Wages or Salary Sample Clauses
The 'Wages or Salary' clause defines the compensation an employee will receive for their work, typically specifying the amount, frequency, and method of payment. This clause may detail whether the pay is hourly, weekly, or salaried, and can include information about overtime, bonuses, or deductions. Its core function is to ensure both parties have a clear understanding of payment terms, thereby preventing disputes and ensuring compliance with applicable labor laws.
Wages or Salary. The Family and Medical Leave Act provides only for unpaid leave; and employer is not required to pay the employee while on statutory family or medical leave. As noted in Part VII above, however, under some circumstances there may be substitution of accrued paid leaves.
Wages or Salary. Salary: · Car Allowance: · Reimbursement of Business Expenses:
Wages or Salary. Salary: Your salary will be $10,000,00 per month, less all statutory and other deductions required from time to time (the "Base Salary"). Your Base Salary will be paid in twice monthly installments. As a person whose principal employment responsibilities consist of supervising or directing human or other resources and the application of specialized knowledge and professional judgment, you acknowledge that your Base Salary and other compensation as set out in this Agreement represents compensation for all hours worked by you in performance of your duties. Accordingly no additional overtime wages or compensation will be paid to you. · Car Allowance: In addition to your Base salary you will be paid a monthly car allowance of $600.00 to cover business use of your personal vehicle. · Reimbursement of Business Expenses: Smartcool will reimburse you for all reasonable and necessary travel and business expenses incurred by you in the performance of your duties under this Agreement. You will be required to account for such expenses by submitting a signed statement itemizing such expenses prepared in accordance with Smartcool's expense policy. You will have an opportunity to earn an annual bonus in an amount to be determined by the Board of Directors of Smartcool in its sole discretion. The payment of such a bonus shall remain at Smartcool's absolute discretion and can at any time be abolished for the current and/or for future years. Payment of any bonus, in one or several years, shall not entitle you to a future bonus;