SALARY ON definition

SALARY ON. Y" RATING: When an employee is "Y" rated, his salary immediately prior to the date of downward reclassification is frozen and may not be increased until the maximum of the salary range assigned his new classification exceeds the salary he was earning immediately prior to establishment of the "Y" rate. The employee shall then be placed at the point in the range most closely representing an approximately five percent (5%) increase in salary and shall retain his anniversary date that was in effect immediately prior to the establishment of the "Y" rate. For purposes of this section the term "Y" rate shall mean the amount equal to the difference between the salary for the prior classification and the new classification. Sec. 510 SALARY RATE ON TRANSFER: Whenever an employee is voluntarily or involuntarily transferred or assigned to a position in a different classification having the same salary range as his former position, he shall retain his salary rate and his anniversary date.
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SALARY ON. Y" RATING: When an employee is "Y" rated, his Base Salary, immediately prior to the date of downward reclassification, is frozen and may not be increased until the maximum of the Base Salary range assigned his new classification exceeds the Base Salary he was earning immediately prior to establishment of the "Y" rate. The employee shall then be placed at the point in the range most closely representing approximately five percent (5%) increase in Base Salary and shall retain his probation hours needed and/or merit increase hours needed that were in effect immediately prior to the establishment of the "Y" rate. Sec. 410 SALARY RATE ON TRANSFER: Whenever an employee is transferred or assigned to a position in a different classification having the same salary range as his former position, he shall retain his salary rate and probation hours needed and/or merit increase hours needed. The employee shall then be placed at the point in the range most closely representing approximately five percent (5%) increase in Base Salary and shall retain his probation hours needed and/or merit increase hours needed immediately prior to the establishment of the "Y" rate. Flexible benefit allowances shall be provided in accordance with the provisions of Section 417.
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Examples of SALARY ON in a sentence

  • SALARIED EXEMPT EMPLOYEES SHALL BE PAID 1/26TH OF THEIR ANNUAL SALARY ON EACH PAY DAY.

  • Provision of nutritionally adequate and regionally acceptable breakfast menus as measured by: • Breakfast pattern and nutrient analysis (pre/midpoint/ three-day menus, with nutrient analysis attached).

  • However, where an employee’s salary prior to promotion is the same as or above the minimum salary rate of his new office, he shall be granted a salary scale on the next point/step higher than the salary prior to promotion SALARY ON REGRADING The following criteria shall be applied in the assessment of the wage/salary of a serving employee when the wage/salary range of his post is altered.

  • SALARY ON REDUCTION Where an employee permanently moves to a lower classification (for reasons other than misconduct or under-performance), their salary will be payable at the highest pay point in the salary range of the lower classification.

  • SALARY ON UNPAID LEAVE OF ABSENCE If an employee is on an unpaid leave of absence for more than 15 calendar days, even if the leave is split between two calendar months, i.e. January and February, the employee's salary anniversary date shall be postponed one full calendar month.

  • SALARY ON COMMENCEMENT OR PROMOTION Where an employee commences employment in the Department or is promoted within the Department, the employee’s salary will be at the base point in the salary range applicable to the classification of the job.

  • When the demotion is a disciplinary action, the notice shall specify the step of the salary schedule at which the employee shall be placed.12.2.9 SALARY ON RECLASSIFICATION (EDUCATION CODE 45268) A.

  • THE DEFINED CONTRIBUTION SUPPLEMENT FOR EACH DIVISION WILL BE THE EMPLOYER CONTRIBUTION AMOUNT PAID TO DEFINED CONTRIBUTION PLAN PARTICIPANT ACCOUNTS THAT WOULD HAVE OTHERWISE GONE TO THE DEFINED BENEFIT TRUSTS TO PAY DOWN THE UNFUNDED LIABILITY, PLUS ANY DEFINED BENEFIT INVESTMENT EARNINGS THEREON, EXPRESSED AS A PERCENTAGE OF SALARY ON WHICH EMPLOYER CONTRIBUTIONS HAVE BEEN MADE.

  • The Committee determined that a breach of the Code of Conduct had occurred.

  • The fortnightly salary is calculated using the following formula: Fortnightly salary = Annual salary x 12 / 313 SALARY ON ENGAGEMENT, PROMOTION OR TRANSFER When an employee commences in or is promoted within IP Australia, salary will be payable at the minimum of the pay scale applicable to the employee’s classification.

Related to SALARY ON

  • Salary as defined in Section 3.1(a).

  • Annual Salary means the salary given under this Part.

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

  • Current Annual Compensation means the greater of:

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

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

  • Basic Compensation means Salary and Benefits.

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

  • 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.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

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

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

  • 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.