Terms of Employment and Compensation Sample Clauses

Terms of Employment and Compensation. Executive's term of employment (the "Employment Term") hereunder shall start on July 1, 1999 and continue until such employment terminates pursuant to Section 7 hereof.
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Terms of Employment and Compensation. Executive's term of employment (the "Employment Term") hereunder shall start on the date first written above and continue until such employment terminates pursuant to Section 7 hereof. In consideration for providing services hereunder Executive shall be compensated through the salary and bonus provisions of Section 3.
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Terms of Employment and Compensation. Section 9.1 The members of the Association agree that the term of employment shall be of a fifty-two (52) week duration unless otherwise provided by the Board.
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Terms of Employment and Compensation. A. The members of the Association agree that the term of employment shall be: Position Days per year High School Principal 261 Middle School Principal 217 Elementary Principals 212 High School Assistant Principal 202 Middle Assistant Principal 202 Elementary Assistant Principal 202 B. Yearly reporting work days before and after students’ first day: Position Report Last Day HSP NA N/A MSP 20 17 ESP 20 12 HSAP, MSAP, ESAP 15 7 Section 9.2 Classification For purposes of reference, the following classifications apply: Senior High Principal Middle School Principal Elementary Principal Assistant Senior High Principal Middle School Assistant Principal Elementary Assistant Principal Section 9.3 Salary Increases and Performance A. The Board retains its sole discretion to establish salaries in excess of the scheduled amount. Merit shall be a consideration as defined by state law. B. It is agreed that when a principal's performance is unsatisfactory, as determined by the agreed upon evaluation instrument (see Article VI, Section 6.1 B), the scheduled salary increase set forth in Appendix A may not be given provided that in no event shall the principal receive a decrease in salary.
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Terms of Employment and Compensation. A. The members of the Association agree that the term of employment shall be: Position Days per year High School Principal 261 Middle School Principal 217 Elementary Principals 212 High School Assistant Principal 202 Middle Assistant Principal 202 Elementary Assistant Principal 202 B. Yearly reporting work days before and after students’ first day: Position Report Last Day HSP NA N/A MSP 20 17 ESP 20 12 HSAP, MSAP, ESAP 15 7 Section 9.2 Classification For purposes of reference, the following classifications apply: Senior High Principal Middle School Principal Elementary Principal Assistant Senior High Principal Middle School Assistant Principal Elementary Assistant Principal Section 9.3 Salary Increases and Performance A. The Board retains its sole discretion to establish salaries in excess of the scheduled amount. Merit shall be a consideration as defined by state law. B. It is agreed that when a principal's performance is unsatisfactory, as determined by the agreed upon evaluation instrument (see Article VI, Section 6.1 B), the scheduled salary increase set forth in Appendix A may not be given provided that in no event shall the principal receive a decrease in salary. C. Building Performance Pay For 2016-2017, 2017-2018, and 2018-2019 – Those buildings subject to the State Standardized Assessment: The District will compare the current available testing year Xxxxxx ISD rankings of all grade level scores within all subject areas of each building to the same for the IISD in the previous available testing year. Should the building’s aggregate average be at least two (2) positions higher than the aggregate average for the immediately preceding year, each principal assigned to that building will receive a one-time off-schedule bonus payment in the amount of $2000 (less required deductions) within 30 days of when the results become available. Principals will also qualify for the bonus payment if the building’s aggregate average is in the top three (3) of the IISD. Those buildings not subject to the State Standardized Assessment:
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Terms of Employment and Compensation. The members of the Association agree that the term of employment shall be of a fifty-two (52) week duration unless otherwise provided by the Board. Section 9.2 Classification For purposes of reference, the following classifications apply: Senior High Principal Middle School Principal 5/6 School Principal Elementary Principal Assistant Senior High Principal Middle School Assistant Principal 5/6 School Assistant Principal Section 9.3 Salary Increases and Performance A. The Board retains its sole discretion to establish salaries in excess of the scheduled amount. Merit shall be a consideration as defined by state law. B. It is agreed that when a principal's performance is unsatisfactory, as determined by the agreed upon evaluation instrument (see Article VI, Section 6.1 B), the scheduled salary increase set forth in Appendix A may not be given provided that in no event shall the principal receive a decrease in salary. C. The District reserves the right to award additional increases for professional performances which are deemed to be above average, or outstanding. The determination of those to receive professional increases and the amount of such increase shall be at the sole discretion of the Superintendent.
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Terms of Employment and Compensation. 11 3.01. Salary and Base Pay. 11 3.02. Incentive Awards. 11 3.03. Severance. 12 3.04. Success Bonus Program. 12
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Terms of Employment and Compensation 
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Related to Terms of Employment and Compensation

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Terms of Employment This Section 2 sets forth the terms and conditions on which the Company agrees to employ Executive during the period (the "Protected Period") beginning on the first day during the Term of this Agreement on which a Change of Control occurs and ending on the second anniversary of that date, or such earlier date as Executive's employment terminates as contemplated by Section 3.

