Common use of Monthly Salary Clause in Contracts

Monthly Salary. Monthly salary means - fixed monthly salary in cash plus any fixed monthly salary supplements (e.g., fixed shift supplements or overtime supplements) - the estimated average monthly income from commissions, profit sharing, bonuses, incentive pay or similar variable salary elements. As to salaried employees who receive a substantial part of their pay through such elements, a special agreement should be made concerning the amount of pay that will constitute the monthly salary from which the deduction shall be made. - Monthly salary means also benefits in the form of meals or housing valued according to the directions of the Tax Agency.

Appears in 9 contracts

Samples: Collective Agreement, Collective Agreement, Salaried Employees

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Monthly Salary. Monthly salary means - fixed monthly salary in cash plus any fixed monthly salary supplements (e.g., e.g. fixed shift supplements or overtime supplements) - the estimated average monthly income from commissions, profit sharing, bonuses, incentive pay or similar variable salary elements. As to salaried employees who receive a substantial part of their pay through such elements, a special agreement should be made concerning the amount of pay that will constitute the monthly salary from which the deduction shall be made. - Monthly salary means also benefits in the form of meals or housing valued according to the directions of the Tax Agency.

Appears in 1 contract

Samples: Salaried Employees

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