Salary threshold definition

Salary threshold means the amount of Delaware sourced compensation paid to a common law employee, rounded to the nearest $100, calculated by multiplying $100,000 times the inflation adjustment factor.

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Salary threshold means a threshold of £40,000 per annum as at 1 April 2022 to be applied on a monthly basis as determined by the trustee company in respect of any member in relation to whom a monthly rate of salary can be determined. The annual rate of the threshold is to be used in respect of a VTE, unless the VTE has a concurrent

Salary threshold means a threshold of £55,000 per annum as at the effective date, to be applied on a monthly basis as determined by the trustee company in respect of any member in relation to whom a monthly rate of salary can be determined. The annual rate of the threshold is to be used in respect of a VTE, unless the VTE has a concurrent regular eligible employment which has an annual rate of salary which is in excess of the annual amount of the salary threshold. The salary threshold shall be revalued each benefit year commencing on 1 April after the effective date until 31 March 20254, or (if earlier) the implementation date of any change concluded by a review by the JNC of the amount of the salary threshold, as if the salary threshold were an official pension within the meaning of Part 1 of the Increase Act which began on 1 April in the previous benefit year and within the scope of the direction which takes effect under that Part in the subsequent year, provided that the increase in any of those subsequent benefit years shall be restricted to that which would be applied if the percentage specified in the relevant direction had been limited to the increases cap. For the avoidance of doubt, the revaluation applied on 1 April 2017 shall be a full year's revaluation in respect of the year from 1 April 2016 to 31 March 2017, notwithstanding that the effective date occurs after 1 April 2016.

Examples of Salary threshold in a sentence

For those employees who meet one of the duties tests under the FLSA that exempt them from overtime eligibility, but do the not meet the revised Salary threshold, the parties agree to adjust the salary of certain affected employees to the new salary threshold ($47,476) in order to maintain the exempt status.
For calendar year 2007, you will have an IC award opportunity with a target of 30% of Base Salary (threshold of 15%; stretch of 60%).
The Executive's target Annual Bonus will be 40% of Executive's Base Salary (threshold of 30% maximum of 60%) then in effect for each subsequent Fiscal Year.
For calendar year 2006, you will have an IC award opportunity with a target of 50% of Base Salary (threshold of 25%; stretch of 100%).
For calendar year 2005, you will have an incentive compensation ("IC") award opportunity with a target of 70% of Base Salary (threshold of 35%; stretch of 140%).
For January 1, 2008 through June 5, 2008, you will have an IC award opportunity with a target of 30% of Base Salary (threshold of 15%; stretch of 60%), prorated for the period January 1 to June 5, 2008.

More Definitions of Salary threshold

Salary threshold means the amount $112,200 of Delaware sourced compensation paid to a common law employee , rounded to the nearest $100, calculated by multiplying $100,000 times the inflation adjustment factor . The level of the applicable threshold in this subsection is subject to annual adjustment as more fully set forth in § 515 of this title.

Related to Salary threshold

Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.
Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).
Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.
Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.
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.