How is Salary Increment defined in a legal contract?
- Salary Increment means the progression from one pay point to the subsequent highest pay point within a job classification. Seen in 4 SEC filings
- Salary Increment means an increase in base salary within the pay band corresponding to a staff member’s current role and ranking. Seen in 3 SEC filings
- Salary Increment means the difference between the notch on the key pay scale applicable to an educator and the following higher notch on the same key pay scale. Seen in 2 SEC filings
- Salary Increment means the National Board certification. Seen in 1 SEC filing
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Salary Increment means the progression from one pay point to the next within a job classification.
Relevant Contract Types
- Employment Contracts
- Promotion Agreements
- Executive Compensation Agreements
- Collective Bargaining Agreements
Relevant Circumstances
- When employees are transitioning to a new role or position.
- During performance review discussions concerning salary adjustments.
- When negotiating promotions and increased responsibility within a company.
Relevant Sectors
Genie Definition 2
- Salary Increment means an advancement or increase in one's base salary within their current role.
Relevant Contract Types
Relevant Circumstances
- When negotiating annual salary or compensation reviews.
- During discussions about bonuses or incentives.
Relevant Sectors
Genie Definition 3
- Salary Increment means National Board certification.
Relevant Contract Types
Relevant Circumstances
- When discussing salary increments related to academic accomplishments or achievements.
Relevant Sectors
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Salary Increment means the progression from one pay point to the next within a job classification.
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