Wage increases definition

Wage increases in this clause mean general wage increases and Economic Stability Dividend increases.
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Wage increases. Increase Journeyperson wage rate effective the first Sunday in January by the amount remaining after the health and welfare/retiree’s contribution and the fifteen cent ($0.15) per hour pension increase have been deducted. Eastern Locals shall have the same increases as Western Locals, including pension with full Maintenance of Benefits up to the Western Health & Welfare rate. **Progression increases bear same relationship that progression rates bear to full scale.
Sample 1
Wage increases. Increase Journeyperson wage rate effective the first Sunday in January by the amount remaining after the health and welfare/retiree’s contribution and the fifteen cent ($0.15) per hour pension increase have been deducted. Eastern Locals shall have the same increases as Western Locals, including pension with full Maintenance of Benefits up to the Western Health & Welfare rate. **Progression increases bear same relationship that progression rates bear to full scale. ROUTE SALES REPRESENTATIVES ECONOMIC PACKAGE Wages rates shall be increased as follows for the duration of this Agreement: Effective August 1, 2011 Increase RSR base rates $10.00 per week Effective January 2012* +$31.00 per week Effective August 1, 2012 Increase RSR base rates $10.00 per week Effective January 2013* +$31.00 per week Effective August 1, 2013 Increase RSR base rates $10.00 per week Effective January 2014* +$32.00 per week Effective August 1, 2014 Increase RSR base rates $10.00 per week Effective January 2015* +$32.00 per week *January increases shall be administered as follows: Health & Welfare/Retiree’s: After new monthly contribution rates are announced by the Trust Fund in the Fall of the year, the increases shall be converted from a monthly amount to a weekly amount by taking the increase X 12 and dividing by 52. Such increases shall be effective on December hours (January payment) using the same calculation. If the Maintenance of Benefits exceeds the available increase, the difference will be deferred from base pay. The remainder, if any, of the amount shall be allocated as follows:
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Examples of Wage increases in a sentence

  • Wage increases are based on hours worked or competencies attained.

  • Wage increases to present employees shall be paid equally by the state and local governments.

  • Wage increases arising from broad-banding and adjustment of minimum rates are subject to absorption into existing over-award payments.

  • Wage increases and increases in other forms of compensation set forth in this Agreement shall become effective at the beginning of the first full payroll period on or after the calendar dates designated.

  • Wage increases will apply and be effective as of the day the increased funding is received by the Employer.

  • The amount paid to an employee for meal money will increase by the percentage that the Federal Minimum Wage increases on each occasion that it is increased by the Australian Fair Pay Commission.

  • Wage increases in the long-term may reduce our competitiveness and our profitability.

  • Teaching Assistant wage rates will be subject to any future negotiated General Wage increases for CUPE members.

  • Wage increases, longevity increments, and increases in other forms of compensation set forth in this Agreement shall become effective at the beginning of the first full payroll period on or after the calendar dates designated.

  • Wage increases will become effective the first full pay period that included February 15th of each year of the biennium.


More Definitions of Wage increases

Wage increases. Increase base rate effective the first Sunday in January by the amount remaining after the health and welfare/retiree’s contribution and up to the fifteen cent ($0.15) per hour pension increase have been deducted. Total Increase Projected Distribution Year 1 $41/wk Year 2 $41/wk Year 3 $42/wk Year 4 $42/wk Base $10/wk $10/wk $10/wk $10/wk Health & Welfare (7.5% = 17/wk) $17/wk $17/wk $17/wk $17/wk Pension/Other** $14/wk $14/wk $15/wk $15/wk **See Example below. Example: 2010 2011 Increase 2011 Decrease Statewide Route Average $10,010 $10,110 (New Route Average +$100) $9,910 (New Route Average - $100) Average Commission 0.0744 0.0744 0.0744 Total Commission $745 $752 = +$7 ($14-7 = $7 Available) $737 = - $8 (Full $14 Available) Formula: 2010 total sales for state divided by number of routes (364) = $10,010 per week 2010 blended commission (premium, private label, etc) x 0.0744 2010 average commission $745
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Wage increases. All employees shall receive wage increases as follows: July 01, 2011 US$ 25.00 per week July 01, 2012 US$ 25.00 per week July 01, 2013 US$ 25.00 per week
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Related to Wage increases

  • General Wage Increase means a general wage increase resulting from the formula set out in this LOA and applied as a percentage increase to all wage rates in the collective agreement on the first pay day after the commencement of the eleventh (11th) month in a collective agreement year;

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • 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).

  • Tax Increment means the difference between:

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

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • 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.

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

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

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

  • 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.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

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

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Net emissions increase means, with respect to any regulated NSR pollutant emitted by a major stationary source, the amount by which the sum of the following exceeds zero:

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

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

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

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

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

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • 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)).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.