Contribution Rates (a) The Employer's contribution rate to the Pension Fund shall be seven percent of base monthly salary. The Employer shall also deduct from each eligible employee's base monthly salary six percent and remit that amount together with the Employer's required contribution on behalf of each employee to the Pension Fund, or where entitlement is granted otherwise pursuant to this Agreement.
Compensation Rates Each of the compensation rates to be paid by Buyer to Seller for Product delivered under this Agreement as set forth below shall be populated with the values as selected by Buyer in accordance with Appendix XIV. The Compensation Rates are as follows:
Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.
Salary Rate The annual salary for regular faculty will be prorated according to the established workload for the academic year.
Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:
Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.
SALARY RATES Section 12.1 The following shall apply to full-time employees: