Salary Compression Adjustment Sample Clauses

Salary Compression Adjustment. Salary compression refers to instances within a single rank (Associate Professor or Professor) in which previously tenured Faculty members who have reasonably equivalent merit ratings have salaries that are lower than other tenured Faculty members in their departments who were promoted more recently, assuming the same qualifications and expertise. The University shall commit resources equal to $350,000 (three hundred fifty-thousand dollars) to adjust pay to the extent funding is available for individuals in the bargaining unit who experienced salary compression. Prior to implementation, the University will meet and confer with FA representatives to discuss priorities and planned allocation of compression adjustment dollars. At this time, the FA representatives shall have the opportunity to provide feedback and recommend changes. Final determinations for the eligibility and funding distributions of compression adjustments will be concluded by June 30, 2020, for FY21 implementation. The approval of or failure to approve an individual compression increase under this section shall not be subject to the Grievance procedure in this Agreement.
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Salary Compression Adjustment. Effective August 16, 2019, bargaining unit members who were hired on or before August 16, 2014, in a title covered by the collective bargaining agreement, who have been continuously appointed for at least nine (9) months per academic year in a title covered by the collective bargaining agreement, and who as of August 15, 2019, earn between $45,000 and $64,999 per year for a 1.0 FTE position shall receive an increase to their salary equal to $125 per year for every consecutive year they have been employed in a full-time position covered by this agreement. This adjustment shall be made after the provisions of Section A of this Article have been applied. In no event shall the compression adjustment exceed ten percent (10%) of member’s salary after the provisions of Section A of this Article have been applied.
Salary Compression Adjustment. As part of this agreement, a one-time adjustment will be made prior to the salary increases outlined in paragraph B of this section. For faculty in their first year in rank, the 2023-2024 minimums will apply. For each additional year in rank, 1% will be added to the minimums, and will act as the new minimum for purposes of the compression adjustment calculation. Compression adjustment will be capped at $2,000. This article will not apply following the July 1, 2023 adjustment.

Related to Salary Compression Adjustment

  • Compensation Adjustments Any compensation agreed to hereunder may be adjusted from time to time by mutual agreement by attaching revised Schedules A or B to this Agreement.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Contract Term Adjustment “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Non pre-priced Adjustment Factor To be applied to Work deemed not to be included in the CTC but within the general scope of the work:

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Pay Adjustments (1) Where the rate of pay of a position or job is adjusted upwards, the employee shall be placed on the lowest step of the new pay range which will give him/her a monthly increase and the increment anniversary shall be that date.

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