Fixed Pay. The income according to the system of the 13 salary scales plus the holiday allowance and annual allowance.
Fixed Pay. During the Employment Term, the Company will pay Executive an annual salary of Rupees Eight Crores (INR 80,000,000) as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Company’s normal payroll practices and be subject to the usual, required withholdings.
Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31, 2023 Annual salary of INR 2,00,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 To be determined by the India Company Board based on the outcome of the annual performance review process
Fixed Pay. Collective salary adjustment
Fixed Pay. Your annual Fixed Pay is set out in Clause 2, and will normally be paid in equal monthly instalments in arrears by direct transfer to your bank account, subject to any tax, social security, and other deductions required by law or the terms of this Agreement.
Fixed Pay. During the term of thiscao, the salaries and salary scales will be increased by 1% as of 1 July 2019 and 1 July 2020. Salary scale Scale minimum Scale maximum 1 € 1,146.55 € 1,636.95 2 € 1,334.03 € 1,904.44 3 € 1,491.79 € 2,129.64 4 € 1,670.10 € 2,385.71 5 € 1,989.03 € 2,840.67 6 € 2,304.53 € 3,291.06 7 € 2,696.61 € 3,851.17 8 € 3,148.16 € 4,495.91 9 € 3,640.85 € 5,200.05 Each salary scale has a scale minimum and a scale maximum. As at 1 January 2017, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: 10 € 4,338.85 € 6,198.36 11 € 5,220.96 € 7,458.51 As at 1 July 2019, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: Salary scale Scale minimum Scale maximum 1 € 1,158.02 € 1,653.32 2 € 1,347.37 € 1,923.48 3 € 1,506.71 € 2,150.94 4 € 1,686.80 € 2,409.57 5 € 2,008.92 € 2,869.08 6 € 2,327.58 € 3,323.97 7 € 2,723.58 € 3,889.68 8 € 3,179.64 € 4,540.87 9 € 3,677.26 € 5,252.05 10 € 4,382.24 € 6,260.34 11 € 5,273.17 € 7,533.10 As at 1 July 2020, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: Salary scale Scale minimum Scale maximum 1 € 1,169.60 € 1,669.85 2 € 1,360.84 € 1,942.71 3 € 1,521.78 € 2,172.45 4 € 1,703.67 € 2,433.67 5 € 2,029.01 € 2,897.77 6 € 2,350.86 € 3,357.21 7 € 2,750.82 € 3,928.58 8 € 3,211.44 € 4,586.28 9 € 3,714.03 € 5,304.57 10 € 4,426.06 € 6,322.94 11 € 5,325.90 € 7,608.43 Each year, the holiday allowance and annual allowance are paid out in May and December respectively. The holiday allowance equals 8% of - and the annual allowance equals 1/12 of - the monthly salaries paid out, including any personal allowance and shift allowance.
Fixed Pay. The above subsections on remuneration also apply to the Senior Kader, with the exception of the subjects discussed in this subsection. The remuneration is based on basic working hours of an average of 40 hours per week. As at 1 January 2017, the minimums and maximums for the salary scales for Senior Kader A and B (on a monthly basis, based on a 40-hour working week) are: Salary scale Scale minimum Scale maximum Senior Kader A € 7,011.31 € 10,016.15 Senior Kader B € 8,303.20 € 11,861.71 As at 1 July 2019, the minimums and maximums for the salary scales for Senior Kader A and B (on a monthly basis, based on a 40-hour working week) are: Salary scale Scale minimum Scale maximum Senior Kader A € 7,081.42 € 10,116.31 Senior Kader B € 8,386.23 € 11,980.33 As at 1 July 2020, the minimums and maximums for the salary scales for Senior Kader A and B (on a monthly basis, based on a 40-hour working week) are: Salary scale Scale minimum Scale maximum Senior Kader A € 7,152.23 € 10,217.47 Senior Kader B € 8,470.09 € 12,100.13 Employees will receive an Employee Benefit Budget (EBB) every month. The EBB as a percentage of monthly income is: Senior Kader A 12% Senior Kader B 16% The EBB is built up on the monthly income (excluding personal allowance and shift allowance). The EBB does not count towards determining other payouts, remuneration or allowances. The evaluation for the Senior Kader is expressed as an evaluation result. The salary progression percentages for the individual salary adjustment in April 2017 (evaluation year 2016) are: Evaluation Salary adjustment Senior Kader Excellent 7% Very good 5% Good 3% Reasonable 1% Poor 0% The salary progression percentages for the individual salary adjustment as of 2018 (evaluation year 2017 and subsequent years) are equal to those for employees in the salary scales 1 through 11. Each year, the employer and trade associations consult about the percentage by which the monthly salaries and scales for Senior Kader A and B are to be adjusted. The calculation of this percentage takes the following factors (and others) into account: - relevant developments in the external labour market - shifting of priorities within the terms of employment package - macro-economic and financial factors, and - cao increases.
Fixed Pay. The Company will pay the Employee a monthly gross wage of EUR 10,345 EUR in 12 monthly installments. The wage is payable on the last day of the month. The right to pay indexation and the methods of calculating and granting same are governed by the provisions of CLA 218, which is applicable to this category of employment. (CLA = Central Labour Agreement).
Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. The Fixed Pay will be further subject to annual review by the Mauritius Company Board.
