00 Compensation. 3.01 During the term of this Agreement, the Consultant shall be paid in accordance with the payment provisions on the first page hereof. This compensation may be increased from time to time subject to the approval of the Board of Directors of the Company. In the event this contract is terminated prior to the expiry of the term any portion of the options that are unvested shall expire.
00 Compensation. A. It is the intent of the parties to comply with the limitations imposed by RCW 28A.400.200 and the applicable state appropriations act. No provision of this Agreement shall be interpreted or applied so as to place the District in breach of the salary or compensation limitations imposed by state law or to subject the District to a state funding penalty or the Board of Directors to personal financial liability.
B. The District and Association agree that our locally determined compensation salary schedule shall recognize, in accordance with this Agreement, credits earned by the employee beyond his/her BA, the masters and doctorate degrees and each year of employment/teaching experience for successive salary increases.
00 Compensation. The salary range for each classification in the Association starting with the first full pay period in July 2015 shall be increased 1.5% as set forth in Exhibit A attached hereto and incorporated herein. The compensation for the first full pay period in July 2016 shall be increased .5% as set forth in Exhibit B attached hereto and incorporated herein. In addition to the salary above, each permanent member in the Association shall receive a one-time bonus if the following condition is met. Should the City’s actual sales tax revenue be greater than the budgeted amount during Fiscal Year 2015-2016, the difference between the budgeted sales tax revenues and the actual tax revenues shall be split 50% to the City, and the remainder shall be divided equally by the total number of permanent City employees (prorated for part-time employees). This amount shall then be multiplied by the number of employees in the Association (“Bonus”). The Bonus shall be a one-time payment to employees based on full-time status in the Association to be paid no later than the first pay period in November 2016. In the event no Bonus is paid, the parties agree to a reopener on salary only by December 31, 2016.
00 Compensation. The Employer shall pay to the Employee compensation for services rendered on the following terms and conditions:
4.1 The Employer shall pay as salary, during the first year of the Term, commencing on the Commencement Date, the amount of One Hundred and Fifty Thousand Dollars ($150,000) payable in equal weekly instalments in arrears or in such other periodic instalments as may from time to time be mutually agreed upon by the Employer and the Employee.
4.2 The salary paid to the Employee shall be reviewed sixty (60) days prior to each anniversary of the Commencement Date and shall be adjusted effective on each such anniversary date at such rate and on such terms as shall be mutually agreed upon by the Employee and the Employer; provided that for any year or portion thereof following the first year of this Employment Agreement, in no event shall the salary paid to the Employee (pro rata for any period less than a year) be less than the salary paid to the Employee in the immediately preceding year, nor shall such salary, in any year (pro rata for any period less than a year), be less than the salary payable to any of the Senior Management Officers of Officeland Inc. In this Agreement, the term "Senior Management Officers of Officeland Inc." means, collectively, Xxxxxx Xxxx, Xxxxxx Xxxxx and Xxxxx (Xxx) Lax.
00 Compensation. 2.1 BOARD MEETING FEE The Board Member shall also be compensated as a director of the Company in the same manner as other members of the Board of Directors for attending board meetings. The Board Member acknowledges that, as of the date hereof, no compensation has been determined by the Compensation Committee of the Board of Directors.
00 Compensation. A. It is the intent of the parties to comply with the limitations imposed by RCW 28A.400.200 and the applicable state appropriations act. No provision of this Agreement shall be interpreted or applied so as to place the District in breach of the salary or compensation limitations imposed by state law or to subject the District to a state funding penalty or the Board of Directors to personal financial liability.
B. The District and Association agree that our locally determined compensation salary schedule shall recognize, in accordance with this Agreement, credits earned by the employee beyond his/her BA, the masters and doctorate degrees and each year of employment/teaching experience for successive salary increases.
SECTION 8.01 - SALARIES
A. Pass Through of State Authorized and Funded Salaries
1. Increments will be granted effective at the beginning of each school year. Remaining District pass-through funds will be used to increase the base salary schedule effective at the beginning of each school year, unless otherwise required by state law and regulations. These adjustments will be implemented to meet the September payroll.
2. On or about March 1 of each year, the District, in consultation with the Association, will reexamine the calculations called for above in order to ensure both full use of salary increase capacity and compliance with the law. The District will then make any necessary adjustments on a timely and equitable basis.
3. Prior to effectuating any of the increases or adjustments pursuant to paragraphs one (1) and two (2) above, the District will consult with the Association. If the parties are unable to agree on the amount and mechanics for any particular increase or adjustment, the underlying dispute will be treated as a negotiable matter rather than a contractual matter, and the disputed rights or obligations under paragraphs one (1) and/or two (2) above will be deemed null and void except as may be agreed in subsequent negotiations.
00 Compensation. 3.01 During the term of this Agreement, the Officer shall be paid in accordance with the payment provisions on the first page hereof.
00 Compensation. 4.01 During the term of this Agreement, the Adviser shall be paid in accordance with the compensation provisions on the first page hereof. This compensation may be increased from time to time subject to the approval of the Board of Directors of the Corporation and, where required, any regulatory body having jurisdiction.
4.02 The Adviser represents and warrants to the Corporation that:
a. the Adviser is aware that the Shares have not been qualified under a Securities Act or Exchange Act (an “Act”) or any regulations or rules thereunder (the “Rules”) for distribution to the public, that the issuance of the Shares pursuant to this Agreement is to be by way of private placement exempted from the registration requirements of any Act and from the prospectus requirements of any Act under an exemption to be determined by the Corporation, and that the Adviser is restricted from using most of the civil remedies available under such Acts and the Rules thereto and may not receive information that would be otherwise available to him under such Acts and the Rules in connection with his purchase of the Shares;
b. the Adviser is acquiring the Shares as principal and no other person, firm or corporation will have a beneficial interest in the Shares;
c. the Shares are being acquired for investment purposes only and not with a view to resale or distribution;
d. the Adviser is not a control person of the Corporation as defined in any securities act applicable to the issue of the Shares and the acquisition of the Shares will not result in the Adviser owning 20% or more of the issued and outstanding shares of the Corporation or becoming a control person;
e. the Adviser is not acquiring the Shares as a result of any material information about the affairs of the Corporation that has not been publicly disclosed, save knowledge of this particular transaction;
f. the Adviser is not a resident of Canada and this Agreement is not subject to the securities laws of any province or territory in Canada;
g. the Adviser is not a “U.S. Person” (the definition of which includes, but is not limited to, an individual resident in the United States and an estate or trust of which any executor or administrator or trustee, respectively, is a U.S. Person and any partnership or corporation organized or incorporated under the laws of the United States);
h. the Adviser was outside the United States at the time of execution and delivery of this subscription agreement;
i. no offers to sell the Shares we...
00 Compensation. Ten-Month Instructional Salary Schedule Experience Bachelors Masters Specialists Doctorate in Years Rank III Rank II Rank IA Rank IC
00 Compensation. It is the intent of the parties to comply with the limitations imposed by RCW 28A.400.200 and the applicable state appropriations act. No provision of this Agreement shall be interpreted or applied so as to place the District in breach of the salary or compensation limitations imposed by state law or to subject the District to a state funding penalty or the Board of Directors to personal financial liability.
