SWAPPING OF GROSS SALARY Sample Clauses

SWAPPING OF GROSS SALARY. An arrangement on the reduction of the gross salary leads to a lower vacation-leave pay and end-of-year bonus. In the settlement of turned-in gross salary with the purchasable objects is for that reason the value of the turned-in resources for 2006 determined by: turned-in gross salary increased by 12.1% and for 2007 determined by: turned-in gross salary increased by 13.4% (being 8% vacation-leave pay and 5.4% end-of-year bonus). 2006 from resource to object vacation-leave hours > hourly value > money vacation-leave hours > hourly value > bicycle vacation-leave hours > hourly value > study costs gross salary > times 1.121 > vacation-leave hours gross salary > times 1.121 > travel expenses between home and work gross salary > times 1.121 > bicycle gross salary > times 1.121 > study costs gross salary > times 1.121 > Union Dues 2007 from resource to object vacation-leave hours > hourly value > money vacation-leave hours > hourly value > bicycle vacation-leave hours > hourly value > study costs gross salary > times 1.134 > vacation-leave hours gross salary > times 1.134 > travel expenses between home and work gross salary > times 1.134 > bicycle gross salary > times 1.134 > study costs gross salary > times 1.134 > Union Dues gross salary > times 1.134 > Life-Course Savings scheme
Sample 1
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SWAPPING OF GROSS SALARY. An arrangement on the reduction of the gross salary leads to a lower vacation-leave pay and end-of-year bonus. In the settlement of turned-in gross salary with the purchasable objects is for that reason the value of the turned-in resources determined by: turned-in gross salary increased by 12.1%
Sample 1
SWAPPING OF GROSS SALARY. An arrangement on the reduction of the gross salary leads to a lower vacation-leave pay and end-of- year bonus. In the settlement of turned-in gross salary with the purchasable objects is for that reason the value of the turned-in resources determined by: turned-in gross salary increased by 16.33% (being 8% vacation-leave pay and 8.33% end-of-year bonus). from resource vacation-leave hours > hourly value to object > money vacation-leave hours > hourly value > bicycle vacation-leave hours > hourly value > study costs gross salary > times 1.1633 > vacation-leave hours gross salary > times 1.1633 > travel expenses residence-work gross salary > times 1.1633 > bicycle gross salary > times 1.1633 > study costs gross salary > times 1.1633 > Union Dues gross salary > times 1.1633 > Life-Course Savings scheme 6 CONSEQUENCES OF REDUCING GROSS SALARY Participating in AVOM has no effect on the amount of the allowances as mentioned in the articles 3.8 up to and including 3.14 and article 3.18 of this CLA nor on the payment of overtime and leave hours. Reduction of the gross salary does have an effect on the contributions due to social insurances as well as on the claims on these social insurances. Reduction of the gross salary does not lead to a change in the pensionable income nor, as a result, to a change in FPU and pension claims (survivor‟s pension, ABP Invalidity Pension and old-age pension) and the contributions due.
Sample 1

Related to SWAPPING OF GROSS SALARY

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director of Adult Educational Development, Assistant Professor for one year, commencing on July 1, 2023 and terminating on June 30, 2024. 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.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Starting Salary All bargaining-unit positions will be hired at a starting salary commensurate with their experience. It is expected that those salaries will typically be within 20% of employees within that unit at a similar rank and/or experience level. In exceptional cases, bargaining-unit positions may be hired at a salary above that range contingent on extraordinary experience and extramural funding.

  • HOLIDAY COMPENSATION FOR TIME WORKED 126. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time- and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime as provided for elsewhere in this contract. 127. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Salary Rate on Demotion When an employee is demoted the employee shall receive the rate for the position if a single salary. If a salary range is established, the maximum reduction shall be the closest step to 8%, but where the differential between the employee's salary before demotion and the maximum salary of the lower position is greater than 8%, the new salary shall be the maximum of the new position.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • SALARY RATES Section 12.1 The following shall apply to full-time employees:

  • Compensation Rates Each of the compensation rates to be paid by Buyer to Seller for Product delivered under this Agreement as set forth below shall be populated with the values as selected by Buyer in accordance with Appendix XIV. The Compensation Rates are as follows:

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