WAGES, SALARY, AND EMPLOYEE COMPENSATION Sample Clauses

WAGES, SALARY, AND EMPLOYEE COMPENSATION. ‌ 5.1 Fiscal Year Salary Schedules
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WAGES, SALARY, AND EMPLOYEE COMPENSATION. 37.1 The following wage and salary adjustments will be implemented only to the extent such rate adjustments are funded through the State’s General Fund: 37.1.1 As of the Effective Date of this Agreement, all salary ranges and steps of the Salary Schedule in effect on June 30, 2005 will be increased by 3.2%, as shown in Appendix B. 37.1.2 As of the Effective Date, salaries for classifications found to be more than 25% behind the prevailing rate, in accordance with the Department of Personnel's 2002 Salary Survey, will be brought to within 25% of prevailing rate as listed in Appendix C. 37.1.3 For all employees in the bargaining unit as of the Effective Date, the salary increases described in subsections 37.1.1 and 37.1.2 above will be applied retroactively to all compensation provided by the University between July 1, 2005 and the Effective Date. 37.1.4 Effective July 1, 2006, all salary ranges and steps of the Salary Schedule will be increased by 1.6% provided that the July 1, 2006 Salary Schedule will remain in effect for twelve (12) months. At midnight on June 30, 2007, all salary ranges and steps will be returned to the July 1, 2005 levels, as shown in Appendix B. 37.2 The Employer may designate a position for special pay in the following circumstances: 37.2.1 When a unique configuration of work requires skills, duties, or working conditions beyond those typically required of comparable positions; 37.2.2 To alleviate employment problems such as recruitment and/or retention; 37.2.3 When failure grant special pay could result in retention problems and seriously jeopardize University operations; and 37.2.4 To prevent salary inversion of compression problems with other classes in the same or related series which have been granted special pay. 37.3 Employees who are assigned the full scope of duties and responsibilities of a position in a higher classification for a period of more than fifteen (15) calendar days will be paid at the step in the higher range which is nearest to a two (2) step increase from the employees’ normal step. 37.4 The University will assign newly hired employees to the appropriate range and step of the salary schedule. 37.5 Employees will receive periodic increases as follows: 37.5.1 Employees who are hired at the minimum step of the pay range will receive a two (2) step increase to base salary following completion of six (6) months of service, and an additional two (2) step increase annually thereafter, until they reach the top of the...
Sample 1
WAGES, SALARY, AND EMPLOYEE COMPENSATION. 5.1 Fiscal Year Salary Schedules Bargaining unit members are eligible for service increments of 3½ percent each. A service increment may be granted only to the extent that an employee's salary does not exceed the maximum salary for the assigned grade. Receipt of a service increment shall be conditioned upon the provisions of Article 6, Service Increments. Bargaining unit members on the OPT/SLT salary schedules include longevity increments and who are at the maximum of their pay grade are eligible for a 3.25 percent increase when they have completed 16 years of service (beginning of year 17); 20-years of service (beginning of year 21); and 25 years of service (beginning of year 26). Bargaining unit members on the Correctional Officers or Deputy Sheriff Uniform Salary Schedule who are at the maximum of their pay grade are eligible for a 3.5 percent increase when they have completed 16 years of service (beginning of year 17); 20 years of service (beginning of year 21), and 25 years of service (beginning of year 26). bargaining unit members who are at the maximum of their pay grade and have completed 16 years of service (beginning of year 17) equal to a 3.25 percent increase to be paid the first full pay period following their 16-year service anniversary. Effective July 1, 2023, the Correctional Officers and Deputy Sheriff Uniform Salary Schedules shall contain a longevity increment for bargaining unit members who are at the maximum of their pay grade and have completed 16 years of service (beginning year 17) equal to a 3.5 percent increase to be paid the first full pay period following their 16-year service anniversary. Effective July 1, 2023, the OPT/SLT salary schedules shall contain an additional longevity increment for bargaining unit members who are at the maximum of their pay grade, and have completed 20 years of service (beginning of year 21) equal to a 3.25 percent increase to be paid the first full pay period following their 20-year service anniversary. Effective July 1, 2023, the Correctional Officers and Deputy Sheriff Uniform Salary Schedules shall contain a longevity increment for bargaining unit members who are at the maximum of their pay grade and have completed 20 years of service (beginning year 21) equal to a 3.5 percent increase to be paid the first full pay period following their 20-year service anniversary.
Sample 1

Related to WAGES, SALARY, AND EMPLOYEE COMPENSATION

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • 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:

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $185,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary.

  • Accrued Compensation On any termination of the Executive’s employment with the Company Group, the Executive will be entitled to receive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to the Executive under any Company-provided plans, policies, and arrangements.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

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