STABILITY ADJUSTMENTS Sample Clauses

STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Maximum Base Salary On Which Years of Service StabilityPay Will Be Computed Less than eleven (11) years of continuous service $16,000 Eleven (11) years but less than twelve (12) years of continuous service $17,000 Twelve (12) years but less than thirteen (13) years of continuous service $18,000 Thirteen (13) years but less than fourteen (14) years of continuous service $19,000 Fourteen (14) years but less than fifteen (15) years of continuous service $20,000 Fifteen (15) years but less than sixteen (16) years of continuous service $21,000 Sixteen (16) years but less than seventeen (17) years of continuous service $22,000 Seventeen (17) years but less than eighteen (18) years of continuous service $23,000 Eighteen (18) or more years of continuous service. $24,000 Such stability payment shall be paid in a lump sum on a December payroll.
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STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service with the EMPLOYER as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five
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STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Maximum Base Salary On Which
Sample 1
STABILITY ADJUSTMENTS. Section 1. Consistent with the HR Rules, regular and unclassified benefit-earning EMPLOYEES with at least five years of continuous employment* as of December 1 of the current year are eligible to receive retention pay in December.‌‌ Years of Employment‌‌ Retention Pay 5 $ 400 6 $ 480 7 $ 560 8 $ 640 9 $ 720 10 $ 800 11 $ 850 12 $ 900 13 $ 950 14 $1000 15 $1050 16 $1100 17 $1150 18 and over $1200 *Based on hire date as a regular or unclassified EMPLOYEE (or on hours of eligible service converted to a date in APEX if hired before October 11, 2009). Federal and state taxes, FICA, Medicare and PERA are withheld from retention (stability) pay.‌ At the discretion of the EMPLOYER, time on authorized LEAVE OF ABSENCE for education may be included in computing retention compensation.‌ Such retention payment shall be paid in a lump sum on a December payroll.‌
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Related to STABILITY ADJUSTMENTS

  • Workplace adjustment An employer wishing to employ a person under the provisions of this clause shall take reasonable steps to make changes in the workplace to enhance the employee’s capacity to do the job. Changes may involve re-design of job duties, working time arrangements and work organisation in consultation with other employees in the area.

  • Royalty Adjustments The following adjustments shall be made, on a Licensed Product-by-Licensed Product and country-by-country basis, to the royalties payable pursuant to this Section 5.5:

  • 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.

  • Wage Adjustments 12.1 This clause refers to the wages schedules appearing in “Appendix 2: Parity Wages”.

  • 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.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Company asset, pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Unit Holder in complete liquidation of such Unit Holder’s interest in the Company, the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Unit Holders in accordance with their interests in the Company in the event Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Unit Holder to whom such distribution was made in the event Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • 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.

  • Downward Adjustments The Purchase Price shall be adjusted downward by the following:

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