SALARY & OTHER COMPENSATION Sample Clauses

SALARY & OTHER COMPENSATION. 13.1 Payment. Teachers will be paid in twenty-two (22) or twenty-six (26) substantially equal bi-weekly installments. For returning teachers and teachers hired on or before August 1 of the corresponding school year, each year the first paycheck shall be made on the first regular pay date on or following the first teacher workday of the school year. For teachers hired after August 1st of the corresponding school year, the teacher’s first paycheck will be the regular pay date corresponding with the pay period in which they first report to work. A teacher selecting 26 pays will receive their remaining paychecks for the months of July and August on the last official payday in June. A teacher shall elect either twenty-two (22) or twenty-six (26) pay periods at the time of initial employment. If the teacher does not make an election prior to the processing of the first paycheck for the teacher, the default shall be twenty-six (26) pays. Thereafter, a teacher may change his/her payment option by notifying the school district in writing on or before August 1 preceding the school year in which the change will take effect.
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SALARY & OTHER COMPENSATION. A. Compensation Model 1. For 2019-2020 and 2020-2021, salary increases will be given to effective and highly effective teachers under the compensation model described below to create the salary range found in Appendix A-1. The 2019-2020 salary of teachers employed during the 2018-2019 school year will be the salary on Appendix A-1 that is equal to or next higher than the salary that the teacher received for 2018-2019 and then advance down one step on the salary schedule. 2. Increases in salary are based on 1) earning of an effective or highly effective evaluation rating and 2) experience. An employee’s evaluation accounts for 68% of the total increase and experience makes up 32% of the total increase. After initial placement, a teacher’s salary will be unchanged until the teacher meets the requirements for an increase as described below. No teacher rated ineffective or needs improvement will receive any increase in compensation under this Contract. 3. To move down one (1) row within the same column, a teacher must earn an effective or highly effective evaluation for the preceding school year. A teacher must have been present for 120 days to earn an evaluation rating. Any teacher hired to HHSC during the school year who has taught previously during the current school year in another Indiana school corporation and has taught a total of 120 days combined in both school corporations will receive a summative evaluation. 4. These movements will be made if sufficient funds are available. 5. Teachers returning from a leave of absence who received at least an effective evaluation prior to their leave will advance one row on the schedule. 6. The Superintendent may place new hires at any spot on Appendix A-1. New hires will be placed on the salary schedule with existing teachers of comparable degree and experience. CTA President will be notified of any exceptions to this. 7. The amount that would otherwise have been allocated for the salary increase of teachers rated ineffective or improvement necessary will be re-allocated, as a one- time stipend, for compensation of teachers rated effective and highly effective. 8. The salary range for 2019-2020 shall be $37,500 to $76,500 and the salary range for 2020-2021 shall be $37,500 to $76,500. B. A teacher(s) accepting extra duty assignment(s) shall be compensated in accordance with the provisions agreed to between the parties to this collectively bargained agreement and as reflected in an extra duty assignment compensatio...
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SALARY & OTHER COMPENSATION. In consideration for Employee=s services to LOC during the time period in which this Agreement is effective, Employee shall receive a base salary of ________ per annum to be paid in equal installments every ___________, from which LOC shall withhold and deduct all applicable federal and state income, social security and disability taxes as required by applicable laws.
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SALARY & OTHER COMPENSATION. ‌ A. Compensation Model 1. For 2017-2018 and 2018-2019, salary increases will be given to effective and highly effective teachers under the compensation model described below to create the salary range found in Appendix A-1. The 2017-2018 salary of teachers employed during the 2016-2017 school year will be the salary in the appropriate column of Appendix A-1 that is equal to or next higher than the salary that the teacher received for 2016- 2017 and then advance down one step on the salary schedule. 2. Increases in salary are based on 1) earning of an effective or highly effective evaluation rating and 2) experience. An employee’s evaluation accounts for 68% of the total increase and experience makes up 32% of the total increase. After initial placement, a teacher’s salary will be unchanged until the teacher meets the requirements for an increase as described below. No teacher rated ineffective or needs improvement will receive any increase in compensation under this Contract. 3. To move down one (1) row within the same column, a teacher must earn an effective or highly effective evaluation for the preceding school year. A teacher must have been present for 120 days to earn an evaluation rating. 4. These movements will be made if sufficient funds are available. 5. The Superintendent may place new hires at any spot on Appendix A-1. New hires will be placed on the salary schedule with existing teachers of comparable degree and experience. CTA President will be notified of any exceptions to this. 6. Teachers that received an effective or highly effective evaluation from the 2016- 2017 school year are eligible for a minimum base salary increase of $1400. If such and eligible teacher’s base salary increase amount for 2017-2018 equates to less than $1400 over the teacher’s 2016-2017 salary, such teacher will be paid a one-time stipend to ensure that he or she receives a total increase in compensation (including stipend) of at least $1,400 for the 2017-2018 school year. 7. The amount that would otherwise have been allocated for the salary increase of teachers rated ineffective or improvement necessary will be re-allocated, as a one- time stipend, for compensation of teachers rated effective and highly effective. 8. The salary range for 2017-2018 shall be $36,000 to $75,000 and the salary range for 2018-2019 shall be $37,000 to $76,000. B. A teacher(s) accepting extra duty assignment(s) shall be compensated in accordance with the provisions agreed to between the p...
Sample 1
SALARY & OTHER COMPENSATION. 13.1 Payment. Teachers will be paid in twenty-two (22) or twenty-six (26) substantially equal bi-weekly installments. The first paycheck each year shall be made on the first regular pay date on or following the first teacher work day of the school year. A teacher will receive his/her remaining paychecks for the months of July and August on the last official payday in June. A teacher shall elect either twenty-two (22) or twenty-six (26) pay periods at the time of initial employment. If the teacher does not make an election prior to the processing of the first paycheck for the teacher, the default shall be twenty-six (26) pays. Thereafter, a teacher may change his/her payment option by notifying the school district in writing on or before August 1 preceding the school year in which the change will take effect.
Sample 1
SALARY & OTHER COMPENSATION. (a) The Company shall pay Employee (i) base compensation (the "Salary") for services rendered in the amount of Three Hundred, Thirty-Two Thousand, Six Hundred Fifty-Two Dollars ($332,652) per annum, payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes (which base compensation may be increased by the Board of Directors of the Company, in its sole discretion), and (ii) annual bonus, if any, as may be determined by the Board of Directors of the Company, in its sole discretion. The Board of Directors shall annually review Employee's Salary for adjustment when appropriate. (b) The Employee will participate in the bonus plan as provided in EXHIBIT A attached hereto. (c) Sunair will make available a pool of 300,000 Sunair stock options for (i) Employee, and (ii) certain members of his management team and the three (3) Middleton district managers named in EXHIBIT B attached hereto, with an initial grant of 200,000 options to be allocated among such persons as provided in EXHIBIT B attached hereto. (d) The Employee will be entitled to participate in any bonus plan, incentive compensation program or incentive stock option plan or other employee benefits of the Company and which are available to the other similarly situated executives of the Company, on the terms and at the level of participation determined by the Board of Directors. Options granted pursuant to such plans shall vest in accordance with the applicable plan from the time of grant until the Expiration Date (as defined herein).
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SALARY & OTHER COMPENSATION 
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Related to SALARY & OTHER COMPENSATION

