Salary Component definition

Salary Component means that portion of the Total Remuneration Package which is payable as salary and allowances in accordance with paragraphs 2, 5 and 9 or as adjusted in accordance with paragraph 7;
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Salary Component means that portion of the Total Employment Cost which is payable as Salary in accordance with paragraphs 7 and 9 or as adjusted in accordance with paragraph 8;
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Salary Component means the Authority shall pay to the Concessionaire towards meeting cost of manpower as indicated in the Schedule 1 and Schedule 7 of this Agreement;
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Examples of Salary Component in a sentence

  • The amount of the Salary Component shall be reduced (but not below zero) by the amount of any benefits that Executive received pursuant to the Company’s generally applicable short term disability insurance program, if one exists.

  • The Salary Component shall be paid in equal monthly installments for the Elimination Period and the Bonus Component, if any, shall be paid at the time bonuses are paid by the Company to senior executives generally.

  • The Salary Component shall be paid in equal monthly installments for the Elimination Period and the Bonus Component, if any, shall be paid at the time bonuses are paid to senior executives generally.

  • If in any month of the Payment Period the base salary the Executive receives from New Employment is less than 1/12th of £382,000 (as a result of receiving an annual base salary of less than £382,000 from New Employment), then the Salary Component of the Monthly Instalment for that month shall be reduced by the amount of the base salary paid to the Executive from New Employment in that month but the Bonus Component of that Monthly Instalment shall be paid in full.

  • Salary - The Salary Component of your TRP is $356,258 Benefits - The benefit Component of your TRP is $218,742 (0.614 times salary).

  • Total Remuneration Cost AUD $220,000 per annum Broken down as follows: Base Salary Component (Salary) $200,000 per annum Minimum superannuation contributions as prescribed under legislation (currently 10%) up to the maximum contribution base.

  • Should the Employee become otherwise employed after the date of termination, during months seven through twelve of the Severance Pay period, the Company will pay the Base Salary Component of the Severance Pay at a rate equal to his base salary with the Company as of the date of termination minus the base salary then being received by the Employee with his subsequent employer (as determined by a pay-period by pay-period comparison).

  • Payment of the Salary Component of Severance will be made in one lump sum at the beginning of the Severance Period.

  • Upon termination of employment the Superintendent will be paid for unused vacation days at the daily rate of 1/260 of annual Base Salary Component A times the number of accrued and unused days.

  • In consideration of the Concessionaire performing its obligations in accordance with and subject to terms of the Agreement, Authority shall pay commencing from the date of Project Commissioning to the Concessionaire an amount equivalent of the Salary Component on the basis and manner outlined under Schedule 7 of this Agreement separately on quarterly basis.

Related to Salary Component

  • 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.

  • Salary range is the range of rates between, and including, the minimum and maximum rate currently authorized for the class;

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’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 Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.