First Officer Salary Levels Sample Clauses

First Officer Salary Levels. From 1 July 2007 onwards, Annual Salaries for First Officers covered by this Agreement will be as follows: 737 First Officer July 2007 July 2008 July 2009 July 2010 July 2011 Level 1 Annual Salary $93,010 Which is 55% of the 737 Captain’s annual salary $95,801 Which is a 3% increase on 2007 annual salary. $98,675 Which is a 3% increase on 2008 annual salary. No less than $101,635 First Officers will be paid the higher of a 3% increase in 2009 annual salary or CPI up to a maximum of 5%. No less than $104,684 First Officers will be paid the higher of a 3% increase in 2010 annual salary or CPI up to a maximum of 5%. Level 2 Annual Salary $101,466 Which is 60 % of the 737 Captain’s annual salary $104,510 Which is a 3% increase on 2007 annual salary. $107,645 Which is a 3% increase on 2008 annual salary. No less than $110,874 First Officers will be paid the higher of a 3% increase in 2009 annual salary or CPI up to a maximum of 5%. No less than $114,201 First Officers will be paid the higher of a 3% increase in 2010 annual salary or CPI up to a maximum of 5%. Level 3 Annual Salary $109,921 Which is 65% of the 737 Captain’s annual salary $113,219 Which is a 3% increase on 2007 annual salary. $116,615 Which is a 3% increase on 2008 annual salary. No less than $120,114 First Officers will be paid the higher of a 3% increase in 2009 annual salary or CPI up to a maximum of 5%. No less than $123,717 First Officers will be paid the higher of a 3% increase in 2010 annual salary or CPI up to a maximum of 5%. Embraer First Officer July 2007 July 2008 July 2009 July 2010 July 2011 Level 1 Annual Salary $74,408 Which is 55% of the Embraer Captain’s annual salary $76,640 Which is a 3% increase on 2007 annual salary. $78,940 Which is a 3% increase on 2008 annual salary. No less than $81,308 First Officers will be paid the higher of a 3% increase in 2009 annual salary or CPI up to a maximum of 5%. No less than $83,747 First Officers will be paid the higher of a 3% increase in 2010 annual salary or CPI up to a maximum of 5%. Level 2 Annual Salary $81,173 Which is 60 % of the Embraer Captain’s annual salary $83,608 Which is a 3% increase on 2007 annual salary. $86,116 Which is a 3% increase on 2008 annual salary. No less than $88,699 First Officers will be paid the higher of a 3% increase in 2009 annual salary or CPI up to a maximum of 5%. No less than $91,360 First Officers will be paid the higher of a 3% increase in 2010 annual salary or CPI up to a maximum of 5%. Level 3 Ann...
Sample 1
AutoNDA by SimpleDocs

Related to First Officer Salary Levels

  • Lower Salary Level An employee who accepts another position with a lower salary range will be paid an amount equal to his or her current salary, provided it is within the salary range of the new position. In those cases where the employee’s current salary exceeds the maximum amount of the salary range for the new position, the employee will be compensated at the maximum salary of the new salary range.

  • Current Salary Level An employee who accepts another position with his or her current salary range will retain his or her current salary.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: Rank Effective 9/1/2016 Professor $77,510 Assoc. Professor $62,520 Asst. Professor $51,325 Instructor $43,835 Senior Librarian $77,510 Assoc. Sr. Librarian $66,270 Assoc. Librarian $60,730 Asst. Librarian $51,325 Beg. Librarian $43,835 Faculty Members earning a base salary below the effective minima shall move to the new minima and receive any across-the-board and compression increase under Article 10 on his or her minima. Faculty Members who will receive regional campus increases under Article 10 of this Agreement shall receive those increases before any adjustment to meet the minimum salary required by this Article.

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

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