Professional Growth Compensation Sample Clauses

Professional Growth Compensation. Professional growth units are adjusted at the beginning of each fiscal year. Units earned prior to District employment of two (2) years prior to being presented to the Committee shall not be eligible for consideration for growth compensation. Increments 1st 2nd 3rd 4th 5th 6th 7th 8th 9th Units Required 10 20 30 40 50 60 70 80 90 Employees working 5 to 8 hours per day $12 per work month $24 per work month $36 per work month $48 per work month $60 per work month $72 per work month $84 per work month $96 per work month $108 per work month Employees working 4 to 4.9 hours per day $10 per work month $20 per work month $30 per work month $40 per work month $50 per work month $60 per work month $70 per work month $80 per work month $90 per work month Employees working 3 to 3.9 hours per day $7 per work month $14 per work month $21 per work month $28 per work month $35 per work month $42 per work month $49 per work month $56 per work month $63 per work month
AutoNDA by SimpleDocs
Professional Growth Compensation. 11.6.1 Each step shall be compensated at the rate of two percent (2%) being added to the employee’s monthly salary in the month following the submission of units.
Professional Growth Compensation. 1. Professional growth units are adjusted at the beginning of each fiscal year. Units earned prior to District employment of two (2) years prior to being presented to the Committee shall not be eligible for consideration for growth compensation. 2. Professional growth units earned will be equated on the basis of: 1 unit = $5.00 per month. Units previously approved shall be computed at this rate. 3. The maximum number of units, which may be approved for credit in one (1) year, shall not exceed nine (9). 4. The maximum number of units, which may be approved for credit, shall not exceed sixty (60) per employee. 5. For the 2016-17 school year only, employees who currently have the maximum of forty-eight (49) units may submit credits for approval that were completed within the last five (5) years (i.e. units must have been completed by no earlier than July 1, 2012). 6. Only verified units will be considered by the Committee for approval. The responsibility for the completion and submission of all necessary information to obtain professional growth credits rests with the employee. 7. Courses reviewed and approved by the Committee at its spring meeting will be reflected in the employee’s first pay period after July 1.
Professional Growth Compensation. A one-time payment of $200.00 per semester unit or $140.00 per quarter unit will be paid regular classified employees upon completion of courses not offered at Palo Verde College. Such courses must be part of a program of professional advancement approved by the immediate supervisor and the Superinten­dent/President. A one-time payment of $100.00 per semester unit will be paid to regular classified employees who take courses on their own time at Palo Verde College as part of a program of professional advancement approved by the immediate supervisor and Superintendent/President. The program must be approved at least one month prior to enrolling in the courses and the professional advancement process should become part of the yearly performance appraisal conferences. There shall be a $8,000 maximum annual District contribution toward payment of professional growth programs for the benefit of unit members, including the cost of release time (based upon the unit members’ hourly rate of pay) to participate in such programs during duty hours. Payment of professional growth is based upon full-time unit members receiving 100% of the professional growth rate, limited to six (6) units per semester and pro-rated for permanent part-time unit members based on the number of hours worked per week, limited to three (3) units per semester. If a unit member receives any monies from another source (i.e., staff development, financial aid, grants, etc.) the person shall not be entitled to receive district professional growth funds. Any unused portion of the annual District contribution of professional growth will be carried over to the following fiscal year and every fiscal year thereafter. Upon written request from CSEA, an annual summary of the account status will be submitted to the CSEA Executive Board. In addition, classified employees are eligible to use staff development funds beyond the amount of this agreement by application to the Staff Development Committee. A unit member will receive up to three hours of release time per week when such unit member must take a course to receive an A.A./A.S. degree at the end of the term and the course is not taught during the unit member's non-working hours. If a unit member elects to receive release time during their normal working hours, they shall not be entitled to additional compensation as stated in Item A. Any number of courses may be taken during an employee’s non-duty time. An employee may be excused from duty to take one a...
Professional Growth Compensation. A one-time payment of $200.00 per semester unit or $140.00 per quarter unit will be paid regular classified employees upon completion of courses not offered at Palo Verde College. Such courses must be part of a program of professional advancement approved by the immediate supervisor and the Superintendent/President. A one-time payment of $100.00 per semester unit will be paid to regular classified employees who take courses on their own time at Palo Verde College as part of a program of professional advancement approved by the immediate supervisor and Superintendent/President. The program must be approved at least one month prior to enrolling in the courses and the professional advancement process should become part of the yearly performance appraisal conferences. Unit members seeking professional certifications (i.e. Cisco, Microsoft, or other extensive professional certifications pertaining to professional advancement) with approval of the immediate supervisor and Superintendent/President may access Professional Growth compensation covered under this section.
Professional Growth Compensation. Nurses will be reimbursed up to a maximum of one hundred fifty dollars ($150) for Continuing Education Units per year. Preapproval and documentation of successfully completed Continuing Education Units, as well as a receipt for the expense of the units, must be submitted to the Superintendent or designee for reimbursement.

