Year 3. Effective January 15, 2017, all employees hired prior to January 15, 2016 will progress through the grid according to years of service and will progress based on their effective hire date. In the event that an employee receives a wage increase of less than 2% as a result of their progression through the grid, that employee shall receive a lump sum payment equivalent to the difference between 2% and the increase actually received as a result of their progression. All employees hired after January 15, 2016 will continue to progress through the wage grid based on hours paid. Position Progression Jan15 2016 Jan 15 2017 Nurse Start $22.89 $23.35 Probation $23.35 $23.81 1 year/1950 $23.81 $24.29 2 Year3950 $24.29 $24.78 PDC Start $14.05 $14.43 Probation $14.61 $15.01 1 year/1950 $15.20 $15.61 2 Year/3950 $15.51 $15.92 Concierge Start $15.61 $15.92 Probation $15.92 $16.24 1 year/1950 $16.24 $16.56 2 Year/3950 $16.56 $16.89 Driver Start $18.40 $18.77 Probation $18.77 $19.15 1 year/1950 $19.15 $19.53 2 Year/3950 $19.53 $19.92 Lead Server Start $14.32 $14.71 Probation $14.61 $14.50 1 year/1950 $14.90 $15.30 Position Progression Jan15 2016 Jan 15 2017 2 Year/3950 $15.20 $15.60 Server Start $13.53 $13.90 Probation $13.80 $14.17 1 year/1950 $14.07 $14.45 2 Year/3950 $14.64 $15.03 Dishwasher Start $13.27 $13.63 Probation $13.53 $13.90 1 year/1950 $13.80 $14.18 2 Year/3950 $14.08 $14.46 Sous Chef Start $22.89 $23.35 Probation $23.35 $23.82 1 year/1950 $23.82 $24.29 2 Year/3950 $24.29 $24.78 Cook Start $16.65 $16.98 Probation $16.98 $17.32 1 year/1950 $17.32 $17.67 2 Year/3950 $17.67 $18.02 Housekeeper Start $13.53 $13.90 Probation $13.80 $14.17 1 year/1950 $14.07 $14.45 2 Year/3950 $14.72 $15.12 Laundress Start $13.53 $13.90 Probation $13.80 $14.17 1 year/1950 $14.07 $14.45 2 Year/3950 $14.72 $15.12 Night Housekeeper Start $14.57 $14.86 Probation $14.86 $15.15 1 year/1950 $15.15 $15.46 2 Year/3950 $15.46 $15.77 Activity Aid Start $13.53 $13.90 Probation $13.80 $14.17 1 year/1950 $14.07 $14.45 2 Year/3950 $14.72 $15.12 Maintenance Asst. Start $14.57 $14.86 Probation $14.86 $15.15 1 year/1950 $15.15 $15.46
Year 3. The number of Performance RSUs for which a Release Date will occur on the third date set forth or contemplated after “Performance RSUs Release Date” in the Base Instrument shall be the product of (I) the Number of Performance RSUs Granted and (II) the Year 3 Vesting Percentage. Such number of RSUs shall be rounded down to the nearest whole RSU.
Year 3. Effective January 1, 2018, (January 1, 2018 to December 31, 2018), the base compensation of Police Officers covered by this Agreement shall be subject to the Automatic Adjustment without any reopener, unless otherwise agreed to by the Parties, if each of the following thresholds is met: Threshold No. Threshold 1 { City’s 2016 Audited Total General Fund Revenue ÷ City’s 2015 Audited Total General Fund Revenue } > 1.05 2 { City’s 2016 Audited Total CCPD Revenue ÷ City’s 2015 Audited Total CCPD Revenue } > 1.05 3 { City’s Unaudited Total General Fund Revenue from October 1, 2016 to Xxxxx 00, 0000 ÷ Xxxx’s Unaudited Total General Fund Revenue from October 1, 2015 to March 31, 2016 } > 1.05 4 { City’s Unaudited Total CCPD Revenue from October 1, 2016 to Xxxxx 00, 0000 ÷ Xxxx’s Unaudited Total CCPD Revenue from October 1, 2015 to March 31, 2016 } > 1.05 5 No declaration of disaster has been issued pursuant to federal or state law for any area within the corporate limits of the City of Baytown at any time during calendar year 2017. If each of the thresholds is not satisfied, the Agreement shall be reopened automatically solely for the purposes of determining base compensation for that year unless otherwise agreed to by the Parties. It is understood and agreed that the Police Officers covered by this agreement shall be offered at least the same average percent increase in base compensation received by all other non- civil service employees of the City commencing January 1, 2018.
Year 3. Del W1.A2.Y3: Technical report which for all the tasks of TaskW1.A2. provides a roadmap, containing an outline of research directions to advance the state of the art towards the vision outlined in the beginning of this document. Action3
Year 3. At 1 July 2018 there will be a 1.75% increase to the steps in the range. On 1 July 2018 if performance criteria were met then employees will move through the steps in the range, up to step 7 ($93,491). Those staff whose salary previously was above Step 7 (previously ranges of rates) but whose salary is below the new rate for step 7 ($93,491), will shift to Step 7, $93,491. For those staff where the increase applied via the translation to the new step 7 ($93,491) is less than $1000, they will receive the balance by way of a one off payment (so they receive a total amount of $1000).
Year 3. Effective January October 1, 20035, bargaining unit employees who have successfully completed their initial probation and who meet or exceed satisfactory performance according to the City’s performance rating instrument will receive a 4% merit increase added to their base rate of pay. Additionally, all bargaining unit employees will be eligible for
Year 3. The Buyer will purchase at a minimum of four million five hundred thousand dollars ($4,500,000) of the Product in the third year of the Agreement. The Buyer will provide quarterly POs with delivery dates for the Product at a price of [*] dollars per kilogram ([*]/kg). The quarterly POs will be binding to maintain the exclusivity. [*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portion. CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT AND THE NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
Year 3 i. [ ] Eligible Shares (representing 75% of the Maximum Share Amount) will be subject to vesting based on performance achievement against the following metrics measured on a cumulative basis over the Three-Year Performance Period (using a three-year average): • One-third of the Eligible Shares will vest if 4.5% GITBV is achieved; • Two-thirds of the Eligible Shares will vest if 7.0% GITBV is achieved; • 100% of the Eligible Shares will vest if 9.5% of GITBV is achieved. The number of earned shares shall be interpolated on a straight-line basis based on achievement of GITBV levels between the performance metrics specified above. No Eligible Shares shall be earned if GITBV is less than 4.5%, and the maximum earned shares shall be capped at the Eligible Share amount even if GITVB in excess of 9.5% is achieved.
Year 3. Within 30 days of the last day of Year 3, Buyer will pay to Seller an Earnout payment equal to 15% of Gross Revenue which are in excess of $13.68 million. Within 30 days of the last day of Year 3, Buyer will deliver its certificate signed by its chief financial officer setting forth Buyer’s calculation of the Gross Revenue for Year 3 together with such back up documentation as Seller may reasonably request with respect to Buyer’s calculation of Gross Revenue and the Earnout Payment for such period.
