Notional Salary definition

Notional Salary means sixty-five percent (65%) of the Total Remuneration Package;
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Notional Salary means the rates of emoluments which a teacher would have received from time to time if he had continued to be employed in the post which he held immediately before the date of reorganisation and if the reduction in his emoluments had not taken place.
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Notional Salary means in respect of a Salary Sacrifice Member the salary, pay or earnings which a Salary Sacrifice Member would have received if he had not sacrificed salary under a recognised salary sacrifice arrangement in return for the Principal Employer or any of the Participating Employers agreeing that he will be a Salary Sacrifice Member and to pay Salary Sacrifice Contributions for him.
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Examples of Notional Salary in a sentence

  • You will be able to participate in the car scheme providing your post sacrifice pay is not reduced below the National Minimum Wage or the Lower Earnings Limit and your salary conversion is not more than 20% of your Notional Salary.

  • Aston University will allow you to convert up to 20% of your Notional Salary.

  • For CES/SES officers the salary level is the notional salary of the total remuneration package, in accordance with the Department of Premier and Cabinet’s Circular C2020-13 Notional Salary 2019-20 (or its replacement Circular).

  • For Public Service senior executives, the flat rate 2.7% is to be applied to the notional salary of the Public Service senior executives’ total remuneration package as defined in the Department of Premier and Cabinet’s Circular C2020-13 Notional Salary 2019-20 (or its replacement Circular).

  • IDS will quote your Notional Salary (your basic annual salary before your Salary Exchange contribution).

  • Such payments will be based on your Notional Salary (see Useful Terms).

  • The allowance to be paid shall be based on the Notional Salary component of the salary paid on a base level Commander’s package.

  • No, we will confirm the amount of your Notional Salary which is your income before any adjustment under PensionFlex or for childcare vouchers.

  • The rates are the following percentage of salaries:Nil to less than five years:0%Five to ten years:3.84%Over ten years:4.11%For CES/SES officers, the appropriate rate is to be applied to the notional salary of the SES total remuneration package as defined in the Public Service Commission Circular PSCC 2013-07 Senior Executive Service – Notional Salary 2013-2014 (or its replacement Circular).

  • The Ombudsman may elect to be paid in cash (Net of tax) a maximum of two (2) weeks unused recreation leave at The Ombudsman’s Notional Salary rate at the end of each Employment Year.


More Definitions of Notional Salary

Notional Salary means Salary on the basis that the person was working normally and receiving remuneration likely to have been paid for so doing as decided by the Employer from time to time, provided that it has been possible for the Trustee to insure benefits based on Notional Salary. If the Trustee has not been able to effect insurance, the provisions of FS Rule 9.3 shall apply.
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Notional Salary means sixty-five percent (65%) of the Total Employment Cost;
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Notional Salary means the composite rate of the applicable Annual Base Salary in Schedule A and as appropriate and where applicable the following allowances prescribed under:
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Related to Notional Salary

  • Final Salary means the average annual salary for service for which

  • Annual Salary means the salary given under this Part.

  • 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.

  • Salary as defined in Section 3.1(a).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

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

  • Average final compensation means the average annual creditable compensation of a member during

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • 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.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Annual Compensation means an amount equal to the greater of:

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