SALARY MATTERS Clause Samples

The 'SALARY MATTERS' clause defines the terms and conditions related to the employee's compensation. It typically outlines the base salary amount, the frequency and method of payment, and may address adjustments such as raises, bonuses, or deductions. By clearly specifying how and when salary is paid, this clause ensures both parties understand their financial obligations and rights, reducing the risk of disputes over compensation.
SALARY MATTERS. ‌ A. For the 2019-2021 contract years, the salary schedule shall be paid as stipulated in Appendix A. With an annual salary survey of the aforementioned Districts and yearly adjustments made when the survey demonstrates forward movement and funds are available. B. For each contract year, an additional two (2) percent of the administrator’s base salary shall be granted to each Building Administrator who holds a doctorate degree from an accredited institution recognized by the State of Washington. C. A 20-year longevity stipend of 2% of the principal’s salary placement will be paid in 12 equal monthly installments annually. The longevity stipend is included as Step 20 on the administrators’ salary schedule attached as Appendix A. D. When determining experience for salary placement purposes, experience as a principal/assistant principal at any level will be acknowledged year for year. Experience as an assistant principal will be granted at a two-year for one-year ratio.
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SALARY MATTERS. A. For the 2021-2023 contract years, the salary schedule shall be paid as stipulated in Appendix A. B. For each contract year, an additional two (2) percent of the administrator’s base salary shall be granted to each Building Administrator who holds a doctorate degree from an accredited institution recognized by the State of Washington. C. A 20-year longevity stipend of 2% of the principal’s salary placement will be paid in 12 equal monthly installments annually. The longevity stipend is included as Step 20 on the administrators’ salary schedule attached as Appendix A. D. When determining experience for salary placement purposes, experience as a principal/assistant principal at any level will be acknowledged year for year. Experience as an assistant principal will be granted at a two-year for one-year ratio when moving to the principalship.
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SALARY MATTERS 
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Related to SALARY MATTERS

  • 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 STEP PLAN AND SALARY ADJUSTMENTS Appointments to positions in the City and County service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • 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.