Annualised Salary definition
Annualised Salary means an all inclusive annualised amount to compensate a salaried Employee for all hours worked under all circumstances to complete the work on hand. The annualised amount is divided by 52 to calculate the weekly pay for a salaried Employee or by 1976 to calculate the hourly pay for a salaried Employee.
Annualised Salary means annual salary plus an amount equal to the annual leave loading (as defined in the Award) applicable to four weeks annual leave. 'Award' shall mean South Australian Municipal Salaried Officers Award. ‘City Manager’ means the Chief Executive Officer of the Port Augusta City Council. ‘Consensus’ means that all members of the Enterprise Bargaining Committee are in agreement. 'Consultation' is the sharing of information and the exchange of views between the parties and includes the genuine opportunity for employees to contribute effectively to all decision-making processes which may affect them. The objective of consultation is reaching agreed outcomes. ‘Council’ shall mean the Port Augusta City Council. ‘Employer’ shall mean the Port Augusta City Council. ‘Employee’ means all employees employed pursuant to the South Australian Municipal Salaried Officers Award. ‘Funding by external sources’ means funding received from bodies outside the Council and includes grants and subsidies, donations and ex-gratia receipts. ‘Organisation’ means the Port Augusta City Council. ‘Parties’ means the Port Augusta City Council and the Amalgamated ASU (SA) State Union. ‘Rostered Staff’ means staff who may be rostered at any time over a rotating seven (7) day period. ‘Specific purpose grants’ means grants or subsidies provided for the purpose of subsidising a specific program or function. ‘Salary’ means annual salary paid immediately prior to the signing of the Agreement and does not include any amounts negotiated as part of an overtime package such as superannuation and use of vehicle. 'Union' shall mean the Amalgamated ASU (SA) State Union. 'Workplace Representative' shall mean an ASU member or members elected by the membership from the membership appointed under the rules of the Union, whose role is to effectively represent the interests of members at the workplace. CLAUSE 4 ENTERPRISE BARGAINING COMMITTEE 4.1 The parties agree that the consultative structure for negotiating, reviewing and monitoring Enterprise Agreements and resolving concerns and/or disputes arising from the operation of the Enterprise Bargaining process is the Enterprise Bargaining Committee.
Annualised Salary means the basic weekly salary multiplied by 52.1667.
Examples of Annualised Salary in a sentence
Payment for Personal/ ▇▇▇▇▇’s leave will be made as a part of the Employee’s normal pay and paid at the Employee’s Total Annualised Salary Rate as provided in clause 11.4 of this Agreement.
An Employee will be paid the greater of the Employee’s Total Annualised Salary for the period under clause 11.4 of this Agreement or the Base Salary rate provided in clause 11.1 plus a loading of 20%.
The Total Annualised Salary is the sum of the Base Salary, the Roster Allowance and the Site Allowance.
Payment for a period of long service leave will be at the Total Annualised Salary rate and made as a part of the Employee’s normal pay.
One fifty-second of the Total Annualised Salary plus any payments for hours worked outside rostered hours in the previous week will be paid to each Employee on a weekly basis and distributed by electronic funds transfer into a maximum of three bank accounts as nominated by the Employee.
More Definitions of Annualised Salary
Annualised Salary means the annual rate of pay which an Employee receives in a year and is intended to compensate the Employee for all loadings, allowances and penalty amounts which the Employee would have otherwise been entitled to under the terms of this Agreement.
Annualised Salary means a salary set by contract as incorporating remuneration for reasonable additional hours, penalties and loadings.
Annualised Salary means the salary arrangement where an employee elects to receive an averaged pay over the 26 fortnights in a year. Under this arrangement, the total annual hours of work and the total annual leave accrual are averaged over 52 weeks so the employee will receive regular payment each fortnight during a 12- month period. Where no work is scheduled (the non-attendance period) the employee will still receive the annualised salary but will not be required to attend work. Under this salary arrangement, the employee’s fortnightly salary is based on the following equation:
Annualised Salary means the total of the Employees Base Salary and Work Pattern Allowance.
Annualised Salary. Means the annual salaries set down in Part 2 of Schedule B for a permanent full time Employee, calculated by the applicable permanent hourly rate x 38 x 52 x 25%. ‘Base Rate of Pay’ Means the applicable minimum hourly rates set out in Schedule A for casual Employees and the minimum hourly rates for permanent Employees in Schedule B. ‘Continuous Service’ Has the meaning prescribed in section 22 of the Act.
Annualised Salary means the salary arrangement where an employee elects to receive an averaged pay over the 26 fortnights in a year. Under this arrangement, the total annual hours of work and the total annual leave accrual are averaged over 52 weeks so the employee will receive regular payment each fortnight during a 12- month period. Where no work is scheduled (the non-attendance period) the employee will still receive the annualised salary but will not be required to attend work.
Annualised Salary means the total amount payable to an Employee based on their assigned role.