Special Market Adjustments Sample Clauses

Special Market Adjustments. Where the City has experienced difficulties in retaining and recruiting employees within a category of employees with particular skill or qualification, it shall provide WAPSO with notice to discuss the implementation of a special adjustment. The notice shall include available recruitment data and market information. Any available market information shall be compared to Step 21 of the Grade(s) under consideration. The City may implement an adjustment for a category of employees (technical or professional group) subject to the following conditions: • The City shall discuss the rationale for the adjustment with WAPSO and shall provide available recruitment, retention and market comparison information. • The City shall consult WAPSO on the appropriate adjustment under the circumstances and shall give due consideration to any information or feedback from WAPSO. • Any adjustment, if applied, shall remain in effect for a period of up to two (2) years. • Prior to the expiry of the adjustment period, the parties shall review the continuance of the market adjustment subject to the same considerations based on available recruitment and market data. • The City shall act fairly and reasonably and shall not be arbitrary in considering and applying market adjustments and shall only do so following discussion and consultation with WAPSO.
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Special Market Adjustments a) A special market adjustment to a particular occupation may be warranted when, although job duties have remained consistent with the job evaluation, positions in a classification pose persistent and severe recruitment and retention problems, which shall be documented as part of the decision process preceding the adjustment. Any such market adjustment is a temporary adjustment to the pay ranges for a classification, which does not alter its job-evaluation ranking.
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Special Market Adjustments o Memorandum of Agreement to allocate funds in each year of the collective agreement for the purposes of increasing compensation to address issues of recruitment and/or retention, wage compressions, wage inversions, market special adjustments, allowances or qualification pay. o Mutual agreement between the parties on the classifications to which special market adjustments will apply. o Include discussion on eligibility for overtime for certain classifications that are currently eligible for compensatory leave. o The total of all allocations will not exceed $5.52M (0.75% of payroll) and will be distributed equally in the following manner: o Year 1: $1.3M o Year 2: $1.3M o Year 3: $1.3M o Year 4: $1.3M *Benefits for PT are shown from 50% of FT maximum to 60% of FT maximum Article 40 - Dental • Increase maximum amount per eligible person for combined Basic, Major, and Orthodontic services is as follows: o FT: from $1475 to $1575 (6.8%) o PT: from $738 to $945*(28%) • Increase lifetime maximum for orthodontic services as follows: o FT: from $1675 to $1800 (7.5%) o PT: from $838 to $1080* (28.9%) Article 41 - Vision • Increase maximum for: o FT: from $275 to $350 (27.3%) o PT: from $137.50 to $210* (52.7%) Article 42 – Drug Plan • Increase maximum for: o FT: from $800 to $900 (12.5%) o PT: from $400 to $540*(35%)
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Related to Special Market Adjustments

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Menu of Labour Adjustment Strategies Where a work force reduction is necessary, the following labour adjustment strategies will be considered, as applicable.

  • 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

  • Rate Redetermination for Market Change In the event of delay or interruption, exceeding 90 days, under B8.33, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber immediately prior to the delay or interruption and the appraised unit value of Included Timber immediately after the delay or interruption. The appraisal shall be done after any rate redetermination done pursuant to B3.31, using remaining volumes. Tentative Rates and Flat Rates in effect at the time of delay or interruption or established pursuant to B3.31 will be reduced, if appraised rates declined during the delay or interruption, to become Current Contract Rates. Increases in rates will not be considered. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essential reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. However, existing Base Indices shall not be changed under this Subsection. Redetermined rates shall be considered established under B3.1 for timber Scaled subsequent to the delay or interruption.

  • 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:

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Exchange Rates Notwithstanding the foregoing, for purposes of any determination under Section 9, Section 10 or Section 11 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding, or proposed to be incurred or outstanding in currencies other than Dollars shall be translated into Dollars at the Spot Rate; provided, however, that for purposes of determining compliance with Section 10 with respect to the amount of any Indebtedness, Restricted Investment, Lien, Asset Sale, or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Restricted Investment is incurred or Asset Sale or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.6 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien, or Investment may be incurred or Asset Sale or Restricted Payment made at any time under such Sections. For purposes of any determination of Consolidated Total Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1

  • EQUITY ADJUSTMENTS The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows:

  • Budget Adjustments The Grantee shall submit the Budget Adjustment Request [TJJD-FIS-304] to the Department for any adjustment to the original budget. The Grantee must receive written or electronic approval from the Department prior to expending the funds.

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