Salary Enhancement Payments Sample Clauses

Salary Enhancement Payments. The following chart sets forth the only remaining retirement plans available (except for those teachers already approved for and participating under the predecessor plan of the 2009-2012 Agreement): NOTICE XXXX 0000-0000 2013-2014 2014-2015 2015-2016 2016-2017 December 31, 2012 6% 6% 6% 6% Retire: June 30, 2016 February 1, 2013 6% 6% 6% 6% Retire: June 30, 2017 February 1, 2014 6% 6% 6% Retire: June 30, 2017 Eligible teachers may elect one (1) of the three (3) remaining retirement plans as set forth in above chart. Teachers who provide notice by December 31, 2012, shall receive a 6% increase in each of the teacher’s final four (4) years (2012- 2016) as compared to the teacher’s prior year’s base salary. Teachers who provide notice by February 1, 2013, shall receive a 6% increase in each of the teacher’s final four (4) years (2013-2017) as compared to the teacher’s prior year’s base salary. Teachers who provide notice by February 1, 2014, shall receive a 6% increase in each of the teacher’s final three (3) years (2014-2017) as compared to the teacher’s prior year’s base salary. As indicated in Section 13.1.C above, teachers who are eligible for ERO shall not receive this payment.
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Related to Salary Enhancement Payments

  • Salary Payments For payroll purposes, the work week shall be defined as Monday through Sunday. In any school year, the dollar amounts on the first and last paychecks of the year may vary.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Salary Overpayment Recovery A. When the Employer has determined that an employee has been overpaid wages, the Employer will provide written notice, via certified mail, to the employee that will include the following items:

  • Salary Payment In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Date, the Company shall pay Executive a severance payment equal to Executive’s Monthly Base Salary multiplied by the number of months in the Covered Termination Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • Retirement Payment Employees with 25 or more total years of service in the program, who give two months’ notice of intent to retire, shall be provided the equivalent of 16% of annual salary, or $16,000, whichever is greater, at date of termination. The payment shall not exceed $20,000.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Salary Step Advancement No period of unpaid leave shall be counted toward time served for purposes of salary step advancement. Completion of at least 75% of the assigned work year for the employee in a paid status is a prerequisite to salary advancement.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

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