Salary and Insurance. For all services rendered by Employee under this Agreement, Employer shall pay to Employee a salary at the rate of $90,000 per year, payable in accordance with Employer's customary practices for senior employees in arrears, less withholding required by law and other deductions agreed to by Employee, so long as this Agreement shall be in effect (the "Salary"). Such Salary may, by appropriate Employer Board of Director action, be increased from time to time, and such increased Salary shall be incorporated into this Agreement by referencing such increased Salary on the attached Exhibit A. Employee shall also be included, on a basis comparable with the other executive employees of UTI Energy Corp. ("UTI") and its Subsidiaries, in any life, health or disability insurance plans and policies, and shall be entitled to such other benefits if and to the extent generally made available from time to time to senior executives of Employer, including paid vacations, paid sick leave, holiday pay and the use of an automobile; provided, however, that such other benefits shall not include the right to participate in any stock option plan, restricted stock plan or other form of employee incentive plan sponsored by UTI, Employer or its Subsidiaries and affiliates unless the plan sponsor specifically grants to Employee the right to participate in any of such plans. Employer shall also provide Employee with office and secretarial facilities appropriate for and customarily used in the performance of such duties and responsibilities as are from time to time assigned to him pursuant to this Agreement, and Employee shall be reimbursed for all travel, business and entertainment related expenses from time to time incurred by him on behalf of
Salary and Insurance. Fractional time teachers shall be paid for time worked based on an hourly rate which is the rate determined by dividing the Bachelor's maximum annual salary (not including longevity) by 1400 hours.
Salary and Insurance. Salaries shall be contained in a salary schedule, subject to the following:
(1) As shown in Appendices A-1, B-1, and C-1.
(2) Board paid premiums for insurance coverage shall be in the amount per individual Bargaining Unit Member, as agreed to in Appendices A-2, B-2, and C-2.
Salary and Insurance. Salaries shall be contained in a salary schedule, effective as of the Bargaining Unit Member's first regular contract day of the school year, as shown in Appendix A. A Bargaining Unit Member who is laid off and who is paid unemployment compensation benefits during the summer immediately following the layoff and who is subsequently recalled at the beginning of the next school year will be paid according to an annual salary rate, such that his/her unemployment compensation plus that annual salary rate will be equal to the rate of salary he/she would have earned for the school year had he/she not been laid off. Board paid premiums for insurance coverage shall be as specified per individual Bargaining Unit Member, as agreed to in Appendix B. The requirements under Public Act 152 of 2011 shall be negotiated annually.
Salary and Insurance. No salary, benefits or other compensation will be paid to the faculty member or Instructional Assistant on Parental Leave. Medical, dental, vision, life insurance, accidental death and dismemberment benefits, and long-term disability insurance are not provided for teachers or instructional assistants on a Parental Leave of Absence. Upon approval of the insurance companies, members are eligible to retain medical, dental and vision at the fully insured equivalent rate provided they pay the fully insured equivalent amount on a monthly basis. Members returning from a Parental Leave shall retain all previously earned and accumulated benefits and rights of employment.
Salary and Insurance. 1. All teachers shall be paid as per Schedule A –
Salary and Insurance. For 2008-09, the District agrees to provide a 2.5% increase on the base salary schedule in addition to the experience and education steps already awarded. Effective July 1, 2008, the District increased the District’s contribution toward the insurance premium to the current plan by 7%. **Compensation Formula This formula is used to calculate salary and insurance changes using the most recent ODE district State School Fund (SSF) estimate forecast available by June 1.
