salary group definition

salary group is used in this Agreement it or job classifications grouped together for pay purposes set out It is understood that recognition of industry experience, the increases in salary, and the provisions of benefits are matters for the sole discretion of the Notwithstanding Articles the apply respect employees in the employ of the Employer at date of Agreement: The first anniversary date of employees the employ of the at the date of ratification or upon their to work for progression up the salary scale, shall be in employee has a changeofjob being assigned to a The first anniversary of newly hired to the of ratification shall be one (1) year date Progression up the salary scale within each salary group shall automatically occur on the first day of the month following the employee's anniversary date of employment within their job classification.
salary group means a division into which a job in the Bank is assigned by reason of the size of the job;

Related to salary group

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Vacation Year means the twelve (12) month period commencing on the first day of April in each calendar year and concluding on the last day of March of the following calendar year.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.