Salary and Reopener Sample Clauses

Salary and Reopener. The Torrance Unified School District shall increase the salary schedule by 5% effective July 1, 2023. The Torrance Unified School District shall provide all unit members in paid status on December 1, 2023 with an off-schedule payment of $1,000. The $1,000 amount is for paid status of 1.0 full-time equivalent or greater; less than a 1.0 assignment will have the $1,000 bonus reduced in proportion to the work assignment (e.g. an 80% FTE assignment would receive $800). The Torrance Unified School District shall increase the salary schedule by 3.0% effective July 1, 2022. The parties agree that this provision settles all negotiations for the 2022-23 bargaining cycle. The “entire agreement” referred to above includes a Memorandum of Understanding between TUSD and SEIU 99 regarding security cameras on busses, which is currently needing a response from SEIU 99 to the prior TUSD proposal (copied below).
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Salary and Reopener. The parties agree that Torrance Unified School District shall provide all SEIU 99 unit members in paid status during March 2022 with an off- schedule payment of $1,000.00; payable not later than July 31, 2022 (due to the amount of payroll work needed to process retroactive pay increases as described below so as to avoid potential CalPERS penalties). The $1,000.00 amount is for paid status of 1.0 full-time equivalent or greater; less than a 1.0 assignment will have the $1,000.00 bonus reduced in proportion to the work assignment (e.g. an 80% FTE assignment would receive $800.00). The parties agree that this provision settles all negotiations for the 2019-20 bargaining cycle. The Torrance Unified School District shall increase the salary schedule by 2.0% effective July 1, 2021. The parties agree that this provision settles all negotiations for the 2020-21 bargaining cycle. The Torrance Unified School District shall increase the salary schedule by 3.0% effective July 1, 2021 to settle all negotiations for the 2021-22 bargaining cycle. (This amounts to a total increase of 5% to salaries of SEIU members effective July 1, 2021 ). The Torrance Unified School District shall increase the salary schedule by 3.0% effective July 1, 2022. The parties agree that this provision settles all negotiations for the 2022-23 bargaining cycle. The “entire agreement” referred to above includes a Memorandum of Understanding between TUSD and SEIU 99 regarding security cameras on busses, which is currently needing a response from SEIU 99 to the prior TUSD proposal (copied below).
Sample 1
Salary and Reopener. The parties agree to a one-time, off-schedule bonus equal to 3% of the gross base pay (excluding overtime) of each bargaining unit employee from July 1, 2012 to June 30, 2013. Effective July 1, 2013, all salary rates of all bargaining unit employees shall be increased by 5.4% The parties agree to reopen negotiations in 2013-2014, 2014-2015, and 2015-2016 as provided by Article 21 to establish salaries, fringe benefits, and articles of mutual agreement. The Union shall submit its salary proposal and other proposals to the Board of Education at the first regular Board meeting in accordance with the procedures established in Article 20.
Sample 1

Related to Salary and Reopener

  • Salary and Wages Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and March 31, 2021, 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 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.

  • 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.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Salary and Benefits (a) During the period from the date of delivery of a Termination Notice (the “Notice Date”) until the earlier of (i) the date twelve (12) months after the Notice Date, or (ii) the date the Executive commences employment with another company or organization, it being agreed that the Executive shall immediately notify the Company of such event (the “Severance Period”), and so long as the Executive is in compliance with the terms of this Agreement and any material provision of any other written agreement with the Company, the Company shall (A) pay to the Executive, per normal payroll practice, a salary (the “Severance Period Salary”) at a rate equal, on an annualized basis, to the highest annual salary (excluding any bonuses) in effect with respect to the Executive during the six month period immediately preceding the Termination Notice and (B) provide the Executive with employee benefits, including health insurance, dental insurance, life insurance, participation in the Company’s 401(k) plan and Employee Stock Purchase Plan and short-term and long-term disability coverage, pursuant to the same terms and conditions under which the Company makes such benefits available to employees generally, all subject to the terms and conditions of the respective plans and applicable law (collectively, the “Severance Period Benefits”). (b) In the event that (i) there is a Change in Control (as defined below) of the Company and (ii) within twelve (12) months thereafter, a Change in Status (as defined below) of the Executive occurs, and so long as the Executive is in compliance with the terms of this Agreement and any material provision of any other written agreement with the Company, the Company shall pay the Severance Period Salary and provide the Severance Period Benefits to the Executive during the period from the effective date of the Change in Status until the earlier of (i) the date twelve (12) months after such date or (ii) the date the Executive commences employment with another company or organization, it being agreed that the Executive shall immediately notify the Company of such event. Such compensation and benefits, and those provided under Section 3, shall be in lieu of any other compensation and benefits to the Executive with respect to any continuing employment during such period, and the Company shall have no obligation to make any payments or provide any benefits to the Executive under Section 2(a) above.

  • 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.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 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 of the Bank 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.

  • 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.

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