Wage Floor Adjustment Sample Clauses

Wage Floor Adjustment. Effective February 1, 2019, the Employer shall establish a minimum monthly wage of two thousand six hundred ($2,600) dollars per month. Any salary step that is below this minimum wage shall be removed from the compensation plans. The two thousand six hundred ($2,600) dollar wage floor shall be determined within the range option ‘P’ compensation plan. Employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step of the truncated range. Employees will maintain their current salary eligibility date. The Wage floor adjustment shall be implemented after the PERS swap is implemented.
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Wage Floor Adjustment. Effective February 1, 2019, the Employer shall establish a minimum monthly wage of two thousand six hundred ($2,600) dollars per month. Any salary step that is below this minimum wage shall be removed from the compensation plans. The two thousand six hundred ($2,600) dollar wage floor shall be determined within the range option ‘P’ compensation plan. Employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step of the truncated range. Employees will maintain their current salary eligibility date. CLASS # CLASSIFICATION SR SALARY RATES C0103 Office Specialist 1 12C $2261-2346-2530-2621-2722-2837-2958-3085 C0104 Office Specialist 2 15C $2530-2621-2722-2837-2958-3085-3224-3379-3543 C0108 Administrative Sp. 2 20 $3020-3150-3298-3459-3625-3791-3972-4174-4373
Sample 1Sample 2
Wage Floor Adjustment. Effective February 1, 2019, the Employer shall establish a minimum monthly wage of two thousand six hundred ($2,600) dollars per month. Any salary step that is below this minimum wage shall be removed from the compensation plans. The two thousand six hundred ($2,600) dollar wage floor shall be determined within the range option ‘P’ compensation plan. Employees whose current rate is below the first (1st) step of the new range shall be moved to the first (1st) step of the truncated range. Employees will maintain their current salary eligibility date.
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Related to Wage Floor Adjustment

  • Wage Adjustment Notwithstanding any provision in this Agreement on the contrary, the wages of employees shall be reduced by the amount of employee contributions made by the employer pursuant to the provisions hereof.

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

  • 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

  • Construction Cost Adjustment Contracting Officer, as provided in B5.21, B5.212, B5.251, B5.252, and B5.253, shall adjust Specified Road construction cost estimates in the Schedule of Items and show the adjustments as credits or debits to Timber Sale Account in the month when the road segment is accepted.

  • Cost of Living Adjustments Effective December 1, 2021, Compensation Plan salary rates shall be increased by two and five tenths percent (2.5%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees). (See Appendix C & E.)

  • 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.

  • 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.

  • 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.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Workforce Adjustment (a) The Parties recognize that workforce adjustment may be necessary due to the elimination of positions resulting from a reduction in the amount of work required to be done by the Commission, reorganization or program termination.

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