Market Salary Adjustment Sample Clauses

Market Salary Adjustment. 20.7 For fiscal year 2006/2007 there shall be a .324% Market Salary Adjustments to the minimum and maximum of the salary ranges and individual salary rates which shall be distributed among classifications as determined by CSUEU and shall be effective with the August 2006 pay period.
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Market Salary Adjustment. Any salary range that was five percent (5%) or more below the 80th percentile in the 2025 Total Compensation Survey, shall receive a market salary adjustment of ½ the excess beyond five percent (5%). For example, if the Police Officer classification is 6.78% below the 80th percentile, the Police Officer salary range shall be increased by 0.89% (i.e., (6.78–5)/2 = 0.89%).
Sample 1
Market Salary Adjustment. The University shall provide all eligible employees in the pay plan a market salary adjustment to the employee’s base salary. Eligible employees are those who have served continuously at USF since at least August 7, 1999, whose past five annual evaluations up through 2008 or 2008/2009 were each at least an overall “Strong” (at least 4.0 on a 5-point numerical rating scale) and whose June 30, 2009 base salary is less than 85% of the in-unit employee’s current national market salary as determined by the Carnegie RU/VH Average Discipline Classification data of the 2008-2009 OSU Faculty Salary Survey by Discipline, current ARL or other current relevant national market salary data. This market salary adjustment shall be the lesser of $500 or the amount required to bring the employee’s salary up to 85% of the employee’s current national market salary.
Sample 1

Related to Market Salary Adjustment

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS 198. Appointments to positions in the City and County Service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Pay Adjustments (1) Where the rate of pay of a position or job is adjusted upwards, the employee shall be placed on the lowest step of the new pay range which will give him/her a monthly increase and the increment anniversary shall be that date.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

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