Turnover Savings Sample Clauses

Turnover Savings. This will be calculated based the roster of individuals governed by this agreement who have left the DCTA bargaining unit and are replaced between December 1st of the previous year and November 30th of the current year.
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Turnover Savings. Turnover savings shall be utilized as mutually agreed by the parties.
Sample 1Sample 2Sample 3See All (6)
Turnover Savings. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other Legislative-allowable charges. When the College hires more new faculty than retiring faculty, the difference is calculated with all salary differences calculated into a total amount. Turnover savings is realized each fall, after the effective date of the retirement and the replacement faculty member(s) start date(s). Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings. The College will provide AHE, as soon as practicable, an accounting of the personnel changes affecting the turnover savings calculation. Turnover savings will be used to adjust the base salaries of tenure-track, tenured, special faculty appointments and full-time temporary faculty members by dividing the total amount of savings by the number of faculty members and will increase the salary schedule by proportionate means. CBC and AHE will evaluate the practicality of the effective date of the distribution of any turnover savings based on amount, time of determination, feasibility of making a salary change mid-year, considering the amount, which if negligible may be enough to wait until issuance of personnel contracts for the following instructional year. The College will update the Salary Schedule and post it for viewing on the Labor Relations webpage after each increase.
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Turnover Savings. Turnover savings will be used as mutually agreed by the parties, provided that for the duration of this Agreement, turnover savings will be to fund the cost of faculty increments as described in Section 18.1.2.c.
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Turnover Savings. Turnover Savings represent the difference in salaries between permanent state- funded faculty leaving the college and their replacements. The calculation of Turnover Savings is done in accordance with procedures set by the Washington State Board for Community and Technical Colleges. Turnover Savings will be calculated as faculty members leave and the funds from their positions are assigned to permanent replacement faculty. The amount of Turnover Savings available will be calculated effective September 30 of each academic year, with the Turnover Savings applied to the current fiscal year increment movement following the priority order identified below. The process used for calculations must be transparent and must be shared with AFT.
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Turnover Savings. Turnover savings are defined as the ongoing (permanent) difference between the compensation level of a faculty employee who is no longer employed and the compensation level of the faculty replacement. If there is no difference in compensation levels or the difference results in a negative amount, there is no turnover savings and the amount used for calculation purposes will be zero (0).
Sample 1
Turnover Savings. 11.1.8.3 Regardless of the outcome for the previous academic year, a faculty will be considered to be in good standing for the current academic year if all criteria in 11.1.9 are met in the current academic year. Advancement through the steps will be based on four total years of service in good standing. These years do not need to be consecutive if a faculty member does not fulfill the good standing criteria one or more years. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other charges. Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings.
Sample 1
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Turnover Savings. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other Legislative-allowable charges. When the College hires more new faculty than retiring faculty, the difference is calculated with all salary differences calculated into a total amount. Turnover savings is realized each fall, after the effective date of the retirement and the replacement faculty member(s) start date(s). Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings. The College will provide AHE, as soon as practicable, an accounting of the personnel changes affecting the turnover savings calculation. Turnover savings will be used to adjust the base salaries of tenure-track and tenured faculty members by dividing the total amount of savings by the number of faculty members. CBC and AHE will evaluate the practicality of the effective date of the distribution of any turnover savings based on amount, time of determination, feasibility of making a salary change mid-year, considering the amount, which if negligible may be enough to wait until issuance of personnel contracts for the following instructional year.
Sample 1

Related to Turnover Savings

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Productivity Allowance A productivity allowance per hour worked will be paid to employees engaged upon construction work from the date of agreement. This allowance will not be subject to penalty addition and shall be in lieu of all or any Parent Award disability allowances, with the exception of the multi-storey allowance. Site/Project Allowances will be paid in addition to the productivity allowance where such an addition is either:

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Monthly Charges Purchaser shall pay Seller monthly for the electric energy generated by the System and delivered to the Delivery Point at the $/kWh rate shown in Exhibit 1 (the “Contract Price”). The monthly payment for such energy will be equal to the applicable $/kWh rate multiplied by the number of kWh of energy generated during the applicable month, as measured by the System meter.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date.

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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