Promotion Salary Sample Clauses

Promotion Salary. Upon promotion, an employee’s new pay scale shall be at least 5 percent higher or shall fall upon the nearest step within the range of the classification being promoted to, whichever is higher. A person can never be paid higher in base salary than the highest step of the pay range of the classification to which they are being promoted.
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Promotion Salary. Upon promotion, the salary shall be adjusted to the appropriate step on the new range, based upon experience, training, and responsibility of position as recommended by the Superintendent’s designee and approved by the Board of Education. Employees promoted to a higher salary classification shall be placed on the salary step which guarantees five percent (5%) above the salary step being received on the lower classification. When no such step of five percent (5%) increase exists on the salary schedule for the higher classification, the employee shall be placed on the step that comes the closest to the five percent (5%) increase.

Related to Promotion Salary

  • Base Salary The Company shall pay Executive a base salary at the initial annualized rate of $700,000 (“Base Salary”) in accordance with the Company’s regular payroll schedule. Executive shall be entitled to increases in Base Salary as may be determined from time to time in the sole discretion of the Company.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

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