  • EMPLOYMENT TERM AND COMPENSATION A. The Board hereby employs the Employee for a salary of $6,769 per bi-weekly pay period ($175,997/Annualized), payable in installments less any legally authorized deductions as the D71, Director, Application Development. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

  • TYPES OF EMPLOYMENT AND TERMINATION OF EMPLOYMENT 15 General 16 Employees on Daily Hire 17 Casual Employees 18 Employer and Employee Duties 19 Apprentices 20 Sham Contracting 21 Termination of Employment 22 Redundancy 23 Payment of Wages and Time Records 24 Superannuation 25 Insurance 26 Insurance – Minimum Cover / Minimum Benefits 27 Insurance – Employer Liability 28 Accident Makeup Pay 29 Compensation of Tools of Trade and Clothes 30 Application of Site Agreements / Inductions and off the job training / Local Labour – Visa Requirements 31 Hours of Work 32 Presenting for Work but Not Required 33 Overtime 34 Call Back

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Employees and Compensation (A) Shown on Schedule 6.15(A) is a list of the name of each employee, sales agent or other Person, separately identified as to part-time or full-time, who is currently employed in the Business by Seller, together with each Person’s job classification, date of hire, and current rate of compensation (or method for computing same). All employees of Seller are “at will” employees whose employment may be terminated by Seller at any time, with or without notice or cause. (B) Schedule 6.15(B) hereto lists all compensation and benefit plans, contracts and arrangements maintained, sponsored or participated in by Seller or any of its Affiliates in connection with the Business and in effect as of the date hereof including, without limitation, all pension (including all such employee pension benefit plans as defined in Section 3(2) of ERISA), profit-sharing, savings and thrift, fringe benefit, bonus, incentive or deferred compensation, severance pay and medical and life insurance plans and employee welfare plans as defined in Section 3(1) of ERISA that are sponsored by Seller or any of its Affiliates and in which any employees of Seller participate (collectively, “Employee Benefit Plans”). (C) As to Employee Benefit Plans sponsored by Seller or its Affiliates that are “employee pension benefit plans” as defined in Section 3(2) of ERISA, such plans sponsored by Seller or its Affiliates are tax qualified under Section 401(a) of the Code, are not currently under examination by, nor are any matters pending before, the Internal Revenue Service, the Employee Benefits Security Administration or any quasi-government agency, are not subject to any claim, suit or arbitration (other than routine claims for benefits), are not subject to the minimum funding standards of Code Section 412, are in compliance with and have been administered in accordance with their terms and in compliance with all applicable requirements of law, including, but not limited to, the Code and ERISA, and there have been no prohibited transactions as defined in Code Section 4975 or ERISA Section 406 with respect to such plans that could subject Seller or its Affiliates to a tax or penalty under Code Section 4975 or ERISA Section 502(i). (D) Neither Seller nor any of its Affiliates has incurred any Liability under Title IV of ERISA that has or could, after the Effective Date, become a Lien upon any of the Purchased Assets pursuant to ERISA Section 4068. (E) Neither Seller nor any of its Affiliates is or has ever been required to contribute to any “multiemployer plan,” as such term is defined in Section 4001(a)(3) of ERISA, in which any employees of Seller in connection with the Business participate. (F) Except as set forth in Schedule 6.15(F), no Employee Benefit Plan provides medical, surgical, hospitalization, death or similar benefits (whether or not insured) for employees for period extending beyond their retirement or other termination of service, other than (i) coverage mandated by applicable law, or (ii) death benefits under any pension plan. (G) For the purposes of this Section 6.15, Seller shall include all trades or business under common control with Seller as provided in the regulations under Code Section 414(c).

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Severance Compensation upon Termination of Employment 4.1 If the Executive’s employment with the Corporation or the Partnership shall be terminated (a) by the Corporation or Partnership other than for Cause or pursuant to Sections 3.6 or 3.7, or (b) by the Executive for Good Reason, then the Corporation and the Partnership shall: (i) pay to the Executive as severance pay, within five days after termination, a lump sum payment equal to 250% of the sum of the Executive’s annual salary at the rate applicable on the date of termination and the average of the Executive’s annual bonus for the preceding two full fiscal years; (ii) arrange to provide Executive, for a 12 month period (or such shorter period as Executive may elect), with disability, accident and health insurance substantially similar to those insurance benefits which Executive is receiving immediately prior to the date of termination to the extent obtainable upon reasonable terms; provided, however, if it is not so obtainable the Corporation shall pay to the Executive in cash the annual amount paid by the Corporation or the Partnership for such benefits during the previous year of the Executive’s employment. Benefits otherwise receivable by Executive pursuant to this Section 4.1(ii) shall be reduced to the extent comparable benefits are actually received by the Executive during such 12 month period following his termination (or such shorter period elected by the Executive), and any such benefits actually received by Executive shall be reported by the Executive to the Corporation; and (iii) any options granted to Executive to acquire common stock of the Corporation, any restricted shares of common stock of the Corporation issued to the Executive and any other awards granted to the Executive under any employee benefit plan that have not vested shall immediately vest on said termination. (a) The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor, except to the extent provided in Section 4.1 above, shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as a result of employment by another employer or by insurance benefits after the date of termination, or otherwise. (b) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive’s existing rights, or rights which would accrue solely as a result of the passage of time, under any benefit plan of the Corporation or Partnership, or other contract, plan or arrangement.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

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