Annual wages definition

Annual wages is defined as total wages paid since the last payment of vacation pay. Vacation accrual – After the first year of service, vacation entitlements shall be determined on the basis of an employee's service accrued as of the employee's anniversary date. Increases in vacation pay and entitlement shall be effective on the employees anniversary date.
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Annual wages means, in relation to an employee at a particular time, the amount determined by the Board as the amount of wages or salary payable at that time on an annual basis to that employee, having regard to his ordinary remuneration but disregarding amounts payable in respect of overtime;
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Annual wages means, in relation to a person, the amount determined by the Board as the wages or salary payable in a year to that person, having regard to his ordinary remuneration, excluding amounts payable in respect of overtime;
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Examples of Annual wages in a sentence

  • If an absence pursuant to General Municipal Law Section 207-C extends beyond the first year the unit member will receive the following benefits: Annual wages and longevity (Sections 8.1.1 and 8.1.2) Medical/hospitalization (Section 11.1) - the coverage that the unit member had (family or individual) as of the date the 207-C leave commenced shall be continued on the same terms as it is provided to active unit members.

  • Annual wages as used in this section is defined as the annual wages amount on the employee’s wages schedule including the career longevity increment.

  • During the first year (365 days) of absence pursuant to General Municipal Law 207-C the unit member will receive the following benefits: Uniform Allowance (Section 13.1) Paid holidays (Section 9.1) Vacation accruals (Section 9.2) Annual wages and longevity (Sections 8.1.1 and 8.1.2) Medical/hospitalization (Section 11.1) - the coverage that the unit member had (family or individual) as of the date the 207-C leave commenced shall be continued on the same terms as it is provided to active unit members.

  • Annual wages will be increased for all employees according to the following pay schedule: Reopener Language Should, during the life of this contract, any City or School unit reach voluntary agreement with the City for a general across the board base wage increase greater in percentage than that provided to this Union, then the City and the Union agree to reopen the contract for the limited purpose of discussing base wages.

  • Annual wages for each employee shall be calculated for each contract year (July 1-June 30) based on the hourly wage rates set forth in the Collective Bargaining Agreement.

  • The Lenders consent to the Borrower's sale of its equity interest in its OCM Direct, Inc.

  • Bi-Weekly and Annual wages may be approximate and are only for informational purposes.

  • Annual wages are based on a two thousand eight (2,080) hours per year schedule.

  • Annual wages effective July 1, 2015 through June 30, 2018 and the classifications covered by this Agreement are set forth in Wage Schedules attached hereto.

  • Wages shall be effective upon May 1st of each year, based upon the following schedules: $55,833 $59,134 $62,420 $65,707 $68,994 $72,301 $75,587 $78,873 $26.84 $28.43 $30.01 $31.59 $33.17 $34.76 $36.34 $37.92 $56,950 $60,308 $63,665 $67,023 $70,381 $73,739 $77,098 $80,541 $27.38 $28.99 $30.61 $32.22 $33.84 $35.45 $37.07 $38.68 $58,659 $62,108 $65,579 $69,028 $72,499 $75,948 $79,412 $82,868 $28.20 $29.86 $31.53 $33.19 $34.86 $36.51 $38.18 $39.84 Annual wages are for illustrative purposes only.