Payment Formula a) During the term of the Plan, a participating Member will be paid grid salary and allowances as follows: Salary and Allowances Paid During: Term Teaching Period Leave Period Three Years 66.667% 33.333% + interest* Four Years 75.0% 25.0% + interest* Five Years 80.0% 20.0% + interest* Six Years 83.333% 16.667% + interest* * Note: Interest will be earned on the portion withheld and will be paid annually.
Payment Formula. The number of MSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6.
Payment Formula. 1. During the non-leave portions of the individual scheme (the X years) the participating Teacher shall be paid his/her normal grid salary and allowance less the amount set out in the individual scheme by which the participating Teacher’s normal grid salary and allowances are to be reduced.
Payment Formula. The number of PSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6. The Earned Percentage is the “EBITDA Percentage,” multiplied by the “Relative TSR Factor” multiplied by the PSUs granted pursuant to Section 1.1. Notwithstanding the result of the foregoing calculation, the Earned Percentage shall not exceed 200.0%. The EBITDA Percentage is based on achievement of the Performance Criteria with respect to EBITDA Annual Growth as determined as set forth below.
Payment Formula a) In each year of the plan preceding the year of the leave, a teacher shall be paid a reduced percentage of his/her proper grid salary and the applicable allowances. The remaining percentage of annual salary and allowance which shall not exceed 33.3% shall be deferred and this accumulated amount shall be retained for the teacher by the Board to finance the year of leave.
Payment Formula. L19.05.1 During the term of the plan, a participating Member will be paid grid salary and allowances as follows: Salary and Allowances Paid During
Payment Formula. (a) In each year of the plan, preceding the year of the leave, the employee will be paid a reduced percentage of applicable annual salary.
Payment Formula. The number of PSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6. The Earned Percentage is the “EBITDA Percentage,” multiplied by the “Relative TSR Factor” multiplied by the PSUs granted pursuant to Section 1.1. Notwithstanding the result of the foregoing calculation, the Earned Percentage shall not exceed 200.0%. The EBITDA Percentage is based on achievement of the Performance Criteria with respect to Three-Year Cumulative EBITDA from Continuing Operations, as determined under the following table: 3 Year Cumulative Threshold Target Maximum EBITDA Percentage 50.0% 100.0% 200.0% Three-Year Cumulative EBITDA from Continuing Operations ($ millions) [$XXXX] [$XXXX] [$XXXX] For Three-Year Cumulative EBITDA from Continuing Operations below Threshold Performance, the EBITDA Percentage shall be zero percent (0%). For Three-Year Cumulative EBITDA from Continuing Operations in excess of Maximum Performance, the EBITDA Percentage shall be two hundred percent (200%). For Three-Year Cumulative EBITDA from Continuing Operations between any two successive points illustrated in the table above, the EBITDA Percentage shall be interpolated on a straight-line basis. The EBITDA Percentage shall be determined and certified by the Committee after the end of the Performance Period, but prior to payment to Participant. The “Relative TSR Factor” will be 75% if Relative TSR is at or below the 20th percentile. The Relative TSR Factor will be 125% if the Relative TSR is at or above the 80th percentile. Relative TSR between the 20th and 80th percentiles results in a Relative TSR Factor between 75% and 125%, based on straight line interpolation between the 20th and 80th percentiles.
Payment Formula a) In each year of the Plan preceding the period of leave a teacher will be paid a reduced percentage of salary. This shall be a fixed percentage for the duration of the Plan. The remaining percentage which shall not exceed 33.3% of the teacher's salary will be deferred and shall be retained by the Board to finance the period of leave. While participating in the DSL Plan the amount of salary deferred by a teacher under the DSL Plan cannot exceed 33.3% in any calendar year.
Payment Formula. The employer agrees to make up the difference between the employee's average weekly wage and compensation payments as regulated by M.G.L. Chapter 152. This difference can only be paid to an employee from his/her accumulated sick leave account or vacation account at the employee's request. The employee may elect to receive compensation pay only or may be denied the difference (sick leave pay or vacation pay) if no accumulated sick or vacation pay is available. The calculation of payments shall be as follows: WORKER'S COMPENSATION + SICK LEAVE PAYMENT AND/OR VACATION PAYMENTS = TOTAL PAY Except that no person shall be entitled to any compensation or benefits under this Article for any period of disability resulting in whole or in part from the voluntary use of intoxicating liquor, drugs, or narcotics; venereal disease; injuries sustained while engaged in or resulting from or arising out of the commission of a felony, or of a misdemeanor involving moral turpitude; or injuries sustained while engaged in or resulting from or arising out of the violation of any lawful rule or regulation of the department in which employed.
