All Inclusive Annual Salary definition

All Inclusive Annual Salary means the annual rate provided to the Employee in recognition and compensation for the following provisions: • ordinary rate of pay • overtime penalties (for hours worked in excess of 38 hours per week or 7.6 hours per day) • Annual Leave Loading • weekend penalties (Saturdays and Sundays) • meal allowances • any allowances (as defined in any relevant Award identified as a Protected matter) • any other penalty rates as prescribed that would normally be incurred over a twelve (12) month period. No additional payments shall be made in recognition of the aforementioned provisions.
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All Inclusive Annual Salary means the annual salary provided to the Employee in recognition and compensation for the following provisions: • ordinary rate of pay • overtime penalties (for hours worked in excess of 38 hours per week or 7.6 hours per day) • weekend penalties (Saturdays and Sundays) • meal allowances • Annual Leave Loading (17.5%) • Public Holidays (except for defined public holidays) • any allowances (as defined in any relevant Award identified as a Protected matter) • any other penalty rates as prescribed that would normally be incurred over a twelve (12) month period. No additional payments shall be made in recognition of the aforementioned provisions.
Sample 1
All Inclusive Annual Salary means the annual salary provided to the Employee in recognition and compensation for the following provisions: • ordinary rate of pay • overtime penalties (for hours worked in excess of 38 hours per week or 7.6 hours per day) • weekend penalties (Saturdays and Sundays) • annual leave loading (17.5%) • public holidays as gazetted • meal allowances • any allowances (as defined in any relevant Award identified as a Protected matter) • any other penalty rates as prescribed that would normally be incurred over a twelve (12) month period. No additional payments shall be made in recognition of the aforementioned provisions.
Sample 1

Examples of All Inclusive Annual Salary in a sentence

  • Employees appointed in accordance with Appendix 1 are deemed salaried employees and paid an All Inclusive Annual Salary as defined and as such have no entitlement to claim additional monies in the form of wages and/or salaries for any working hours and/or conditions of employment unless otherwise defined in Appendix 1 and/or in their common law contract of employment with the employer.

  • The employees All Inclusive Rate of Pay or All Inclusive Annual Salary is inclusive of annual leave loading therefore no additional amounts will be paid.


More Definitions of All Inclusive Annual Salary

All Inclusive Annual Salary means the annual salary provided to the Employee in accordance with clause 3.9 in recognition and compensation for the following provisions: • ordinary rate of pay • overtime penalties (for hours worked in excess of 38 hours per week or 7.6 hours per day) • weekend penalties (Saturdays and Sundays) • meal allowances • Annual Leave Loading (17.5%) • Public Holidays (except for defined public holidays) • any allowances (as defined in any relevant Award identified as a Protected matter) • any other penalty rates as prescribed that would normally be incurred over a twelve (12) month period. No additional payments shall be made in recognition of the aforementioned provisions.
Sample 1

Related to All Inclusive Annual Salary

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Average annual payroll means the average of the annual

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Annual Salary means the salary given under this Part.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Pro Rata Bonus means an amount equal to the Bonus Amount multiplied by a fraction the numerator of which is the number of days in the fiscal year through the Termination Date and the denominator of which is 365.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Semi-Annual Record Date means the "Record Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.