Salary and Benefits Preserved Sample Clauses

Salary and Benefits Preserved. The salary and benefits received by the employee during the period of 12 months prior to Council restructure will apply for a period of 12 months after the redeployment of the employee.
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Salary and Benefits Preserved. If an Employee chooses Option 1 the salary and benefits received by the Employee during the period of 12 months prior to restructure will be maintained for a period of 24 months from the date of redeployment of the Employee. O ption 2: Salary and Benefits Paid Out If an Employee chooses Option 2 they will be paid the wage and the benefits which apply to the lower classification level immediately upon redeployment of the Employee. In addition, they will receive a lump sum payment to be made up as follows:  Salary - The difference in wages between the Salary the Employee received during the period of 12 months immediately prior to redeployment and the Employee’s new wage rate applicable to the redeployed position calculated on a period equivalent to 24 months, and  Benefits Paid Out - The difference in benefits (monetary value) between the benefits the Employee would have received if employed at the pre-redeployment classification and the benefits the Employee is to receive for the period of 24 months after redeployment.  Motor Vehicle - The motor vehicle benefit payment for the loss of motor vehicle usage will be achieved by paying the Employee an amount calculated in accordance with the following formula:  Full Private Use (Purchase price x 0.27) + $5496 (ATO tax free additional amount as per current financial year 2020/2021 - adjusted annually according to the ATO schedule)  Commuter Use 80% of (Purchase price x 0.27) + $5496 (ATO tax free additional amount as per current financial year 2020/2021 - adjusted annually according to the ATO schedule) A redeployed Employee will be entitled to all rostered days off, annual leave, annual leave loading, personal leave, long service leave and other leave entitlements or accumulated time, which have accrued from the Employee’s continuous service.
Salary and Benefits Preserved. 3.16.5.1 To continue to receive the salary and benefits received by the employee during the period of twelve (12) months prior to the offer of redeployment for a period of twenty-four (24) months after the redeployment of the employee; OR Salary & Benefits Paid Out

Related to Salary and Benefits Preserved

  • Salary and Benefits During the term of this Agreement:

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Pay and Benefits A. The Agency shall continue to pay salary and benefits which includes pension contribution, insurance and paid leave time consistent with what they earned before their appointment. Employees appointed as a Contract Specialist shall not be eligible for reimbursement for uniforms, boots or other ancillary items while serving as a Contract Specialist the specifics which will be noted in the employee’s Contract Specialist agreement.

  • PAY, HOURS AND BENEFITS III.A. WAGES

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • PENSION AND BENEFITS 26:01 Employees are eligible to participate in the Pension Plan; Long Term Disability Plan; Group Life and Survivor Income Plan; Dental Care Plan; Extended Health Care Plan; Semi-Private Hospital Accommodation Plan; Joint Membership Plan; and Vision Care Plan, as summarized in Schedules “B” to “I” attached hereto.

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • REMUNERATION AND BENEFITS 3.1 Manitoba shall pay to Employee as remuneration for her services, within the Executive Assistant to the Minister (EXM) classification, a basic annual salary of $58,271 payable in equal bi-weekly installments of $2,233.73, at the accepted regular Manitoba Civil Service pay periods, pro-rated where necessary for any shorter period.

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