Common use of Definition of Salary Clause in Contracts

Definition of Salary. The term “salary” as used in 18.2.2 shall mean a Faculty Member’s “earnable” salary as defined under Ohio Revised Code Section 145.01 for a Faculty Member who would participate in OPERS or a Faculty Member’s “compensation” as defined in the Ohio Revised Code Section 3307.01(L) for a Faculty Member who would participate in STRS, plus payouts of sick pay and unused vacation for TIAA/Grandfathered Plan members.

Appears in 7 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.