CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.
Incremental Revolving Increase has the meaning set forth in Section 2.16(a).
Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.
Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).
Commitment Increase has the meaning specified in Section 2.18(a).