increments in the pay scale, not to exceed the control point maximum.

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Joint Consultation Committee 5.0.1 A Joint Consultation Committee will be established to consult about issues relating to the workplace that affect the Parties or any employee bound by this Agreement.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board.

  • Governing Board 1. The Centre shall be guided and overseen by a Governing Board renewed every 3 years and include:

  • Advisory Board (a) The Managing Member may establish an Advisory Board comprised of members of the Managing Member’s expert network and external advisors. The Advisory Board will be available to provide guidance to the Managing Member on the strategy and progress of the Company. Additionally, the Advisory Board may: (i) be consulted with by the Managing Member in connection with the acquisition and disposal of a Series Asset, (ii) conduct an annual review of the Company’s acquisition policy, (iii) provide guidance with respect to, material conflicts arising or that are reasonably likely to arise with the Managing Member, on the one hand, and the Company, a Series or the Economic Members, on the other hand, or the Company or a Series, on the one hand, and another Series, on the other hand, (iv) approve any material transaction between the Company or a Series and the Managing Member or any of its Affiliates, another Series or an Economic Member (other than the purchase of interests in such Series), (v) provide guidance with respect to the appropriate levels of annual fleet level insurance costs and maintenance costs specific to each individual Series Asset, and review fees, expenses, assets, revenues and availability of funds for distribution with respect to each Series on an annual basis and (vi) approve any service providers appointed by the Managing Member in respect of the Series Assets.

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