Salary and Longevity Pay Sample Clauses

Salary and Longevity Pay. CITY agrees to pay MANAGER for his services an annual base salary of $ 209,270.00 per year beginning July 10, 2017. City Council may make such adjustment to this salary as agreed to with the MANAGER from time to time and as provided in Section 4 of this Agreement. A. CITY agrees to pay MANAGER longevity pay in the amount of FIVE THOUSAND DOLLARS ($5,000.00) (net) no later than the Wednesday before Thanksgiving of each year this contract is in effect. B. CITY will match One Hundred Percent (100%) of MANAGER’s contribution to a deferred compensation program or up to the maximum contribution as limited by federal law in the current amount of ELEVEN THOUSAND FIVE HUNDRED DOLLARS ($11,500.00); C. CITY will pay 100% of the MANAGER’s contribution to the Public Employment Retirement System for the State of Nevada. D. MANAGER will have the retirement rights of employees as provided by the Statutes of the State of Nevada; and E. Manager shall not have use of City Vehicle E.
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Salary and Longevity Pay. CITY agrees to pay MANAGER for his services an annual base salary of $197,600 209,270.00 per year beginning July 10, 2017with the first full pay period following the approval of this contract. City Council may make such adjustment to this salary as agreed to with the MANAGER from time to time and as provided in Section 4 of this Agreement. A. CITY agrees to pay MANAGER longevity pay in the amount of FIVE THOUSAND DOLLARS ($5,000.00) (net) no later than the Wednesday before Thanksgiving of each year this contract is in effect. B. CITY will match One Hundred Percent (100%) of MANAGER’s contribution to a deferred compensation program or up to the maximum contribution as limited by federal law in the current amount of ELEVEN THOUSAND FIVE HUNDRED DOLLARS ($11,500.00); C. CITY will pay 100% of the MANAGER’s contribution to the Public Employment Retirement System for the State of Nevada. D. MANAGER will have the retirement rights of employees as provided by the Statutes of the State of Nevada; and E. At the MANAGER’s discretion he may use a CITY vehicle instead of using the auto allowance. If MANAGER elects to receive an auto allowance from the CITY, MANAGER is not entitled to use a CITY vehicle. The rate of auto allowance will be reviewed and adjusted by the I.R.S. published increase or decrease in allowable expense, effective the first day of the first full pay period of July each year. Manager shall not have use of City Vehicle
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Salary and Longevity Pay. ‌ The parties jointly agree that the salary schedules identified in Attachment A will be applicable on the dates indicated for the appropriate classification for the period commencing upon ratification through June 30, 2021. Effective retroactive to the beginning of the pay period inclusive of the contract ratification date, employees shall receive a one percent (1%) salary increase. Effective the first pay period of July 2018, employees shall receive a three percent (3%) salary increase. Effective the first pay period of July 2019, employees shall receive a two percent (2%) salary increase. Effective the first pay period of July 2020, employees shall receive a two percent (2%) salary increase. Employee salaries shall be determined by Article 17 and other provisions of this agreement, and the Personnel Rules. Base salary rate shall mean the hourly rate of pay established pursuant to the step placement within the base salary range as provided in this agreement. Employees shall receive an increase in base pay beginning on their employment anniversary date(s) as stated in the schedule below. (If there has been a break in service in accordance with the Personnel Rules, the adjusted seniority date will be used). 10 Years 2.5% 15 Years 2.5% 20 Years 2.5% 25 Years 2.5%
Sample 1
Salary and Longevity Pay. ‌ The parties jointly agree that the salary schedules identified in Attachment A will be applicable on the dates indicated for the appropriate classification for the period effective retroactive to the pay period inclusive of July 1, 2021 through June 30, 2024. Effective retroactive to the pay period inclusive of July 1, 2021, Firefighter/Paramedics shall receive a three percent (3%) salary increase. Effective retroactive to the pay period inclusive of July 1, 2021, Engineers shall receive a four percent (4%) salary increase. Effective retroactive to the pay period inclusive of July 1, 2021, Captains shall receive a three percent (3%) salary increase. Effective the first pay period of July 2022, Firefighter/Paramedics shall receive a two and one-half percent (2.5%) salary increase. Effective the first pay period of July 2022, Engineers shall receive a three and one-half percent (3.5%) salary increase. Effective the first pay period of July 2022, Captains shall receive a two and one-half percent (2.5%). Effective the first pay period of July 2023, Firefighter/Paramedics shall receive a two and one-half percent (2.5%) salary increase. Effective the first pay period of July 2023, Engineers shall receive a three and one-half percent (3.5%) salary increase. Effective the first pay period of July 2023, Captains shall receive a two and one-half percent (2.5%). Employee salaries shall be determined by Article 17 and other provisions of this agreement, and the Personnel Rules. Base salary rate shall mean the hourly rate of pay established pursuant to the step placement within the base salary range as provided in this agreement. Employees shall receive an increase in base pay beginning on their employment anniversary date(s) as stated in the schedule below. Anniversary date is the employee’s date of hire with the District. (If there has been a break in service in accordance with the Personnel Rules, the adjusted seniority date will be used). 10 Years 2.5% 15 Years 2.5% 20 Years 2.5% 25 Years 2.5%
Sample 1
Salary and Longevity Pay. ‌ The parties jointly agree that the salary schedules identified in Attachment A will be applicable on the dates indicated for the appropriate classification for the period effective retroactive to the pay period inclusive of July 1, 2024 through June 30, 2027. Effective retroactive to the pay period inclusive of July 1, 2024, Firefighter/Paramedics, Engineers, and Captains shall receive a five percent (5%) salary increase. Effective the first pay period of July 2025, Firefighter/Paramedics, Engineers, and Captains shall receive a five percent (5%) salary increase. Effective the first pay period of July 2026, Firefighter/Paramedics, Engineers, and Captains shall receive a three percent (3 % ) salary increase. Employee salaries shall be determined by Article 17 and other provisions of this agreement, and the Personnel Rules. Base salary rate shall mean the hourly rate of pay established pursuant to the step placement within the base salary range as provided in this agreement. Employees shall receive an increase in base pay beginning on their employment anniversary date(s) as stated in the schedule below. Anniversary date is the employee’s date of hire with the District. (If there has been a break in service in accordance with the Personnel Rules, the adjusted seniority date will be used). 10 Years 2.5% 15 Years 2.5% 20 Years 2.5% 25 Years 2.5%
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Salary and Longevity Pay 
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Related to Salary and Longevity Pay

