Notional Salary definition

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 sixty-five percent (65%) of the Total Remuneration Package;

Notional Salary means the monthly emoluments comprising basic pay and dearness allowance payable to an employee not withstanding the actual salary drawn for that month.

Examples of Notional Salary in a sentence

• As a director of ICI you are expected to build up a personal shareholding of ICI shares equivalent to one times UK Notional Salary through the retention of shares acquired via ICI share-based plans.

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

• Your employee pension contributions will be based on your UK Notional Salary plus any pensionable bonus element.

• If the Executive is absent from work through illness or injury for a continuous period of more than 26 weeks, the Executive will be entitled to receive a monthly payment (each, a "PHI Payment") equal to 65% of his Notional Salary, less the monthly single person's long term state incapacity benefit to which the Executive is entitled at such time.

• The Company shall contribute to the Scheme at the rate required to accrue for the Executive a pension entitlement of not less than 1/30th of Notional Salary for each year of employment with the Company.

• As used in this Agreement, Notional Salary means L82,200, subject to review by the Board in January of each year.

• For pension purposes only you will have a notional UK salary (the UK Notional Salary).

• Your pensionable salary will include an amount in respect of annual bonus (up to a maximum of 15% of UK Notional Salary).

• Your current UK Notional Salary is £359,000 and, subject to the normal discretion of ICI’s Remuneration Committee, will be adjusted annually by the weighted average percentage increase applied to your salary as set out in clause 4.1 of this agreement and applied to your salary as set out in clause 4.1 of the Dutch Contract.

More Definitions of Notional Salary

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:

Notional Salary means the composite rate of the applicable Annual Base Salary in Schedule 1 and as appropriate and where applicable the following allowances prescribed under: Clause 27 Senior Medical Practitioner Allowance; clause 25 Flexible Hours Allowance; and clause 26 Professional Development Allowance. Policy means relevant RFDS WO policy or procedures as amended or replaced from time to time. RFDS WO policy and procedures referred to in this Agreement do not form part of it. Private Patient means a patient of a public hospital who elects to accept responsibility to pay for medical care and the provision of hospital services. Patients who are covered under Workers Compensation or the Motor Vehicle Insurance Trust legislation or policies are deemed to be private patients for the purposes of this Agreement.

Notional Salary means sixty-five percent (65%) of the Total Employment Cost;

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.