Salary Settlement Sample Clauses
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Salary Settlement. No later than thirty (30) days following the receipt by Bank of written notice from Executive that Executive is electing to terminate his employment under the provisions of section 11(b)(iii) hereof, Bank shall pay to Executive a sum equal to three (3) times the then-current annual compensation being received by Executive on the date of such notice, reduced by any applicable employment or withholding taxes. The then-current annual compensation may be in excess of the Base Salary, as herein defined. Notwithstanding the foregoing, in the event that the payment described in this subsection, when added to all other amounts or benefits provided to or on behalf of the Executive in connection with his termination of employment as a result of or in connection with a Change in Control, would result in the imposition of an excise tax under section 4999 of the Internal Revenue Code of 1996, as amended (the "Code"), such payments shall be retroactively (if necessary) reduced to the extent necessary to avoid such excise tax imposition. Upon written notice to Executive, together with calculations of Bank's independent auditors, Executive shall remit to Bank the amount of such reduction, plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the foregoing or any other provision of this contract to the contrary, if any portion of the amount herein payable to the Executive is determined to be non-deductible pursuant to the regulations promulgated under Code Section 280G, then Bank shall be required to pay to Executive only the amount determined to be deductible under said Section 280G. Executive shall not be required to mitigate the amount of any payment for which provision is made in this Section 13(b) by seeking other employment or otherwise, nor shall the amount of any payment or benefit for which provision is made in this Section 13(b) be reduced as a result of any payment or benefit which Executive may receive from any subsequent employer.
Salary Settlement. $0.30 cents per hour salary increase to the base rate of pay per bargaining unit-eligible employee • $250 Recruitment Incentive for each job candidate referred by a current employee who is successfully hired • Design Changes to Health Insurance Benefits Plan • Flexible Spending Account Match ($250 Board Contribution for $750 Employee Contribution) • Continued Commitment to Center for Employee Health
Salary Settlement. The Salary Settlement currently in effect is appended to this Agreement as Appendix A and forms part of this Agreement. Previous Salary Settlements, commencing with the Salary Settlement for the period July 1, 2002 to June 30, 2004 are also appended as Appendices sequentially numbered A1, A2, and following, with A1 representing the July 1, 2002 Salary Settlement.
Salary Settlement o One-time, non-recurring supplement per bargaining unit-eligible employee of $750 o Design Changes to Health Insurance Benefits Plan o Flexible Spending Account Match ($250 Board Contribution for $750 Employee Contribution) o Continued Commitment to Center for Employee Health
Salary Settlement o $0.40 cents per hour salary increase to the base rate of pay per bargaining unit-eligible employee o No increase in the premium for the School District’s major medical health insurance plan o Continued commitment to our Center for Employee Health
Salary Settlement o One-time, one-paycheck insurance benefits premium deduction holiday; and o One-time, non-recurring retention incentive supplement in the amount of $50 for each year of verified eligible experience for each instructional employee who has ten (10) or more years of verified eligible experience
Salary Settlement. Although we began negotiations on April 22, 2016, the District did not present a formal compensation offer until August 2nd. That first offer was 8% over two years. The District improved this offer, after the Unaudited Actuals were released and members spoke at a board meeting, to 9% over two years. The final settlement that was reached is:
Salary Settlement cents per hour salary increase to the base rate of pay per bargaining unit-eligible employee retroactive to July 1, 2021 o $10.00/ $5.00 additional compensation for each combo/ split that bus driver permanent alternate driver/ attendant accepts and completes from dispatch call assignment o Compress the Tiers for Bus Drivers, Attendants, and Permanent Alternate Bus Drivers. Employees will advance to the next available tier every three (3) years instead of the previous five (5) year range (e.g., Transportation Tiers Chart). Employees must work one day more than half their contracted fiscal year to be credited for the year. o Flexible Spending Account Match ($250 Board Contribution for $750 Employee Contribution) o Continued Commitment to Center for Employee Health
Salary Settlement. There will be a rung movement during each school year covered by this contract for qualifying staff.
Salary Settlement o $0.25 cents per hour salary increase to the base rate of pay per bargaining unit-eligible employee o Sick Leave Buyback (e.g., payment of up to the value of five workdays at the eligible employee’s daily rate of pay) o Perfect Attendance Incentive (e.g., $125 per quarter per eligible employee) o No increase in the premium for the 2017-2018 School District’s major medical health insurance plan o Continued commitment to our Center for Employee Health