  • Salary and Wages Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and September 30, 2020, reduce, without the Employee’s consent, (A) the pay rate of any Employee earning a Salary, or (B) the pay rate of any Employee earning Wages.

  • Salary and Bonus 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.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • DEDUCTIONS FROM SALARY A. The Board agrees to deduct from teachers' salaries unified membership dues for Xxxxxxxxx County Teachers Association, the Maryland State Education Association and the National Education Association as said teachers individually and voluntarily authorize to deduct through an appropriate written authorization form prepared by the Association and approved by the Human Resources Division. The Board agrees to transmit such monies promptly to the Association. 1. Deductions shall be made in twenty (20) equal installments beginning in August and ending in June of each year. For new enrollees, deductions shall be made in sixteen (16) equal installments beginning in October. The Board will not be required to honor any authorizations that are delivered to it later than fifteen (15) working days prior to the distribution of the November payroll, except for authorized deductions for first-year teachers, delivered after the distribution of the November payroll whose deductions will be made in equal installments computed in accordance with the number of pay periods remaining in that school year. 2. The Association will certify to the Board in writing the current rate of membership dues. The Association will give the Board thirty (30) days written notice prior to the effective date of any change in the rate of dues. 3. No later than October 1 of each year, the Board will provide the Association with a list of those teachers from whom dues were deducted on the first payroll. The Board will provide a similar list from the November 15 payroll not later than December 1. 4. In the event that a teacher terminates employment, the Board shall deduct the balance of the unpaid dues for the current membership year from the teacher's final pay check and transmit these dues promptly to the Association. B. Payroll deductions will be available at the request of the teacher for the plans listed below and XXXXX. Except in case of an emergency, the Board shall distribute all monies from payroll deduction accounts to the proper recipients within ten (10) workdays of its deduction following the pay date. 1. 403(b) and 457(b) Programs A list of companies authorized to offer 403(b) and 457(b) products to the employees of the Board will be made available to all employees by September 1 of each fiscal year beginning July 1. The number of authorized companies for which payroll deductions will be made will be determined by the insurance council. The insurance council will recommend a number of providers deemed sufficient to provide an adequate array of eligible investment products for the benefit of all employees. In order to be eligible for inclusion on this authorized list, the companies must meet the following criteria: a. A company must submit a written explanation of their company background, administrative capabilities, products and services for consideration by the insurance council. b. The insurance council will recommend to both the Board and the Association companies that should be on the authorized list. c. When a new company is added to the list before payroll begins, the company must initially sign up a minimum of ten (10) employees. Once the minimum number of employees is signed up, payroll deductions will begin as soon as practical. Approved service-fee based providers must sign up additional employees following the minimum participants schedule listed below for the first three (3) years: Year 1 – minimum of 15 employees Year 2 – minimum of 30 employees Year 3 – minimum of 50 employees After year three (3), if at any time an approved service-fee based provider drops below fifty (50) employees participating in its program for six (6) consecutive months during the school year, it will be dropped from the authorized list of companies at the end of the particular fiscal year in which such event occurs. No- load based providers will not be required to maintain a minimum number of participants due to the lack of on-site marketing. d. At any time the service-fee based company fails to meet this requirement by decision of the insurance council, it can be dropped from the list of authorized companies. At any time, a company fails to comply with IRS regulations, by decision of the insurance council, it can be dropped from the list of authorized companies. 2. Insurance plans approved by the Association and the Board. 3. Teachers desiring payroll deductions for XXXXX shall notify the Board in writing with fifteen

  • Base Compensation The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of at least $ per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide at such time.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

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