Timing of Annual Adjustments Sample Clauses

Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). Table 1: Annual Adjustment Extraordinary Adjustment Total Adjustment Base Adjustment Continuous Improvement Incentive (A) (B) (C) (D) Quality Productivity Safety Cost Reduction Annual % change in CPI 0 or 0.25 0 or 0.25 0 or 0.25 0 or 0.25 +/- % D = A +/- C B = Lump Sum Payment A = Annual % change in CPI B = 0.25% for meeting each target (Quality, Productivity, Safety, Cost Reduction) C = +/- an amount not to exceed A+B D = Total Annual Adjustment Unless the ERRC determines otherwise, the Annual Adjustment and Continuous Improvement Incentive will be implemented on January 1 of each year. The parties recognize and agree that a transitional wage adjustment may be implemented should a Division become subject to the terms of this Agreement prior to their next full annual adjustment date. The adjustment shall commence in the first pay period following each Division’s annual adjustment date, and on the applicable anniversary date thereafter.
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Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). Table 1: Annual Adjustment Extraordinary Adjustment Total Adjustment Base Adjustment Continuous Improvement Adjustment
Timing of Annual Adjustments. Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below). Table 1: Annual Adjustment Extraordinary Adjustment Total Adjustment Base Adjustment Continuous Improvement Incentive (A) (B) (C) (D) Quality Productivity Safety Cost Reduction Annual % change in CPI 0 or 0.25 0 or 0.25 0 or 0.25 0 or 0.25 +/- % D = A +/- C B = Lump Sum Payment A = Annual % change in CPI B = 0.25% for meeting each target (Quality, Productivity, Safety, Cost Reduction) C = +/- an amount not to exceed A+B D = Total Annual Adjustment 11/147/173 Unless the ERRC determines otherwise, the Annual Adjustment and Continuous Improvement Incentive will be implemented on January 1 of each year. The parties recognize and agree that a transitional wage adjustment may be implemented should a Division become subject to the terms of this Agreement prior to their next full annual adjustment date. The adjustment shall commence in the first pay period following each Division’s annual adjustment date, and on the applicable anniversary date thereafter. 11/147/173 ARTICLE 17 WORKING HOURS, SHIFT HOURS, OVERTIME, BREAKS & LUNCH PERIODS Employees normally work an eight-hour day, five days per week with a 30-minute unpaid lunch break and two 10-minute paid rest periods. Employees that work beyond nine (9) hours will be provided an additional ten (10) minute break to be taken at the end of the ninth hour. Unless otherwise scheduled, the regular work-week is from Monday to Friday. These shifts may change to meet customer demand or for other business reasons. Employees will be given at least five (5) days advance notice, whenever possible. In some cases Employees may have to work special or staggered hours. When scheduling changes become necessary they will be discussed with Employees and the Employee Advocate and shall be implemented with as much advance notice as possible. Nothing in this Article is to be construed as a guarantee of any number of hours of work per day or days of work per week. For the purpose of determining shift premium, the first shift is any shift that regularly starts on or after 4:00 a.m. but before 11:00 a.m. The second shift is any shift that regularly starts on or after 11:00 a.m. but before 7:00 p.m. The third shift is any shift that regularly starts on or after 7:00 p.m. but before 4:00 a.m. Prior to the introduction of an alternate work ...

Related to Timing of Annual Adjustments

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Salary Step Advancement No period of unpaid leave shall be counted toward time served for purposes of salary step advancement. Completion of at least 75% of the assigned work year for the employee in a paid status is a prerequisite to salary advancement.

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