Maximum Salary Rate Sample Clauses
The Maximum Salary Rate clause sets an upper limit on the amount of salary that can be paid to an employee or contractor under an agreement. Typically, this clause specifies a dollar amount or a formula for calculating the maximum permissible salary, ensuring that compensation does not exceed a predetermined threshold regardless of other factors such as overtime or bonuses. Its core function is to control labor costs and prevent salary expenses from surpassing budgeted or agreed-upon limits, thereby providing financial predictability and protecting the employer from unexpected compensation liabilities.
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Maximum Salary Rate. No salary advancement shall be made so as to exceed the maximum rate established for the class to which the advanced employee's position is allocated. Advancement shall be in accordance with the compensation plan of the City, provided that step increases within the salary range shall occur on the anniversary date of the appointment. An employee's pay increase shall not be affected by any leave of absence without pay if the employee is off the payroll for less than one hundred sixty consecutive hours. If the employee is off the payroll, one hundred sixty consecutive hours or more the total amount of time off shall be made up before the employee shall be entitled to such pay.
Maximum Salary Rate. No salary advancement shall be made so as to exceed the maximum rate established for the class to which the advanced employee's position is allocated. Advancement shall be in accordance with the compensation plan of the City and shall depend upon increased service value of an employee to the City as exemplified by recommendations of the department head, performance record, special training, length of service, and other pertinent evidence.