Local salary Sample Clauses

Local salary setting Local salary-setting is determined by the local circumstances that create the company’s financial conditions and the individual member’s contribution to the organisation. Salary-setting is therefore a natural part of a process of productivity and income generation and is designed to stimulate improved performance. The level of the members’ total salary increases may vary from company to company. This depends, for example, on the company’s profitability and innovativeness, the competence of the member, how goals are achieved, supply and demand for specific competence and the salary level on the local labour market for the categories concerned.
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Local salary. REVIEW Each individual member’s salary is established in an individual salary talk with the manager responsible for salary setting in accordance with 1.6. If particular grounds exist, the associa- tion for graduate professionals may negotiate on behalf of individual members or a certain group/certain groups. The results of the individual salary talks are documented and forwarded in writing to the association for graduate professionals, no later than 15 April 2022. The association for graduate professionals may no later than two weeks after forwarding the result request local negotiations. The salary review is concluded once the salary talk has been completed or when the local, or central, negotiations have been concluded. The manager responsible for salary setting communicates the new salary in cases where local negotiations have taken place.

Related to Local salary

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , 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.”

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

  • 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.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • 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”).

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

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