Personal salary component Sample Clauses

Personal salary component. For tasks specified in the salary appendix, the employee may be paid a personally agreed salary component. The amount of the salary components agreed at the com- pany level must exceed that of the salaries stated in the table by 2.27%. If the com- pany uses a company-specific productivity-based salary component in accordance with Section 4 of the salary appendix, its variable salary components shall be taken into account in the calculation of the excess insofar as they exceed 1.5%. The devel- opment of the agreed salary component is assessed company-specifically at the end of each calendar year. Any increases in personal salaries are implemented as a level increase for everyone as of the beginning of the next April.
Sample 1Sample 2
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Personal salary component. In salary groups 001 and 002, office employees are paid a pay component based on the assessment of competence and personal work performance. The personal salary component may be, at most, 30% of the table-specified salary. More specific grounds for determining the personal salary component shall be agreed upon local- ly at the company level in conformance with section 47 of the collective labour agreement. Personal work performance shall primarily be determined in performance assessment discussions carried out once a year between each office employee and his or her super- visor. The main points of the assessment discussion shall be recorded as feedback. Any changes in the personal salary component shall enter into force as of 1 May. On the basis of work performance assessment, the personal salary component may be reduced by, at maximum, 50% of the previous level. If the personal salary component is reduced as a result of the assessment, the employer shall, in connection with the as- sessment, give feedback to the employee on how to improve his or her performance. When the personal salary component is reduced, work performance shall be reassessed after six months. The assessment of work performance shall be carried out when an employee perma- nently moves from one salary group to another or, for a new person, within four months of the change in duties or the start of the employment relationship.
Sample 1
Personal salary component. In salary groups 001 and 002, office employees are paid a pay component based on the assessment of competence and personal work performance. The personal salary component may be, at most, 30% of the table-specified salary. More specific grounds for determining the personal salary component shall be agreed upon locally at the company level in conformance with section 47 of the collective labour agreement. Personal work performance shall primarily be determined in performance assessment discussions carried out once a year between each office employee and his or her supervisor. The main points of the assessment discussion shall be recorded as feedback. Any changes in the personal salary component shall enter into force as of 1 May. On the basis of work performance assessment, the personal salary component may be reduced by, at maximum, 50% of the previous level. If the personal salary component is reduced as a result of the assessment, the employer shall, in connection with the assessment, give feedback to the employee on how to improve his or her performance. When the personal salary component is reduced, work performance shall be reassessed after six months. The assessment of work performance shall be carried out when an employee permanently moves from one salary group to another or, for a new person, within four months of the change in duties or the start of the employment relationship.
Sample 1

Related to Personal salary component

  • 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.

  • Term and Maximum Compensation 1.4.1. The term of this CONTRACT is for three (3) years, commencing upon Board of Supervisor approval, with a maximum allowable compensation of one million, five hundred thousand dollars ($1,500,000), with the option to renew for two (2) additional years, with Board approval; except as permitted in Paragraph 1.5 below.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Scales ‌ 2.5.1 Effective from 1 January 2024, and subject to the Remuneration provisions in the Terms of Settlement, a 4% increase will apply to all paid and printed rates. The following Allied Divisions shall refer to the applicable schedules for their scales: MIT, UCOL and Otago. 2.5.2 Effective from 1 January 2025, kaimahi will be translated into the following salary scale, which includes the 4% salary increase: Band Step (N/A for UCOL and TOPNZ) Scale Scale 2025 (4%) 40 hours Band Step(N/A for UCOL and TOPNZ Scale 2025 (4%) Scale 2025 (4%)

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • 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.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

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