Basic Contract Salary Sample Clauses

Basic Contract Salary. The board and the association agree it is important for teachers to seek to improve their academic preparation so the salary schedule includes salary increments for BS, BS + 15 hours, BS + 30 hours, MS, MS + 15 hours, MS + 30 hours. The schedule also has experience increments at each level in the form shown in Appendix "C". The teacher shall be placed on the preparation level to which he/she is entitled pursuant to credit hours completed by August 15th of each year. The affected teacher shall notify the superintendent of additional credit completed, which would affect preoperational level by August 15th. A teacher shall be placed on the experience level to which he/she is entitled pursuant to his/her years of experience completed by September 15 of each year. A teacher having one-half (1/2) year of experience shall be placed on the experience level to which he is entitled in full years and then at the semester in January he/she shall be placed at the next experience level. A year of teaching experience is gained by teaching a normal load, or assigned load, for two (2) semesters. Placement on the salary schedule for experience will be based on the number of years the certified teacher has been employed by an accredited school district. A certified teacher can acquire IDP points to move across the salary schedule. Twenty approved IDP points will equal one (1) hour. A certified teacher may not advance to the Master’s Level on the salary schedule without a Master’s Degree. The USD #110 Board of Education has the right to offer a new employee a bonus. This will be offered only upon the discretion of the Board. The Board of Education has the right to accelerate an experienced teacher on the salary schedule by two years for each successful year of service to USD #110. A successful year of service is based on a positive teacher evaluation report that contains no plan for improvement attached to it. These accelerations will not be automatic. The Board reserves the right of approval for these accelerations based on the economic status of the district and merit as determined by the Board. Salary periods shall be monthly with twelve (12) substantially equal installments to be made as specified on the contract. Payroll checks will be made on the last working day before the 10th of each month, with the exception that a teacher may request their summer checks in lump sum payment on or, before April 1 of the contract year. Lump Sum Payroll Checks will be issued on June 30...
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Related to Basic Contract Salary

  • 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

  • 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.

  • 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.

  • 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.

  • 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.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • 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 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.

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