Pay Year Sample Clauses

Pay Year a. For School Year 2005-2006, the pay year will begin on 26 June 2005 and extend for 26 full bi-weekly pay periods through 24 June 2006. For School Year 2006-2007, the pay year will begin on 25 June 2006 and extend for 27 full bi-weekly pay periods through 7 July 2007. For School Year 2007-2008, the pay year will begin on 8 July 2007 and extend for 26 full bi-weekly pay periods through 5 July 2008. For School Year 2008-2009, the pay year will begin on 6 July 2008 and extend for 26 full bi- weekly pay periods through 4 July 2009. b. For any subsequent pay years which may be covered by this agreement, the pay year will begin the first day of the first pay period following completion of the previous pay year and extend for 26 full bi- weekly pay periods. c. The 3% annual increase will be effective on the first day of each pay year. d. Steps 1 through 29 of the salary schedules are annual step increases payable upon completion of one (1) year of service in the prior step. For both full-time and part-time employees, step increases will be effective the first day of each pay year. (1) For full-time employees a year of service is defined as no fewer than 120 work days. (2) For part-time employees, a year of service is defined as a minimum of 900 hours in a pay status at the prior step. Hours in a pay status are cumulative and will be tracked from pay year to pay year until the bargaining unit member completes the required 900 hours required for advancement to the next step. An employee may, after completion of 900 hours, submit a written request that their pay be set at the next pay step. Upon receipt of the written request, the Agency will verify if the data is correct, then process the action making the effective date the next pay period following submission of the request. If no written request is submitted, the step increase will become effective at the start of the next school year. (3) Once a bargaining unit member advances to the next step, he/she must be in a pay status a minimum of 900 hours at the new step prior to being eligible for advancement to the next step.
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Pay Year a. The pay year for permanent bargaining unit members on set work schedules (Full- time or Part-time) will begin on the 25th day of July each year and end on the 24th day of July the following year. b. Temporary employees will be paid for hours they have actually worked. c. Steps 2 through 30 of the salary schedules are annual step increases payable upon completion of one (1) year of service in the prior step. (1) For full-time employees a year of service is defined as no fewer than 120 work days. (2) For part-time employees, a year of service is defined as a minimum of 900 hours in a pay status at the prior step. Hours in a pay status are cumulative and will be tracked from pay year to pay year until the bargaining unit member completes the 900 hours required for advancement to the next step. Once a bargaining unit member advances to the next step, he/she must be in a pay status a minimum of 900 hours at the new step prior to being eligible for advancement to the next step. (3) Full-time and part-time bargaining unit employees whose pay is spread over the pay year will have step increases effective as follows: (a) Full-time employees: On the first day of the pay year. (b) Part-time employees: At the beginning of the pay period following completion of 900 hours in a pay status at the prior step. (4) For bargaining unit employees outlined in section 2. b. above, step increases will be effective the first day of the school year following completion of one year of service. (5) Under no circumstances will employees receive more than one step increase per pay year.

Related to Pay Year

  • Pay Period The term “pay period” denotes compensation earned during the first (1st) day through the fifteenth (15th) day of each calendar month, or compensation earned during the sixteenth (16th) day through the last day of each calendar month. There shall be twenty four (24) pay periods in each calendar year.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Pay Periods The Employer shall provide for biweekly pay periods. Each employee shall be provided with an itemized statement of his or her earnings and all deductions made for any purpose.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • PAY DAY (a) The Employer shall pay each Nurse every two (2) weeks. The amount shall be in accordance with the applicable hourly rate for the Nurse’s classification and increment level listed in Appendix “A”. Payment will include regular pay and will include any other income earned during the preceding pay period. Every effort will be made to supply requested information to a Nurse as to the amount paid on or before pay day. (b) In the event that an error made by the Employer results in a Nurse not receiving four (4) or more hours or wages earned in any one pay period, the Employer will endeavour to adjust the error and pay the wages within two (2) business days of the error having being identified.

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