COMPENSATION PRINCIPLES Sample Clauses
The Compensation Principles clause establishes the fundamental guidelines for determining how and when parties are compensated under an agreement. It typically outlines the basis for calculating payments, the timing of compensation, and any conditions or performance metrics that must be met to trigger payment. For example, it may specify that compensation is tied to the achievement of certain milestones or the delivery of specific services. The core function of this clause is to ensure transparency and fairness in the compensation process, reducing the risk of disputes by clearly defining payment expectations and obligations.
COMPENSATION PRINCIPLES. A. Salary of full-time members of the Bargaining Unit shall be determined by the terms of this Agreement with respect to salary schedule, creditable experience, and credentials. The salaries of part-time members of the Bargaining Unit shall be the extra-contractual rate paid full-time teachers for like assignments for the appropriate step and lane on the regular teacher salary schedule, and such members shall advance on the salary schedule in the same way as full-time members of the Bargaining Unit.
B. A teacher shall receive 1/26 annual contractual pay beginning with the first College pay date on or after August 16 in a given contractual year. A teacher will receive another 1/26 of annual contractual pay each of the next twenty-five (25) bi-weekly pay periods.
C. For the purpose of computation of a day’s pay, 0.053 of a month’s pay shall be used.
D. The Board shall pay on a current basis those monies earned for extra-pay for extra duties which are year-long in nature. Those responsibilities which are not year-long shall be paid for at the end of the activity involved.
E. A teacher’s contractual pay will be paid over twelve (12) months on a bi-weekly basis, and a teacher’s extra-contractual pay will be paid bi-weekly on a current basis. Administration and the Union will agree an implementation date.
F. The Board shall make all payroll deductions as required by law and such other deductions as may be agreed to by the parties.
G. Salary errors shall be adjusted upon detection and made retroactive within legal limits.
H. Teachers receiving advanced degrees shall be placed on the new lane of the salary schedule at the beginning of the semester which follows written notification to the Office of Human Resources of the accomplishment of the degree. It is expected that official verification of the awarding of the degree shall be forwarded to the Office of Human Resources within the first semester during which payment for the degree is provided.
I. All 1650 part-time members of the Bargaining Unit who have teaching assignments shall be compensated at 100% of the full-time contractual compensation base pay according to the following:
J. A teacher in the ASSET or CISCO programs shall be advanced one lane on the salary schedule for every 940 hours of certification coursework successfully completed, provided such coursework is a requirement for teaching in the assigned discipline or specialty. Such lane advancement shall be limited to the Master’s, Master’s+30, and Ma...
COMPENSATION PRINCIPLES. The Agency’s Estates Representatives will lead on negotiation with landowners and any other parties entitled to compensation under the powers under which a Scheme works are carried out. A regular update will be provided to the Council’s Estates Representative outlining key agreements and discussions. Agreed forecasts will be incorporated in the overall forecast Scheme costs for calculation of contribution levels on Scheme completion.
COMPENSATION PRINCIPLES. All compensation programme design, determination and administration are guided by the following principles:
COMPENSATION PRINCIPLES. (a) The Parties shall comply with their obligations in Part 3 (Land Compensation Principles) of Schedule 4 (Land Requirements).
(b) Notwithstanding Project Co's right to access granted under clause 7.1(a), Project Co shall take reasonable measures to mitigate any sums payable by TfL pursuant to Part 3 (Land Compensation Principles) of Schedule 4 (Land Requirements).
COMPENSATION PRINCIPLES. A. Step Placement and Rates of Pay
1. Rates of Pay on Promotions
a. An employee promoted to a higher paying classification will experience a position date.
b. An employee will receive a minimum increase of fifty cents ($0.50) per hour unless such a raise would cause the maximum rate of the new classification to be exceeded. In addition, an employee may be granted more than fifty cents ($0.50) per hour based on education, experience, and difficulty to fill a position, providing the employee is not placed on a step that is higher than a SSA incumbent in that position.
c. Promotions on or after May 1 but before July 1 will be treated as though the effective date of promotion is July 1st.
COMPENSATION PRINCIPLES. A. Step Placement and Rates of Pay
1. Rates of Pay on Promotions
a. An employee will receive a minimum increase of fifty cents ($0.50) per hour unless such a raise would cause the maximum rate of the new classification to be exceeded. In addition, an employee may be granted more than fifty cents ($0.50) per hour based on education, experience, and difficulty to fill a position, providing the employee is not placed on a step that is higher than an SSA incumbent in that position.
b. Promotions on or after March 1 but before July 1 will be treated as though the effective date of promotion is July 1st.
COMPENSATION PRINCIPLES. All compensation, including Funding, Incentives and Penalties are set out in Schedule C which may be revised and replaced as agreed to by the parties acting reasonably.
COMPENSATION PRINCIPLES. CTS shall charge each CLIENT the fees and other amounts set forth in, and in accordance with, Exhibit B in exchange for the CTS Services provided to and used by CLIENT. CTS will bill CLIENT on a monthly basis for the previous month’s services. At the request of CLIENT, CTS will provide a report of services rendered during that prior month. Invoices for services are due within 30 days of the applicable invoice date. CLIENT agrees to pay all amounts owed to CTS when due. All amounts not paid when due shall bear interest at the rate of one and one-half percent (1.5%) per month or the maximum rate permitted by applicable law, whichever is less. If CLIENT fails to pay invoices in a timely manner consistent with the terms of this Agreement CTS reserves the right to interrupt services until all outstanding invoices are paid. Invoices will be sent to the CLIENT billing address shown in Exhibit B, or to such other address as CLIENT may specify by giving written notice as provided in Section 10.4. In the event CLIENT disputes any charges on the invoice, CLIENT will provide written notice to CTS which shall identify the disputed charges and CLIENT’s basis for such dispute, such charge will continue to be due and owing and shall be paid by CLIENT in accordance with the terms set forth above until such dispute is resolved. In the event an invoice is placed in the hands of an attorney for collection, CLIENT promises to pay CTS’s reasonable attorneys’ fees and/or any applicable collection costs if sent to collections, even though no suit or action is filed hereon; if a suit or action is filed, the amount of such reasonable attorney’s fees shall be fixed by the court or courts in which the suit or action, including any appeal therein is tried, heard or decided. The CTS fees set forth in Exhibit B is exclusive of all federal, state, local and foreign sales, use, excise, utility, gross receipts and value added taxes, surcharges and assessments, and the CLIENT agrees to pay all of such taxes, as set forth in the applicable invoice, provided that the CLIENT shall have no obligation to pay any taxes based on the income of CTS.
COMPENSATION PRINCIPLES. A. Step Placement and Rates of Pay
1. Rates of Pay on Promotions
a. An employee promoted to a higher paying classification will experience a position date change to the date of the promotion and advance to the pay step in the new classification which is nearest to the employee's previous pay step; provided that the employee will not receive less than a fifteen cent (15¢) per hour raise unless such a raise would cause the maximum rate of the new classification to be exceeded.
b. For salary purposes only, employees promoted on or after July 1, but before September 1, will be treated as though their effective date of promotion was September 1 of the next academic year.