Minimum Monthly Salary Increases Sample Clauses
The Minimum Monthly Salary Increases clause establishes a guaranteed baseline for periodic salary raises for employees. Typically, it specifies that employees’ monthly salaries will increase by a set percentage or fixed amount at regular intervals, such as annually, regardless of other performance or market factors. This clause ensures that employees receive predictable and consistent wage growth, protecting them from wage stagnation and providing financial security over time.
Minimum Monthly Salary Increases. 19.4.1 - At the beginning of the first term following a ninety (90) day implementation period after ratification by both Parties, and for the period until September 15, 2018, the minimum annual salary rate for 12-month and 9-month Graduate Assistant appointments will increase by 5.64%.