SALARY SCHEDULE, SALARY CREDIT AND PAYMENT OF SALARY Sample Clauses

SALARY SCHEDULE, SALARY CREDIT AND PAYMENT OF SALARY. A. Movement on the salary schedule shall be automatic on July 1st of each year for each unit employee provided the employee has been continuously employed by the district for at least six months prior to July 1st. Upon initial employment, notwithstanding Section C below, a unit member will be placed on the entry level salary and shall move to line 1 on the September following a minimum of six months of service. For the purpose of defining “movement”, the parties agree that each unit member will move on step within the salary schedule on July 1 of each year effective July 1, 2005. Employee steps in effect on 6/30/05 will be restated to accommodate the return to the traditional step movement schedule as per Appendix A. B. In the event that an Association member changes positions and/or classifications within the school district, credit will be given for prior service in the district in determining placement on a step of the salary schedule. Prior service equivalent to one-half year or more will be recognized as one full year. C. The employer may grant up to three year’s credit on the salary schedule to new employees for prior comparable experience. D. For time worked in excess of the 40 hour work week, overtime pay at one and one half the times the employee’s hourly rate shall be paid or time off during a regular work day equivalent to the time and one-half worked in excess of the 40 hour work week may be granted by mutual agreement between the employee and his/her supervisor. E. The District agrees to make payroll deduction, upon written authorization therefore, from the salaries of employees for contributions to the New York State Employees or Teachers Retirement Systems, payments for the purchase of a tax-sheltered annuity, contributions to a Federal Credit Union designated by the District, payments to the NYSUT Member Benefit Trust; contributions to a Section 125 Cafeteria Plan, and the payment of dues to any authorized agent; and to disburse these deductions for the purposes intended. Procedures for all payroll deduction shall be established by the District. F. The salary schedule shall increase $1,000, $1,000, $1,000, and $1,000 as per the attached Schedule A. Salaries for full time ten month employees shall be based on 1,430 hours.
Sample 1
AutoNDA by SimpleDocs

Related to SALARY SCHEDULE, SALARY CREDIT AND PAYMENT OF SALARY

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • 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 Schedule The salaries of employees covered by this agreement are set forth in the salary schedule in Appendix A which is attached to and incorporated into this agreement.

  • Placement on Salary Schedule The following rules shall be applicable in determining placement of a teacher on the appropriate salary schedule.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Salary Schedules (a) The salary schedules shall be incorporated into this Agreement as Appendix V. (b) Salary schedules will contain Career Enhancement/Growth steps as described in Section 45.6.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Placement on the Salary Schedule Members of the bargaining unit shall be placed on the salary schedule at the step appropriate for training and creditable years of experience.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!