2018-2019 Compensation Sample Clauses

2018-2019 Compensation. 9.1.1.1 Effective October 1, 2018, internal equity adjustments shall be implemented from the 2017-2018 Classification and Compensation Study. 9.1.1.2 Effective October 1, 2018, the Classified Salary Schedule shall be 2.25% between ranges 11.5 through 30 (based on numbering of previous salary schedule) and 5% between Steps A through H. 9.1.1.3 Effective October 1, 2018, ranges 11.5 through 13.5 (based on numbering of previous salary schedule) shall be removed from the Classified Salary Schedule after adjustments in Article 9.1.1.2 are made. Ranges will be renumbered with no half steps, starting at Range 1. 9.1.1.4 Effective October 1, 2018, market rate adjustments for classifications identified by the 2017-2018 Classification and Compensation Study that were at 10.5% or more below market shall be addressed for ranges 14 through 19.5 (based on numbering of previous salary schedule). Classifications that are less than 10.5% deficient in the previously named ranges shall be adjusted on the Classified Salary Schedule. Market rate adjustments will affect range, not step. 9.1.1.5 Effective October 1, 2018, ranges between Senior or Lead classifications and the rest of the job family shall be retained at current difference. 9.1.1.6 The revised salary schedule is reflected in Appendix B.
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2018-2019 Compensation. At the start of the 2018-2019 school year, the salary schedule is increased by zero (0) percent and members will be advanced a full step on the salary schedule. In addition, members who were hired prior to June 30, 2012 will be advanced an additional full step on the salary schedule after the conclusion of 2018-2019 school year. Effectiveness ratings shall not apply to this additional step. Those members who finished the 2017-2018 school year at the top step of the salary schedule will receive a one and one half (1.5) percent off- schedule increase.
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Related to 2018-2019 Compensation

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.