Variable Rate Compensation Sample Clauses

Variable Rate Compensation. Variable rate compensation pool of funds for the 2021-2022 school year shall equal Ten Thousand dollars ($10,000.00). In each of the successive contract years during the term of the Agreement, the increase in variable rate compensation pool of funds shall be adjusted based on Assistant Superintendent’s salary adjustment under the Act 93 Agreement. The variable rate compensation shall not be cumulative; however the increase in the variable rate compensation shall be cumulative. The variable rate compensation shall be paid, if authorized by the Superintendent, on an annual basis after completion of Assistant Superintendent’s annual performance review. The variable rate compensation paid to Assistant Superintendent shall be authorized by the Superintendent based on the performance of goals as determined by the Superintendent. The variable rate compensation is intended by the School District to qualify as regular compensation for purposes of the Public School Employees Retirement System (“PSERS”). For the avoidance of doubt, Assistant Superintendent shall have no right to receive additional compensation available under Act 93, including but not limited to compensation in the form of a Performance Goals Merit Bonus. The variable increase shall be awarded based on the following performance assessment rating: Rate of Performance Incentive Compensation Performance Rating Achieved 100% Exemplary (3.0 - 4.0) 75% Proficient (2.5 - 2.9) 50% Proficient (2.0 - 2.4) 25% Progressing (1.0 - 1.9) 0% Not meeting standards (Below 1.0)
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Variable Rate Compensation. Variable rate compensation for the 2024- 2025 school year shall equal Eleven Thousand One Hundred Dollars ($11,100.00). In each of the successive contract years during the Term, the increase in variable rate compensation pool of funds shall be adjusted based on the Deputy Superintendent/Chief Academic Officer’s salary adjustment under the Act 93 Plan. The variable rate compensation shall not be cumulative; however the increase in the variable rate compensation shall be cumulative. The variable rate compensation shall be paid, if authorized by the Superintendent, on an annual basis after completion of Deputy Superintendent/Chief Academic Officer’s annual performance review. The variable rate compensation paid to Deputy Superintendent/Chief Academic Officer shall be authorized by the Superintendent based on the performance of goals as determined by the Superintendent. The variable rate compensation is intended by the School District to qualify as regular compensation for purposes of the Public School Employees Retirement System (“PSERS”). Deputy Superintendent/Chief Academic Officer shall have no right to receive additional compensation available under the Act 93 Plan, including but not limited to compensation in the form of a Performance Goals Merit Bonus. The variable increase shall be awarded based on the following performance assessment rating: Rate of Performance Incentive Compensation Performance Rating Achieved 100% Exemplary (3.0 - 4.0) 75% Proficient (2.5 - 2.9) 50% Proficient (2.0 - 2.4) 25% Progressing (1.0 - 1.9) 0% Not meeting standards (Below 1.0)
Sample 1

Related to Variable Rate Compensation

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Hourly Rate Divisor The hourly rate for the purposes of the calculation of overtime is the weekly all- purpose rate divided by 36.

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