Pay increase definition

Pay increase means a periodic step or percentage increase in pay within the pay range for the class based on time spent, performance, or both.
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Pay increase means an increase in pay within the pay range.
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Pay increase means an increase in the employee’s annualized earnings in his new classification as compared with what the employee’s annualized earnings would have been in the old classification. The employee shall be eligible to move to the next available step one year from the date of promotion.
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Examples of Pay increase in a sentence

  • Pay increase and/or performance award will be based solely on the employee’s Final Rating of Record (i.e., Achieved Excellence, Exceeded Expectations, and Achieved Expectations).

  • Pay increase assumptions for individual active members are shown below.

  • Pay increase assumptions for merit and seniority for individual active members are shown on pages E-3 and E-4.

  • Pay increase assumptions for individual active members are shown on page 32.

  • Pay increase assumptions for individual active members are shown on page 39.

  • Pay increase assump- tions for individual active members are shown for service durations in the following table.Years of ServiceMerit & SenioritySalary Inflation Total(6) Representative values of the assumed annual rates of disability are as follows.

  • This form is used to promote uniformity in matters affecting: • Positions Title and Classification (i.e., Demotion or Promotion), • Annual Salary (i.e., Pay increase or decrease), and • Other actions affecting the employee’s status (i.e., separation).

  • Variable and Merit Pay increase will be calculated using a combination of individual performance and organizational performance.

  • Example: Range Midpoint x Percent Increase = Pay Increase Pay range midpoint for pay grade 504 is $18.28 per hour Pay increase budget approved by the Board is 2%Hourly pay increase for all employees in pay grade 504 is $18.28 x .02 = .37 An hourly employee in pay grade 504 is earning $15.00 per hourEmployee’s new hourly wage is $15.00 + .37 = $15.37 No employee’s pay will be increased beyond the maximum of their assigned pay range unless a special adjustment is approved by the board.

  • An employee, upon completion of a minimum pay increase eligibility period, may receive a periodic increase in base pay that is within the pay grade and pay plan of the class to which the employee is assigned.a. Pay increase eligibility periods.


More Definitions of Pay increase

Pay increase means any increase in salary or compensation that is given on an annual basis for performance, longevity, or cost-of-living increases."
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Related to Pay increase

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • 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.

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • CPI Increase means the percentage increase (but not decrease) in (i) the CPI published for the beginning of each Lease Year, over (ii) the CPI published for the beginning of the immediately preceding Lease Year.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Annual increase means, initially, fifty-nine cents per month

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Increase Amount is defined in Section 2.3(a).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Capital Increase has the meaning given in clause 3.2(a);

  • Incremental Commitments has the meaning set forth in Section 2.14(a).