Minimum Annual Salary definition

Minimum Annual Salary means the minimum salary that must be included in a Player Contract that covers the entire Regular Season in accordance with Article V, Section 7.
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Minimum Annual Salary as used in this Agreement shall include all increases granted by the Board.
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Minimum Annual Salary means that compensation described in Section 6.1.
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Examples of Minimum Annual Salary in a sentence

  • STEP 2: If the result in Step 1 is a positive number, multiply the result in Step 1 by the Rookie Minimum Annual Salary.

  • On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) entered into on or after the effective date of this Agreement that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale.

  • For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto.

  • For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year.

  • Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract.

  • The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract.

  • Minimum Annual Salary shall be at an annual rate of $170,000 payable semi-monthly and continuing until termination of Executive's employment.

  • The Minimum Annual Salary Scale applicable to a player’s Contract is determined by the Salary Cap Year encompassing the first Season covered by the Contract.

  • The Employee shall be paid an annual base salary in an amount no less than Three Hundred Thousand Dollars ($300,000) for each year that he remains an employee of the Company (the Employee's "Minimum Annual Salary").

  • Minimum Annual Salary shall be at an annual rate of $222,500.00 payable semi-monthly beginning April 1, 2005 and continuing until termination of Executive’s employment.


More Definitions of Minimum Annual Salary

Minimum Annual Salary means the salary as provided for in clause 8 - Instructor’s Minimum Annual Salary for Delivery of Educational and Training Support Services, and clause 9 - Annual Review of Instructor’s Minimum Annual Salary, of this Enterprise Agreement.
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Related to Minimum 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, 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.

  • Annual Salary means the salary given under this Part.

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

  • 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.

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