Salary differential definition

Salary differential means the difference between:
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Salary differential means the difference between: (1) the person’s monthly total gross earnings as an active state employee, excluding any overtime pay received but including all other earnings, averaged over the last three full months of the person’s active state employment prior to reporting to active service, and including any additional salary or earnings adjustments that the person would have received at any time during the
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Salary differential means an amount equal to the difference between (v) the Base Salary that Executive would have received had he been paid at the Original Base Salary rate during the Make Whole Period (as defined below) and (w) the Base Salary that he actually received during the Make Whole Period (i.e. using the New Base Salary rate). The “Bonus Differential” shall mean an amount equal to difference between (x) the Annual Bonus that he would have received during the Make Whole Period had he been paid an Annual Bonus calculated using the Original Target Annual Bonus and the Original Base Salary rate and (y) the Annual Bonus that he actually received during the Make Whole Period (i.
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Examples of Salary differential in a sentence

  • Salary differential is available for military service on or after May 29, 2003.

  • Salary differential and 24 longevity, for which the unit member is eligible, shall then be added, for all hours 25 worked in the higher classification.

  • Salary differential and 29 longevity, for which the unit member is eligible, shall then be added, for all hours 30 worked in the higher classification.

Related to Salary differential

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

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

  • 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.

  • 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.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.