Related to Professional Growth Compensation

  • PROFESSIONAL COMPENSATION 11.1 The basic salaries of teachers covered by this Contract shall be set in accordance with the procedures set forth in this Agreement. 11.2 The salary of the teacher will be presumed correct as shown in the Uniform Teacher’s Contract unless the teacher or the Employer furnishes evidence of error. 11.3 An explanation as to how contract salary figures are computed will accompany the first paycheck of each school year. 11.4 Basic salaries for teachers shall be paid in twenty-six (26) payments. Basic salaries for teachers shall be paid in twenty-six (26) payments in a given calendar year. Exceptions may be made with the approval of the Cash Flow Committee. A teacher may receive the balance due on his contract with the first scheduled paycheck in July by written notice to the Business Office by May 1. If May 1 occurs on a day that school is not in session, the deadline shall be the next regular school day. A teacher who makes this election shall continue each year to receive the balance due on his contract with the first scheduled paycheck in July unless he notifies the Business Office by May 1 that he prefers to be paid in twenty-six (26) payments. Teachers will be notified by the Cash Flow Committee of the Xxxxxxx Teachers’ Federation prior to June 1 in the event the balance on teachers’ contracts due on the first scheduled paycheck in July cannot be paid. 11.5 New teachers will receive one half (½) of their first pay one payroll in advance and the remaining one half (½) on the next pay date. 11.6 Effective January 1, 2009, teacher pay will be issued via direct deposit only. 11.7 The Superintendent may approve additional compensation for individual teachers who have been authorized by the Superintendent to perform additional work assignments. 11.8 Payroll deductions for teachers shall be made as required by law or as mutually agreed to by the parties. Teachers may authorize deductions for tax-sheltered annuities during open enrollment periods of the carrier companies involved. 11.9 Deductions for daily absences not covered by provisions in the Contract shall be made at the same rate as earned. 11.10 Effective January 1, 1993, the Board shall pay directly to the Indiana State Teachers Retirement Fund each teacher’s three percent (3%) contribution to the fund. 11.11 The parties recognize that the salaries which appear on Regular Teacher’s Contracts and Teacher’s Temporary Contracts will be inaccurate whenever a salary increase is approved after these contracts have been executed. At the time of a teacher’s retirement, the Employer will review these contracts and, when necessary, revise the contracts for the five (5) years of service before retirement in which the teacher’s annual compensation was highest so they accurately reflect the sums which the teacher earned in each of those five (5) years. 11.12 The parties recognize that students are entitled to be taught by fully qualified teachers, while at the same time recognizing a professional responsibility to assist in the preparation of student teachers. Therefore, supervision by a teacher of a student teacher shall be voluntary. No teacher should serve as a supervising teacher more than one-half (1/2) of the total teaching time each year. This provision was not bargained and has been included for informational purposes only. Should 11.13 If the Employer determines that any committee should continue its work during the summer, teachers belonging to the committee performing such services shall be paid on the same basis and in the same manner as summer school teachers. If the Employer determines that professional development should occur in the summer, specific teachers invited to participate shall be paid on the same basis as summer school teachers.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $350,000 per annum (as in effect from time to time, the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and has the right but not the obligation to increase it, but has no right to decrease the Base Salary. (b) In addition to the Base Salary set forth in Section 4(a) above, the Executive shall be entitled to receive an annual cash bonus (“Annual Bonus”) in an amount up to $100,000 if the Corporation meets or exceeds criteria adopted by the Compensation Committee of the Board (the “Compensation Committee”) for earning Bonuses, which criteria shall be adopted by the Compensation Committee annually after consultation with the Executive and which criteria must be reasonably likely to be attainable. Annual Bonuses shall be paid by the Corporation to the Executive promptly after the year end, it being understood that the Compensation Committee’s determinations concerning attainment of any financial targets associated with any bonus determination shall not be determined until following the completion of the Corporation’s annual audit, if any, but in no event later than April 15th of the year following the year for which it is being paid (and if the Executive was employed as of last day of the calendar year to which such Annual Bonus relates, then the Executive shall be entitled to the Annual Bonus for such year, even if he is not employed by the Corporation on the date the Annual Bonus is paid for such last year). The Compensation Committee may provide for lesser or greater percentage Annual Bonus payments for Executive upon achievement of partial or additional criteria established or determined by the Compensation Committee from time to time. For the avoidance of doubt, if Executive is employed upon expiration of the term of this Agreement, he shall be entitled to the Annual Bonus for such last year on a pro-rata basis through the last date of employment, even if he is not employed by the Corporation on the date the Annual Bonus is paid for such last year. In his sole discretion, the Executive may elect to receive such annual bonus in common stock of the Corporation at the basis determined by the Compensation Committee in good faith. (c) The Corporation shall pay or reimburse the Executive for all reasonable out-of-pocket expenses actually incurred or paid by the Executive in the course of his employment, consistent with the Corporation’s policy for reimbursement of expenses from time to time. (d) The Executive shall be entitled to participate in such pension, profit sharing, group insurance, hospitalization, and group health and benefit plans and all other benefits and plans, including perquisites, if any, as the Corporation provides to its senior executives, including group family health insurance coverage, which shall be paid by the Corporation (the “Benefit Plans”). If at any time during the Term, the Corporation does not provide its senior executives with health insurance (including hospitalization) under a Benefit Plan, Executive shall be entitled to secure such health insurance for himself and his immediate family (i.e., spouse and natural born children) and the Corporation shall reimburse Executive for the cost of such insurance promptly after payment by the Executive for such insurance. For the avoidance of doubt, Executive shall be entitled to secure health insurance from high quality companies such as Blue Cross/Blue Shield, United, or Emblem, and the ability to select a no or low deductible plan. If Executive secures such health insurance, such health insurance shall be deemed to be a Benefit Plan hereunder. (e) The Corporation shall execute and deliver in favor of the Executive an indemnification agreement on the same terms and conditions entered into with the other officers and directors of the Corporation. Such agreement shall provide for the indemnification of the Executive for the term of his employment and for a period of at least six (6) years thereafter. The Corporation shall maintain directors’ and officers’ insurance during the Term and for a period of at least six (6) years thereafter. (f) The Corporation shall also maintain (or hire, if applicable) a New York City based executive assistant to assist the Executive with his duties.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!