  • Other Compensation Unless otherwise stated, this Agreement does not include the Agent’s service of preparing the Property for sale or refinance, modernization, fire or major damage restoration, rehabilitation, financial accounting or legal advice, representation before public agencies, advising on proposed new construction, debt collection, counseling, attending any Association or Condominium meetings, and any other obligation not listed as a Service. If the Owner requests the Agent to perform services not included in this Agreement, a fee shall be agreed upon before such services are performed.

  • No Other Compensation Each Party hereby agrees that the terms of this Agreement fully define all consideration, compensation and benefits, monetary or otherwise, to be paid, granted or delivered by one Party to the other Party in connection with the transactions contemplated herein. Neither Party previously has paid or entered into any other commitment to pay, whether orally or in writing, any of the other Party’s employees, directly or indirectly, any consideration, compensation or benefits, monetary or otherwise, in connection with the transaction contemplated herein.

  • 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.

  • 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.

  • No Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you have not earned and will not receive from the Company any additional compensation relating to or arising from employment with the Company (including base salary, bonus or incentive compensation), severance, or benefits before or after the Separation Date, with the exception of any vested right you may have under the express terms of a written ERISA-qualified benefit plan (e.g., 401(k) account).

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Salary and Other Compensation As compensation for the services to be rendered by the Employee to the Company pursuant to this Agreement, the Employee shall be paid the following compensation and other benefits:

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

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