PRORATED SALARY Sample Clauses

PRORATED SALARY. The formula for determining the prorated salary for those PSMs who work less or more than a full year shall be as follows:
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
PRORATED SALARY. Part-time employees and employees involved in a job share whose active service occurs less than the equivalent of one half the school year will be credited with one year’s experience for the purpose of calculating the employee’s salary every two years as long as the sixty days equivalent is reached in that second year. Compensation of part time and job share employees shall be prorated on the basis of the portion of a full-time assignment for which he/she is employed.
Sample 1Sample 2
PRORATED SALARY. Salary is prorated under two circumstances.
Sample 1Sample 2
PRORATED SALARY. 48 All employees (except bus drivers, substitutes, apprentices, and temporaries) who work a 49 minimum three (3) hours per day shall have their income averaged and paid in twelve (12) 1 monthly installments. Bus drivers who work a minimum of three (3) hours per day shall have 2 their income averaged and paid in eleven (11) monthly installments. During the month of 3 September, bus drivers shall be paid in the same manner as they were paid at the end of the 4 previous school year. The District shall pay the employee and the employee shall accept 5 compensation for his/her services in an annual salary (hours per year multiplied by hourly rate), 6 prorated for the term of the agreement. Should an employee not work the total number of hours 7 during a pay period (1st to last day of the month previous to the pay date) the unworked portion 8 shall be deducted from the employee's paycheck during that pay period.
Sample 1

Related to PRORATED SALARY

  • Base Salary During the Employment Term, the Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Overtime Compensation (a) Overtime worked shall be compensated at the following rates:

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

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