Salary Scales 2.5.1 Effective from 1 January 2024, and subject to the Remuneration provisions in the Terms of Settlement, a 4% increase will apply to all paid and printed rates. The following Allied Divisions shall refer to the applicable schedules for their scales: MIT, UCOL and Otago. 2.5.2 Effective from 1 January 2025, kaimahi will be translated into the following salary scale, which includes the 4% salary increase: Band Step (N/A for UCOL and TOPNZ) Scale Scale 2025 (4%) 40 hours Band Step(N/A for UCOL and TOPNZ Scale 2025 (4%) Scale 2025 (4%)
SALARY RATES The following shall apply to full time employees: A. Effective June 30, 2014, employees who meet the eligibility criteria provided in Section B. Effective September 7, 2014, the job group index of employees will be changed in accordance with Appendix A-1, and employees who meet the eligibility criteria provided in Section 12.2 of this Article shall be paid in accordance with the September 7, 2014 Schedule of Bi-Weekly Salary Rates shown in Appendix A-2. C. Effective February 22, 2015, employees who meet the eligibility criteria provided in Section 12.2 of this Article shall be paid in accordance with the February 22, 2015 Schedule of Bi-Weekly Salary Rates shown in Appendix A-2. D. Effective September 6, 2015, employees who meet the eligibility criteria provided in Section 12.2 of this Article shall be paid in accordance with the September 6, 2015 Schedule of Bi-Weekly Salary Rates shown in Appendix A-2. E. Effective February 21, 2016, employees who meet the eligibility criteria provided in Section 12.2 of this Article shall be paid in accordance with the February 21, 2016 Schedule of Bi-Weekly Salary Rates shown in Appendix A-2. F. Effective July 10, 2016, employees who meet the eligibility criteria provided in Section G. Effective January 8, 2017, the job group index of employees will be changed in accordance with Appendix A-1 and employees who meet the eligibility criteria provided in Section 12.2 of this Article shall be paid in accordance with the January 8, 2017 Schedule of Bi-Weekly Salary Rates shown in Appendix A-2. H. Effective January 8, 2017, employees who have been at Step 12 for 52 weeks of creditable service or more shall advance to Step 13 of the January 8, 2017 Schedule of Bi- Weekly Salary Rates shown in Appendix A-2 in accordance with the provisions of Section 12.4A. Employees who have been at step 12 for less than 52 weeks of creditable service shall advance to Step 13 after completing 52 weeks of creditable service in accordance with the provisions of Section 12.4A
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.
Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $185,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary.
