General Increase definition

General Increase as used herein means any increase generally applicable to a class or group, but does not include increases granted to individuals for merit, length of service or change in position or responsibility made on the basis of the custom and past practices of the Company or any Company Subsidiary. Schedule 4.23 includes the date and amount of the last bonus or similar distribution or increase in compensation for each listed individual.

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General Increase means an across the board wage and salary increase.

General Increase means an across the board wage and salary increase designed to bring pay in line with increases in the cost of living.

Examples of General Increase in a sentence

• If the average Consumer Price Index for All Urban Consumers (CPI-U) for the Southeast (as reported by the Bureau of Labor Statistics) for the calendar months of August 2022 through July 2023 exceeds the four and one-half percent (4.5%) General Increase, the General Increase shall be adjusted to match the average Consumer Price Index up to a maximum of 7%.

• If the CPI-U for the Southeast is lower than the 4.5%, the General Increase will remain at 4.5% and will not be reduced.

• If the average Consumer Price Index for All Urban Consumers (CPI-U) for the Southeast (as reported by the Bureau of Labor Statistics) for the calendar months of August 2023 through July 2024 exceeds the three and one-half percent (3.5%) General Increase, the General Increase shall be adjusted to match the average Consumer Price Index up to a maximum of 7%.

• General Increase for the period of the leave will be applied to base salary upon return from the leave.

• If the CPI-U for the Southeast is lower than the 3.5%, the General Increase will remain at 3.5% and will not be reduced.

More Definitions of General Increase

General Increase means a salary increase granted to employees in a title without regard to length of service. An employee on payroll, including an employee on leave without pay, as of the effective date or dates of a general increase shall have the general increase added to his or her salary rate as of such effective date or dates.

General Increase means the general, across-the-board increase of salary levels as of a specified effective date, without regard to the length of service of an employee.

General Increase shall have the meaning ascribed to it in Section 4.1.8(g).

General Increase means the base salary increase provided to the Senior Administrators, the Deputy Provosts, the Vice-Provosts and the Associate Vice-Presidents to recognize their additional experience and development in their position. The General Increase is one of the two components of the formula to determine the progression in the salary scale.

General Increase means the base salary increase provided to the Academic Deans and the University Librarian to recognize their additional experience and development in their position. The General Increase is one of the two components of the formula to determine the progression in the salary scale.

General Increase as used herein means any increase generally applicable to a class or group of

General Increase is defined in Section 3.17.