Offshore compensation Sample Clauses

Offshore compensation. The total wage in item 4.2 (line 2) includes a 47% offshore compensation. Offshore compensation includes payments for the special conditions which offshore work entails and which are not compensated otherwise in the agreement.
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Offshore compensation. The total wage in Article 4.2 (line 2) includes a 47% offshore compensation. Offshore compensation includes remuneration for the special conditions which offshore work entails and which are not otherwise compensated in this agreement. 4.1 Wage group position Wage group Position A Chef B1 Cook, xxxxx and confectioner with trade certificate, senior cleaner B Cleaning assistant with a cleaning trade certificate C Service worker with cleaning trade certificate E Cook, xxxxx and confectioner without trade certificate, cleaning assistant The wages of stewards/heads of catering and section managers [fagledere] shall be set on an individual basis, taking into consideration the wage conditions in the company and other factors, as well as each employee’s competence, experience, education, time of employment, line of work and area of responsibility. Articles 3, 4.1 and 4.2, as well as 5 – 10, of the Agreement shall not apply for these employees. Employees who have been employed as cook/xxxxx in offshore service must, in addition to their normal work tasks, also perform cleaning work as instructed. Among other things, this applies to cleaning the ceilings and walls of their own work area. This work must be performed during ordinary working hours and without additional pay, as this is compensated in the wages indicated in Article 4.2. 4.1.1 In the event of promotion to a higher wage group, each employee shall be placed at the wage level which, as regards monetary amount, is immediately above the wage level the employee had prior to the promotion. 4.1.2 New employees shall be placed at wage level 0. As regards exceptions, see Article 4.1.3 and 4.1.4. 4.1.3 Relevant offshore experience within operating, production and catering companies is credited with up to the same wage seniority as the employee had in their last job. 4.1.4 Upon employment, employees with relevant experience not covered by Article
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Offshore compensation. The total wage in item 4.2 (line 2) includes a 47% offshore compensation. Offshore compensation includes payments for the special conditions which offshore work entails and which are not compensated otherwise in the agreement. 4. A Company-adjusted wage systems for operator companies 1. The wage system described in item 4 shall not prevent the local parties from reaching a special agreement on a separate wage system adjusted to the company in replacement of the wage system under this agreement. Such an adjusted wage system must meet the following criteria: • The adjusted wage system must be a matrix system with position groups, seniority provisions and specification of the employee’s wages. For position groups higher than the present wage group A, the local parties may agree on individual remuneration. • Any bonus payments may be combined with the company wage system and must be based on demonstrable improvements in performance and/or results in the company/group. • Local negotiations must be held until an adjustment date which is 1 June each year. The level of the adjustment shall not be less than the adjustment given in the shelf agreements pursuant to item 2 a), unless the parties have agreed otherwise. • Any special local agreement shall have the same duration as this agreement. • The local wage system must be approved by the union and the national association before being implemented. The same applies to future changes. • This system is a trial arrangement for the contract period 2000-2002. • If the local parties are unable to agree on a company-adjusted wage system, the wage system in this agreement shall apply fully. 2. New wage adjustment clause in the shelf agreements: At 1 June each year, negotiations shall be conducted between the national association and the unions. In connection with this, adjustments shall be made to the agreement’s wage matrix, which must: a) Correspond to the regular, annual wage settlement as per 1 June. b) Ensure that wage developments under this agreement are approximately the same as the average wage development of the company-adjusted wage systems. Any bonus payments in the operator companies are not included in the calculation basis for wage developments. Even if the right to automatic wage adjustment according to item 4A 2 b) lapses, this shall not prevent the organisations from demanding compensation for bonus paid in the oil companies. The Norwegian Oil and Gas Association will be free to consider such demands.
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Offshore compensation. Board and lodging rates are replaced by a daily flat rate when service personnel are staying on board a vessel offshore/sailing/quayside/anchorage/dry-dock. See Appendix A – Offshore compensation.
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Offshore compensation. 5.2.1 Offshore compensation amounts to 21% of the base salary. The daily offshore compensation is calculated as follows: (Annual salary – Annual salary / 1.21) / 146
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Offshore compensation. The total pay in item 4.2 (line 2) includes a 47% offshore compensation. Offshore compensation includes payments for the special conditions which offshore work entails and which are not otherwise compensated in this agreement. Wage system for catering employees in operator enterprises: 4.1 Wage group position B 1 Cook, xxxxx and pastry cook with craft certificate, Senior cleaner B Cleaning assistant with a cleaning craft certificate C Service worker with cleaner’s craft certificate E Cook, xxxxx and pastry cook without craft certificate, Cleaning assistant The wages of stewards/heads of catering and section managers [fagleder] shall be established on an individual basis taking into consideration the wage conditions in the company and other circumstances, as well as the each employee’s competence, experience, education, time of employment, line of work and area of responsibility. For these employees, items 3, 4.1 and 4.2 and 5-10 shall not apply.
Sample 1
Offshore compensation. The total pay in item 4.2 (line 2) includes a 47% offshore compensation. Offshore compensation includes payments for the special conditions which offshore work entails and which are not otherwise compensated in this agreement. Wage system for catering employees in operator enterprises: 4.1 Wage group position B 1 Cook, xxxxx and pastry cook with craft certificate, Senior cleaner B Cleaning assistant with a cleaning craft certificate C Service worker with cleaner’s craft certificate E Cook, xxxxx and pastry cook without craft certificate, Cleaning assistant The wages of stewards/heads of catering and section managers [fagleder] shall be established on an individual basis taking into consideration the wage conditions in the company and other circumstances, as well as the each employee’s competence, experience, education, time of employment, line of work and area of responsibility. For these employees, items 3, 4.1 and 4.2 and 5-10 shall not apply. 2. In case of promotion to a higher wage group, each employee shall be placed in the wage level which, as regards monetary amount, lies immediately above the wage level which the employee had before being promoted.
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Related to Offshore compensation

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

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