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Revised Imposition Article living increase. In addition, effective the beginning of the first pay period after Union ratification and County approval of this Agreement, all bargaining unit employees will be placed in the revised step plans shown in Attachment B (which already include the 5-1/2% cost -of -living increase). Such placement shall be in accordance with the Pay Scale Conversion shown in Attachment C. Union ratification and County approval of this Agreement after placement in the revised step plans, eligible employees will proceed to the next step of their respective revised pay plan. Topped -out employees who do not receive a step increase will receive a lump sum payment of $1500, with the proviso that this sum will be paid in three $500 increments due the beginning of the first pay period after (1) Union ratification and County approval of this Agreement, (2) May 1, 2015 and (3) July 1, 2015. C. For Fiscal Year 2015-16, bargaining unit employees shall receive the cost -of - living increases and Lump sum payments, if any, mutually agreed to by the County and Local 2201. Additionally, effective the first full pay period following April 1, 2016, eligible employees will proceed to the next step of their respective pay plan. D. Step moves, cost -of -living increases, pay scale adjustments or lump sum payments, if any, after September 30, 2016 shall be established through collective bargaining for a successor Agreement. BE. In the event of promotion, the employee shall move to the same step of the pay plan for the higher rank on the first day of the pay period nearest to the date of promotion. In the event the same step of the pay plan does not exist for the higher rank, the employee shall move to the lowest step of the higher rank and shall not be eligible to receive the first subsequent step increase provided in 34.02 B. 2--13,�-i