Parity Compensation Clause Samples
A Parity Compensation clause ensures that parties to an agreement receive equivalent or fair compensation, typically when there are changes in circumstances or discrepancies in benefits. This clause may require one party to make additional payments or adjustments if the other party receives more favorable terms, such as higher wages, better benefits, or improved contractual conditions. Its core practical function is to maintain fairness and balance between parties, preventing one side from gaining an unintended advantage due to external changes or renegotiations.
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Parity Compensation. If during the duration of this contract the Board of Trustees approves an across-the- board salary increase or lump sum payment in lieu of a salary increase for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount ACF members receive (as outlined in Section 22.04-B), ACF faculty pay will be adjusted so that ACF members receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grants, or to any other payments to groups or individuals not intended as a general adjustment to salaries or in lieu of a salary increase, such as a one-time payment in recognition of specific services rendered, a payment to resolve a dispute, or a signing bonus paid in connection with ratification of a collective bargaining agreement. This provision also does not apply to individual merit increases or bonuses, unless such merit increases or bonuses become the primary means of adjusting salaries for another bargaining unit or a broad class of non-bargaining unit employees during the duration of this contract. Notwithstanding this section at no time will an ACF be paid above the ACF hourly rate cap.
Parity Compensation. If during the duration of this contract the Board of Trustees approves an across- the-board salary increase or lump sum payment for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount ACF members receive (as outlined in Section 22.04-B), ACF faculty pay will be adjusted so that ACF members receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grants. This provision also does not apply to individual merit increases or bonuses, unless such merit increases or bonuses become the primary means of adjusting salaries for another bargaining unit or a broad class of non-bargaining unit employees during the duration of this contract.
Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment for another bargaining unit or a broad class of non- bargaining unit staff within a fiscal year that is greater than the amount tenure-track faculty members receive (as outlined in Section 23.02), tenure-track faculty pay will be adjusted so that faculty members receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grants. This provision also does not apply to individual merit increases or bonuses, unless such merit increases or bonuses become the primary means of adjusting salaries for another bargaining unit or a broad class of non-bargaining unit employees during the duration of this contract.
Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment in lieu of a salary increase for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount tenure-track faculty members receive (as outlined in Section 23.02), tenure-track faculty pay will be adjusted so that faculty members receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grants, or to any other payments to groups or individuals not intended as a general adjustment to salaries or in lieu of a salary increase, such as a one-time payment in recognition of specific services rendered, a payment to resolve a dispute, or a signing bonus paid in connection with ratification of a collective bargaining agreement. This provision also does not apply to individual merit increases or bonuses, unless such merit increases or bonuses become the primary means of adjusting salaries for another bargaining unit or a broad class of non-bargaining unit employees during the duration of this contract.
Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment in lieu of a salary increase for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount the members receive as salary or market increase compensation members’ pay will be adjusted so that they receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grant, or to any other payments to groups or individuals not intended as a general adjustment to salaries or in lieu of a salary increase, such as a one-time payment in recognition of specific services rendered, a payment to resolve a dispute, or a signing bonus paid in connection with ratification of a collective bargaining agreement. This provision also does not apply to individual merit increases or bonuses.
Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount the members received during the same fiscal year, the members’ pay will be adjusted so that they receive parity for that fiscal year. This parity obligation does not apply to adjustments to starting pay; market salary adjustments; job reclassifications; departmental reorganizations; adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College; increases imposed by external agencies or adjudicators; or increases provided by individual contracts or grants. This provision also does not apply to individual merit increases or bonuses. For open positions, the minimum hiring rates for new hire postings will be adjusted for parity increases applied since the effective renewal date of this contract.
Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount the members receive - as outlined in Section 1(A) - members’ pay will be adjusted so that they receive parity for that fiscal year. This provision does not apply to market salary adjustments, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grants. This provision also does not apply to individual merit increases or bonuses.
Parity Compensation. If during the duration of this contract, the Franklin County Board of Commissioners approves (or takes effect by operation of law) an across-the-board wage increase for another bargaining unit under the appointing authority of the Franklin County Board of Commissioners or a new contract for another bargaining unit is approved (or takes effect by operation of law) under the appointing authority of the Franklin County Board of Commissioners or another such agreement is reached through mid-term bargaining with a bargaining unit under the appointing authority of the Franklin County Board of Commissioners as outlined in Sections 1 or 2 of this article or Appendix A, employees’ pay will be adjusted so that they receive parity for that fiscal year and going forward. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the Franklin County Board of Commissioners, job reclassifications, departmental reorganizations, or increased provided by individual contracts or grants. This provision also does not apply to individual merit increases or bonuses. The provision also does not apply to any bargaining unit not under the appointing authority of the Franklin County Board of Commissioners.