Salary Increases and Bonus Payments Sample Clauses

Salary Increases and Bonus Payments. In consideration of the commitment of all parties to this agreement to improve productivity, efficiency and flexibility of all operations within BHSC, the salary increases and bonus payments shall be paid in accordance with table below: Salary Salary Increase 'NOT AT Effective RISK' Date Bonus Payment Date Date 'AT RISK' Payable Payable ORGANISATIONAL TEAM 2007 Base +3.2% 1/07/2008 1.0% 01/12/2009 1.0% 31/08/2009 2008 Base +3.2% 1/07/2009 1.0% 01/12/2010 1.0% 31/08/2010 2009 Base +3.2% 1/07/2010 1.0% 01/12/2011 1.0% 31/08/2011 The “at risk” organisation bonus will be paid as a percentage of individual salaries, (and individual salary packages for “contract” employees), as at 30th June and will be paid as a lump sum in the first pay period of December. The “at risk” team bonus is paid as a percentage of total salary budget, and will be a flat amount per full time employee, paid in the first full pay period on or after 31st August each year. Part time employees will be paid on a pro-rata basis. Note 1: The bonuses will be calculated based on the final salary cost for BHSC at the 30th June of the preceding year.
Sample 1
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Related to Salary Increases and Bonus Payments

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • General Salary Increase 1. Effective with the start of the pay week commencing closest to September 1, 2013, employees shall be provided an across-the-board salary increase of one percent (1%). Salary schedules shall be increased accordingly.

  • Salary Increase 46.01 Effective July 1, 2020 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2021 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2022 an increase equal to 1% will be added to the job rates and to the salaries of all employees.

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • 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.

  • 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.

  • 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.

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