Salary Options. All teachers must participate in the direct deposit option for payroll checks in accordance with procedures established by the business office. The salary of bargaining unit members shall be paid in equal installments. The equal installments will be paid in accordance with the teacher’s choice of payment under Option 1, Option 2, or Option 3 as set forth in this section. If the 1st or 15th is on a weekend, holiday or non-business day, the payday will be on the preceding regular business day.
Salary Options. Employees may receive as a sabbatical leave allowance, at their option, a full year's salary for one-half (1/2) of their normal work year or one-half (1/2) of their regular salary for a leave of absence equal to their normal work year.
Salary Options. Each Bargaining Unit Member shall have the right to select one of the following options for the method of receiving their contract salary.
Salary Options. For services rendered by Employee during the term of this Agreement, Employee shall be paid a base salary payable monthly, at an annual rate of CAD$225,000 during the term, subject, during the second and the third years of the term and for subsequent years, if any, to annual review and increase of salary and options at the sole discretion of the board of directors of the Company, taking into account, among other things, individual performance and general business conditions.
Salary Options. For services rendered by Employee during the term of this Agreement, Employee shall be paid a base salary payable monthly, at an annual rate of CAD$225,000 during the term, subject, during the second and the third years of the term and for subsequent years, if any, to annual review and increase of salary and options at the sole discretion of the board of directors of the Company, taking into account, among other things, individual performance and general business conditions. The base salary shall be payable in U.S. dollars, converted at the U.S. dollar exchange rate A) of 0.86 until March 31, 2007; and B) posted by the Bank of Canada on April 1st of each subsequent year, for each period of time during the term, that commences on April 1st and ends on March 31st.
Salary Options. For services rendered by Employee during the term of this Agreement, Employee shall be paid a base salary payable monthly, at an annual rate of $100,000 from April 1st, 2008 – July 1st, 2008 and $120,000 from July 1st, 2008 subject to, during the second and the third years of the term and subsequent years, if any, to annual review and increase of salary and options at the sole discretion of the CEO and board of directors of the Company, taking into account, among other things, individual performance and general business conditions. The base salary shall be payable in Canadian dollars. In addition, the Employee will receive an executive bonus plan to be set at the sole discretion of the CEO and board of directors.
Salary Options. All teachers must participate in the direct deposit option for payroll checks in accordance with procedures established by the business office. The salary of bargaining unit members shall be paid in equal installments. The equal installments will be paid in accordance with the teacher’s choice of payment under Option 1, Option 2, or Option 3 as set forth in this section. If the 1st or 15th is on a weekend, holiday or non-business day, the payday will be on the preceding regular business day.
A. O PTION 1 - A member of the bargaining unit may request his pay to be computed and paid in twenty (20) equal installments. The pays will occur on the 1st and 15th day of each month. In case of teachers who select this option, the first installment will be paid on the first scheduled payday of the school year.
B. O PTION 2 - A member of the bargaining unit may request his pay to be computed and paid in twenty-four (24) equal installments. The pays will occur on the 1st and 15th day of each month. These pays will start on the first scheduled payday of the school year and continue thereafter on every other Friday until paid in full except that a teacher on this plan shall receive the balance of his salary for the school year on the first regularly scheduled payday on or after the close of the school year in June. For teachers on the 24-pay plan Option, the District will compute deductions for insurance and other programs through the summer on the basis of information available as of May 15 of the school year and will assume no obligation nor have any responsibility to make adjustments in case of changes in any premiums or costs for such benefits that may take place after May 15 of the school year.
C. O PTION 3 – A member of the bargaining unit may request his/her pay to be computed and paid in twenty-four (24) equal installments. These pays will start on the first scheduled payday of the school year and continue on every payday until paid in full. The pays will occur on the 1st and 15th day of each month.
Salary Options. The salary of bargaining unit members shall be paid in equal installments. The equal installments will be paid in accordance with the teacher’s choice of payment under Option 1 or Option 2 as set forth in this section.
Salary Options. Teachers have the choice of receiving their salary in bi-weekly payments over the school year (The 21-22 pay option) or in bi-weekly payments over a 52-week period (the 26 pay option). It is assumed that teachers elect the 21-22 pay option unless they notify the business office differently two weeks before the first payroll in September. After the 26-pay option is exercised, that option shall remain in effect until written notice is given by the teacher for any succeeding year.
(a) Teachers shall also have the option to direct deposit their paychecks into a bank of their choice, providing said bank accepts wire transfers through ACH.
Salary Options. Mr. Israel's initial salary will be not less than the rate of $130,000 per year, payable on Xxxxxxxx'x regular payroll dates, less required withholdings. Changes in Mr. Israel's salary shall occur only by mutual agreement. On the Effective Date, Xxxxxxxx shall xxxxx to Mr. Israel options to purchase up to 23,100 shares of Xxxxxxxx'x Class B Common Stock at an exercise price of $19.07 per share. One such option shall be an incentive stock option to the extent allowable by law and shall vest one-third on the Effective Date, one-third on the first anniversary thereof and one-third on the second anniversary thereof. The other such option shall be a non-qualified option with identical vesting terms. Such options shall be issued under and pursuant to Xxxxxxxx'x existing long term incentive plan, with terms and conditions as provided therein except as expressly provided above.
