2020-2021 Salary Sample Clauses

2020-2021 Salary. Effective July 1, 2020, the 2019-2020 salary schedules shall be increased by 2.5%. The revised salary schedules shall be attached to this Agreement as Appendix A1 and Appendix A2. In addition to the salary schedule adjustment, the members shall receive a 1% bonus, off schedule, effective July 1, 2020, as recognition of their dedication to the students of MPCSD and their willingness to work through these most difficult of times.
Sample 1Sample 2
AutoNDA by SimpleDocs
2020-2021 Salary. Effective July 1, 2020, the District shall provide for the 2020-2021 fiscal year no increases to the CSEA salary schedule in effect during the 2019-2020 fiscal year and Grade 72 on the CSEA salary schedule shall be eliminated and any impacted classifications will be moved to Grade 73. The eight (8) step salary schedule shall be four percent (4%) between grades and three percent (3%) between steps. However, for the 2020-2021 fiscal year, the District shall provide unit members with a one-time, off-schedule payment of two and one-half percent (2-1/2%) to be paid on the July 2021 pay period. Effective July 1, 2021, the District shall provide for the 2021-2022 fiscal year an increase equivalent to the funded Statutory Cost of Living Adjustment (COLA) to the lowest cell of the CSEA salary schedule in effect during the 2020-2021 fiscal year. The eight (8) step salary schedule shall be four percent (4%) between grades and three percent (3%) between steps. If after the July 1, 2021 funded statutory COLA has been applied there are any steps on the 2021-2022 salary schedule that fall below the January 1, 2022 state minimum wage, the District shall provide an increase effective January 1, 2022 equivalent to the percentage needed for the lowest cell of the CSEA salary schedule in effect during the 2021-2022 fiscal year to meet the state minimum wage. The eight (8) step salary schedule shall be four percent (4%) between grades and three percent (3%) between steps. In addition, for the 2021-2022 fiscal year, the District shall also provide unit members with a one-time, off-schedule payment of one percent (1%) to be paid on the July 2022 pay period. Effective July 1, 2022, the District shall provide for the 2022-2023 fiscal year an increase equivalent to the funded Statutory Cost of Living Adjustment (COLA) to the lowest cell of the CSEA salary schedule in effect during the 2021-2022 fiscal year. The eight (8) step salary schedule shall be four percent (4%) between grades and three percent (3%) between steps. In addition, for the 2022-2023 fiscal year, the District shall provide unit members with a one-time, off-schedule payment of one percent (1%) to be paid on the July 2023 pay period.
Sample 1

Related to 2020-2021 Salary

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $550,000 per annum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed (and may be increased, but not decreased) from time to time by the Board or an authorized committee of the Board.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!