Basic monthly salary definition

Basic monthly salary means all remuneration payable monthly to a foreign employee that does not vary from month to month on any basis in respect of work done under his contract of service. However, basic monthly salary does not include —
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Basic monthly salary means Participant’s monthly rate of earning from his or her Employer in effect as of September 1st immediately prior to the first day of entitlement to long term disability benefits, not including bonuses, commissions, overtime pay, and extra compensation. Basic Monthly Salary is calculated as 1/12 of the Basic Annual Salary.
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Basic monthly salary means all remuneration payable monthly to a foreign employee that does not vary from month to month on any19b/a0si9s/2in013 13:31
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Examples of Basic monthly salary in a sentence

  • Basic monthly salary plus mandated cost of living allowance (COLA).

  • Basic monthly salary shall refer to compensation for services in whatever form paid, including but not limited to fees, salaries, wages, and similar items received in a month.

  • Compensation - Overtime Overtime work with prior approval of immediate supervisor is subject to overtime pay based on the following formula :- Overtime pay per hour = Basic monthly salary / 8 hours / 30 days x 1.5 Minimum overtime work being 30 minutes.

  • Some respondents offered more than one answer, which are all included in Figure 10.

  • Basic monthly salary and benefits, form of payment and currency used.

  • Basic monthly salary as at 1 January 2007: grade AD5, first step: EUR 4 012,00.

  • Basic monthly salary (excluding any bonuses, but including commission) of surveyed companies as at 1 September 2016 was recorded and predicted adjustment of basic monthly salary in 2017 was captured.

  • Amount to be paid = Basic monthly salary * (Percentage of the Indicators Evaluation * 2) – 100%).− Minimum performance: 80% equals 60% of bonus.− Maximum performance: 100% equals 100% of bonus.

  • City Minimum education requirementPercent of qualified applicants accepted to the academy Percent of police with a high school degree or greater Duration of cadet training (months) Basic monthly salary (pesos)AhomeHigh School54.00%55.15%12$6,269ChihuahuaHigh School15.67%47.07%10$8,745 CuernavacaHigh School for traffic police .

  • Basic monthly salary, fixed allowances, any costs of allowances, medical allowances, travelling and daily allowances.


More Definitions of Basic monthly salary

Basic monthly salary means an Employee’s regular monthly salary including any retroactive pay adjustments, but does not include overtime or any other special payments.
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Basic monthly salary means that amount of money payable monthly to an employee for his services to the Company excluding annual wage supplement and/or ex-gratia payment, overtime payment, shift and other allowances and/or reimbursement payments and other payments;
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Related to Basic monthly salary

  • Final average salary means whichever of the following is greater:

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

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.