Periodic Increases Sample Clauses
The 'Periodic Increases' clause establishes a mechanism for regularly adjusting certain amounts or rates specified in an agreement, such as rent, service fees, or salaries, at set intervals. Typically, this clause outlines the frequency of increases (e.g., annually) and may specify the method of calculation, such as a fixed percentage, a set dollar amount, or linkage to an inflation index. Its core practical function is to ensure that payments or obligations keep pace with changing economic conditions, thereby protecting one or both parties from the effects of inflation or market shifts over the term of the contract.
Periodic Increases. Periodic increases are provided as follows:
A. Employees who are hired at the minimum step of the pay range will receive a two
Periodic Increases. An employee’s periodic increment date will be set and remain the same for any period of continuous service in accordance with the following:
A. Employees will receive a two (2) step increase to base salary annually, on their periodic increment date, until they reach the top step of the pay range.
B. Employees who are hired at the minimum step of their pay range will receive a two (2) step increase to base salary following completion of six
Periodic Increases. Employees will receive periodic increases as follows:
19.6.1 Employees who are hired at the minimum step of the pay range will receive a two (2)- step increase to base salary following completion of six (6) months of service, and an additional two (2)- step increase annually thereafter, until they reach the top of the pay range.
19.6.2 Employees who are hired above the minimum step of the salary range will receive a two (2) step increase annually until they reach the top of the pay range.
19.6.3 Employees in classes that have pay ranges shorter than a standard range will receive their periodic increases at the same intervals as employees in classes with standard ranges.
19.6.4 All periodic increases will be effective the first day of the month closest to the date on which the employee’s hire date (or probationary period end date) falls.
Periodic Increases. Periodic increases are provided as follows:
A. Employees who are hired at the minimum step of the pay range will receive a two (2) step increase to base salary following completion of six (6) months of service, and an additional two (2) step increase annually thereafter, until they reach the top of the pay range.
B. Employees who are hired above the minimum step of the salary range will receive a two (2) step increase to their base salary following completion of twelve (12) months of service, and an additional two (2) step increase annually thereafter, until they reach the top of the pay range.
C. Employees in classes that have pay ranges shorter than a standard range will receive their periodic increases at the same intervals as employees in classes with standard ranges, in accordance with Subsections A and B, above.
D. The effective date of the periodic increase will be the first day of the month it is due.
E. Employees hired before July 1, 2015 will retain their periodic increment date as of June 30, 2015.
F. All employees will progress to Step M six (6) years after being assigned to Step L in their permanent salary range.
Periodic Increases. Nurses will receive periodic increases as follows:
A. Nurses who are hired at the minimum step of the pay range will receive a two (2) step increase to base salary following completion of six (6) months of service, and an additional two (2) step increase annually thereafter, until they reach step K. After a nurse reaches step K, they will receive a one (1) step increase based on years of experience up to the maximum of the range.
B. Nurses who are hired above the minimum step of the salary range will receive a two (2) step increase annually, on their hire date, until they reach step K. After a nurse reaches step K, they will receive a one (1) step increase based on years of experience up to the maximum of the range.
Periodic Increases a. Employees hired at minimum step: Employees who are hired at the minimum step of the pay range will receive a two (2) step increase to base salary following completion of six (6) months of service, and an additional two (2) step increase annually thereafter, until they reach the top of the pay range.
b. Employees hired above minimum step: Employees who are hired above the minimum step of the salary range will receive a two (2) step increase annually until they reach the top of the pay range.
c. Classifications with modified pay ranges: Employees in classes that have pay ranges shorter than a standard range will receive their periodic increases at the same intervals as employees in classes with standard ranges in accordance with 4.5.1 and 4.5.2, below.
d. Employees governed by the “N1” range salary schedule who are hired at the minimum step for the pay range will receive a two (2) step increase to base salary following completion of six (6) month of service, and an additional two (2) step increase annually thereafter, until they reach Step
Periodic Increases. Periodic increases are provided as follows:
A. Employees who are hired at the minimum step of the pay range will receive a two (2) step increase to base salary following completion of six (6) months of service, and an additional two (2) step increase annually thereafter, until they reach the top of the pay range.
B. Employees who are hired above the minimum step of the salary range will receive a two (2) step increase to base salary following completion of twelve
Periodic Increases. An employee’s periodic increment date (PID) will be set and remain the same for any period of continuous OAH service in accordance with the following:
A. The period increment date (PID) is based on the employee’s initial date of hire with the Office of Administrative Hearings (OAH) as an Administrative Law Judge. The PID date is twelve (12) months from the OAH hire date.
B. Employees will receive a two (2) step increase to their base salary annually, on their periodic increment date, until they reach the top step of the pay range, currently Step L.
C. Employees who are appointed to another position with a different salary range maximum will retain their periodic increment date and will receive step increases in accordance with this section and 23.5 below.
Periodic Increases. Employees assigned to a salary range other than “N1” will receive periodic increases as follows:
1. Employees who are hired at the minimum step of the pay range will receive a two
Periodic Increases. An employee’s periodic increment date will be set and remain the same for any period of continuous service in accordance with the following:
A. All employees’ current periodic increment dates are retained.
B. Employees who are hired on or after July 1, 2007, at the minimum step of their pay range will receive a two (2) step increase to base salary following completion of six (6) months of continuous service and the date they receive that increase will be the employee’s periodic increment date. Thereafter, employees will receive a two (2) step increase annually, on their periodic increment date, until they reach the top of the pay range.
C. Employees who are hired on or after July 1, 2007, above the minimum step of the pay range will receive a two (2) step increase to base salary following completion of twelve (12) months of continuous service and the date they receive that increase will be the employee’s periodic increment date. Thereafter, employees will receive a two (2) step increase annually, on their periodic increment date, until they reach the top of the pay range.
D. Employees who are appointed to another position with a different salary range maximum will retain their periodic increment date and will receive step increases in accordance with paragraphs A-C above.
E. Except for Department of Natural Resources (DNR), seasonal career/cyclic employees periodic increment dates will be adjusted for time not worked.
F. When a periodic increment date coincides with a promotional date, the periodic increment date will be applied first.
G. All employees will progress to Step M six (6) years after being assigned to Step L in their permanent salary range. The Employer may increase an employee’s step to Step M to address issues related to recruitment, retention or other business-related reasons.