Contract raise question?????

Forty6and2

I'm Broken
start 9.50 8.50
start plus 90 calendar days 10.50 9.50
seniority + 1 year 11.00 10.00
seniority + 2 year 11.50 10.50
seniority + 3 year 12.00 11.00
seniority + 4 year 12.87 11.87

so according to this language- if i have attained seniority as pt and i'm past my 3 years i should make 12/hour starting aug 1?
is that how i should read that?
 
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