Common use of Salary Points Clause in Contracts

Salary Points. The breakpoint is $109,734. At $1,222 per point, 1.419 Salary Points (calculated as (109,734-108,000) ÷ 1,222) would be required to increase the Member’s salary to the breakpoint of $109,734. Since the Member is awarded 2.4 Salary Points, 0.981 Salary Points remain, and these are applied at a value of $924 per point.

Appears in 5 contracts

Samples: Faculty Collective Agreement, Faculty Collective Agreement, Faculty Collective Agreement

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Salary Points. The breakpoint is $109,73492,537. At $1,222 1030 per point, 1.419 1.493 Salary Points (calculated as (109,73492,537-108,00091,000) ÷ 1,2221030) would be required to increase the Member’s salary to the breakpoint of $109,73492,537. Since the Member is awarded 2.4 Salary Points, 0.981 0.907 Salary Points remain, and these are applied at a value of $924 780 per point. i. e., Member’s PLCP Increment = [92,537-91,000] + [(2.4 - 1.493) x 780] = $2245.

Appears in 2 contracts

Samples: Faculty Collective Agreement, Faculty Collective Agreement

Salary Points. The breakpoint is $109,734132,644. At $1,222 1,546 per point, 1.419 1.063 Salary Points (calculated as (109,734-108,000132,644 -131,000) ÷ 1,2221,546) would be required to increase the Member’s salary to the breakpoint of $109,734132,644. Since the Member is awarded 2.4 Salary Points, 0.981 1.337 Salary Points remain, and these are applied at a value of $924 1,225 per point.

Appears in 2 contracts

Samples: Faculty Collective Agreement, Faculty Collective Agreement

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Salary Points. The breakpoint is $109,734132,644. At $1,222 1,546 per point, 1.419 1.063 Salary Points (calculated as (109,734-108,000132,644 -131,000) ÷ 1,2221,546) would be required to increase the Member’s salary to the breakpoint of $109,734132,644. Since the Member is awarded 2.4 Salary Points, 0.981 Salary Points remain, and these are applied at a value of $924 per point.the

Appears in 2 contracts

Samples: Faculty Collective Agreement, Faculty Collective Agreement

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