Basic Monthly Pay definition

Basic Monthly Pay means the Employee's monthly salary provided for in Article 8 of this Agreement.
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Basic Monthly Pay means the employee's monthly pay provided for in Appendix I, II and III of this Agreement.
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Basic Monthly Pay means the employee's monthly pay provided for in Appendix I, II and III of this Agreement. Basic Monthly Pay includes an amount to compensate an Employee for his or her 24-hour duty allowance as provided for in Article 15 of this Agreement, his or her Preparation Pay as provided for in Article 45 of this Agreement, and his or her First Responder and First Aid Training Allowance as provided in Article 16 of this Agreement.
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Examples of Basic Monthly Pay in a sentence

  • Commencing January 1, 2012, Fire Chiefs, and Fire Captains shall receive an additional one and one-quarter percent (1.25%) of their Basic Monthly Pay as compensation for voluntary roll call.

  • Commencing January 1, 2013, Fire Fighters and Fire Equipment Operators shall also receive an additional one and one-quarter percent (1.25%) of their Basic Monthly Pay as compensation for voluntary roll call.

  • Effective January 1, 2026 Basic Monthly Pay shall be increased by 2.5% as indicated in Appendix III.

  • Effective January 1, 2025, each Employee shall receive each month an additional one percent (1.0 %) for a total of two percent (2.0%) of Basic Monthly Pay as compensation for law enforcement availability, assistance, response and crime intervention.

  • Effective January 1, 2016, each employee shall receive monthly four percent (4%) of their Basic Monthly Pay as compensation for Employer-required E.M.T. training, certification, and duties.

  • Hired After January 1, 2006: In addition to the monthly pay prescribed elsewhere in this contract any full-time and permanent Employee shall receive, an amount equal to two and one-half percent (2.5%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • In addition to the monthly pay prescribed elsewhere in this contract, any full time and permanent employee hired on or after January 1, 2006 shall receive an amount equal to two and one quarter percent (2.25%) of their Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan (HCSP), administered by the Minnesota State Retirement System, established by the Employer in the name of the employee.

  • Such additional amount of money shall be equal to four and one-half percent (4.5%) of each employee's Basic Monthly Pay.

  • Effective January 1, 2024, each Employees will receive each month an additional one percent (1.0%) of their Basic Monthly Pay to compensate Employees for such preparation periods.Effective January 1, 2025, each Employee will receive each month an additional one percent (1%) for a total of two percent (2%) of their Basic Monthly Pay to compensate Employees for preparation periods.

  • Effective January 1, 2025, each Employee shall receive each month an additional one percent (1.0%) for a total of two percent (2.0%) of Basic Monthly Pay to compensate Employees for training and proficiency in performing as a first responder.Effective January 1, 2026, each Employee shall receive each month an additional one percent (1.0%) for a total of three percent (3.0%) of Basic Monthly Pay to compensate Employee for training and proficiency in performing as a first responder.

Related to Basic Monthly Pay

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).