New salary range maximums for represented positions shall be set at the median maximum of all identified survey cities reporting comparable positions.
Salary range is the range of rates between, and including, the minimum and maximum rate currently authorized for the class;
Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.
Base Salary shall have the meaning set forth in Section 3(a) hereof.
Annual Base Salary shall have the meaning set forth in Section 3(a).
Final Salary means the average annual salary for service for which
Salary as defined in Section 3.1(a).
Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).
Basic Compensation means Salary and Benefits.
Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.
Number of Employees enter the total number of Employees in the employment category employed to provide services under the Contract during the report period, including part time Employees and Employees of subcontractors.