Promotion Compensation Sample Clauses

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Promotion Compensation. Employees permanently selected by the District to a position which is compensated at a higher salary range than their present salary range shall be deemed to have been promoted and shall be placed at the appropriate salary range for the position classification to which they have been selected which provides at least a 5% increase if available.
Promotion Compensation. A unit member who is promoted to a higher classification shall be placed on the step of the higher salary range which is an nearest to the unit member’s present salary without a loss of salary. In addition, an advancement of one (1) step shall be granted to the job-holder for increased job responsibilities.
Promotion Compensation. ‌ 1. Upon promotion, an employee’s salary is increased one increment in his/her present range; then, if no step in the new range is equal to this increased rate, his/her salary will be adjusted to the next higher rate. 2. In the case of employees paid from other than State funds, the University will endeavor to persuade funding agencies to conform in accord with the University salary structure. 3. In the event funding agencies do not conform in accord with the University salary structure, the failure to do so will be the subject of a Labor/Management conference under Article 7.
Promotion Compensation. Any employee assigned to a position within the bargaining unit with a higher salary range than his/her current salary shall be deemed to have been promoted. The employee shall be placed on the lowest step of the new salary range, which will provide not less than a five percent (5%) monthly/hourly salary increase. If the employee is working in more than one salary range, the monthly/hourly total will not be less than a five percent (5%) increase. In situations where a five percent (5%) is not available due to the employee’s current placement, the employee will be placed at the highest step available. 8.6.1 If an employee has been receiving night differential in the position held immediately preceding a promotion, the promotion compensation rate shall represent no less than a five percent (5%) monthly/hourly salary increase calculated based on their prior salary range plus the night differential rate. 8.6.2 Five percent (5%) salary promotion compensation shall not apply to an employee who has an increase in hours in the same classification, i.e. same position.
Promotion Compensation. 17 Employees “permanently” assigned by the District to a position within the unit 18 which is compensated at a higher salary range than their present salary range 19 shall be deemed to have been promoted and shall receive at least five percent 20 (5%) above the compensation rate to which they were previously assigned or at 21 Step A of the new salary range, whichever is greater.
Promotion Compensation. (a) Effective as of December 10, 2020 through the duration of the Continuation Period, Executive’s annual base salary shall be $700,000 USD, payable in accordance with the Company’s then standard payroll practices and subject to applicable taxes and withholdings (the “Base Salary”). (b) For fiscal years 2021, 2022 and 2023, Executive shall be eligible to participate in the Company’s Annual Performance Bonus Plan (the “APB Plan”) at an annual target percentage of 100% of his eligible earnings under the APB Plan, with payout based on corporate level metrics and individual performance. For avoidance of doubt, business division and function metrics shall not apply. Executive’s participation in the APB Plan is otherwise subject to all of the terms and conditions of the APB Plan. (c) In addition, subject to approval of the Compensation Committee, the Board’s approval of an amendment and restatement of the Broadcom Corporation 2012 Stock Incentive Plan, and stockholder approval at the annual meeting of the Company’s stockholders in 2021 of such amended and restated plan, Executive shall be awarded the following Broadcom equity grants effective on December 15, 2020 while remaining contingent on the foregoing conditions. For the avoidance of doubt, if such Compensation Committee approval and stockholder approval is not obtained, Executive shall have no rights to such Broadcom equity grants and such awards shall be cancelled and of no further effect. i a long term equity incentive award, with a target value of $15,000,000 and the target number of shares of Company common stock (“shares”) granted thereunder to Executive shall be calculated by dividing the target value by the closing price of the Company’s common stock (NASDAQ) on December 15, 2020, with the resulting number of shares being rounded down to the nearest share, with 50% of such equity consisting of Broadcom service- based restricted stock units (“Broadcom RSUs”, and such grant, the “Promotion RSU Grant”) and 50% consisting of Broadcom performance-based restricted stock units at target (“Broadcom PSUs”, such grant, the “Promotion PSU Grant”, and the number of shares subject to such Promotion PSU Grant at target, the “Promotion PSU Target”). The Promotion RSU Grant and Promotion PSU Grant will be subject to the terms of the equity incentive plan pursuant to which they are granted and the agreements evidencing such Broadcom RSUs and Broadcom PSUs. A. The Promotion RSU Grant shall vest over a three-year peri...
Promotion Compensation. Employees who are promoted will not receive an hourly wage less than their current hourly wage at the time of their promotion
Promotion Compensation. Employees permanently assigned by the District to a classification within the unit which is compensated at a higher salary range than their present salary range shall be deemed to have been promoted, and shall be placed on a step not less than five percent (5%) above the compensation rate to which they were previously assigned. Compensation shall not exceed the salary schedule. Employees temporarily assigned by the District to a classification within the unit which is compensated at a higher salary range than their present salary range shall be placed on a step not less than five percent (5%) above the compensation rate to which they were previously assigned. Compensation shall not exceed the salary schedule.
Promotion Compensation. (a) WFHC shall pay to Ventiv a one-time, start-up fee of [***] (the "START-UP FEE") within thirty (30) days of the execution of this Agreement to cover the initial Costs of recruitment of the sales organization. (b) As compensation for services rendered by Ventiv with respect to the Product during the Term and its agreements hereunder, WFHC shall pay to Ventiv a graduated royalty (the "ROYALTY") on cumulative Derm Gross Sales to Covered Physicians above agreed Annual Derm Baseline Sales with respect to each Agreement Year during the Term. The Royalty shall be based on the following cumulative quarterly baseline sales amounts: "CUMULATIVE BASELINE" 1st Agreement Quarter............... [***] of Annual Derm Baseline Sales 2nd Agreement Quarter............... [***] of Annual Derm Baseline Sales 3rd Agreement Quarter............... [***] of Annual Derm Baseline Sales 4th Agreement Quarter............... [***] of Annual Derm Baseline Sales ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. The Royalty due to Ventiv is equal to the amount calculated for the applicable Agreement Quarter in accordance with Section 10(c) below less the amount of Royalty paid cumulative, year-to-date for the related Agreement Year. Except as stated in Section 10(d) below, if the resulting amount due to Ventiv is zero or less than zero, WFHC will not be required to pay a Royalty for the applicable Agreement Quarter and Ventiv will not be required to refund any previous Royalty payments made by WFHC. (c) WFHC shall make Royalty payments to Ventiv for the applicable Agreement Quarter in each Agreement Year as follows: (i) First Agreement Quarter (Royalty payments for the first Agreement Quarter of the first Agreement Year shall be calculated as indicated in the definition of "Agreement Quarter" in Section 1 above): (A) Zero percent (0%) on Derm Gross Sales through such Agreement Quarter that are equal to or less than the Cumulative Baseline for such Agreement Quarter; (B) [***] on Derm Gross Sales through such Agreement Quarter that are greater than the Cumulative Baseline for such Agreement Quarter and equal to or less than [***]; (C) [***] on Derm Gross Sales through such Agreement Quarter that are greater than [***] and equal to or less than [***]; (D) [***] on Derm Gross Sales through such Agreement Quarter that are greater than [***] and equal to or less than ...
Promotion Compensation. A unit member who is promoted to a higher classification shall be placed on the step of the higher salary range nearest to the unit member"s present salary without a loss of salary. In addition, an advancement of two (2) steps shall be granted to the job-holder for increased job responsibilities. • CSFA and the District agree to a four percent (4.0%) increase on the CSEA bargaining unit salary schedule retroactive to July I, 2021, and a two percent (2%) increase on the CSFA bargaining unit salary schedule effective July I, 2022.