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Post by tunesquad on Sept 30, 2017 0:42:19 GMT
Are contracts allowed to decline in value year to year? If so, what are the rules on those?
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Post by DemiGodTom on Sept 30, 2017 0:44:45 GMT
Same as ascending. 500k or 15% ish
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Post by Javy Dawg on Sept 30, 2017 1:08:53 GMT
Yeh it's the same as raises, contract can decline by the greater of 500k or 15%
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Post by OLD rookies on Oct 1, 2017 13:27:39 GMT
Want to make sure,
the incremental in each year should be greater than $500k or 15% ish...
this 15%... is that a max or min value of that incremental?
We need to know this so we can adjust our contracts as per this regulation.
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Post by Javy Dawg on Oct 1, 2017 13:42:39 GMT
15% is the max increase/decrease..
ie
$10M->$11.5M or $10M->8.5M are OK
$10M->$12M or $10M->8M are NOT OK
The exception to this is when the 15% is less the 500k (yearly salary under about $3M)
So $2M->$2.5M OR $2M->$1.5M is OK
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Post by OLD rookies on Oct 1, 2017 13:54:31 GMT
thank you for the clarification...
would keep that in mind..
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