Weekly Salary definition

Weekly Salary means bi-weekly salary divided by two (2);

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Weekly Salary means the Base Salary divided by fifty-two. "Monthly Salary" shall mean Base Salary divided by 12.

Weekly Salary means with regard to a Participant, the weekly rate of pay for services paid by the Employer to the Participant at the time of his or her Termination of Employment from the Employer, as reflected in the Employer’s payroll records. The Weekly Salary of a Participant whose rate of pay for services paid by the Employer to the Participant is based on an annual rate shall be equal to 1/52 of such annual rate at the time of his or her Termination of Employment from the Employer, as reflected in the Employer’s payroll records. Weekly Salary shall not include commissions, bonuses, overtime pay, incentive compensation, benefits paid under any qualified plan, any group medical, dental or other welfare benefit plan, non-cash compensation or any other additional compensation but, shall include any salary reduction contributions to a plan maintained pursuant to Code Section 401(k), 125 or 132(f) and amounts reduced pursuant to a nonqualified elective deferred compensation arrangement, if any, to the extent that in each such case the reduction is to base salary.

Examples of Weekly Salary in a sentence

• Part-time employees who elect not to participate in the group insurance plan are not eligible for Life Insurance or Weekly Salary Indemnity Coverage.

• Overtime for each hour in excess of 55 will be paid at 1/25th of Weekly Salary per hour or part thereof.

• Effective January 8, 2017, employees who have been at Step 12 for 52 weeks of creditable service or more shall advance to Step 13 of the January 8, 2017 Schedule of Bi- Weekly Salary Rates shown in Appendix A-2 in accordance with the provisions of Section 12.4A.

• The Weekly Salary and any benefits to which EMPLOYEE is entitled under this Agreement shall be paid on a W-2 basis and shall be subject to all required withholdings and statutory deductions.

• A = Australian Bureau of Statistics male average weekly total earnings (original) figure published in May of the year before the January calculation; and Weekly Salary = the weekly salary received as at 1 January in the year the leave accrues.

• Any Performances and/or Dress and Technical Rehearsals in excess of eight (8) shall be paid for at the prevailing rate in addition to the Basic Weekly Salary.

• For any purpose for which a standard hourly rate may be required there shall be established for each Standard Weekly Salary rate a corresponding equivalent standard hourly salary rate by dividing the Standard Weekly Salary rate by 37.5 hours.

• It is understood that an employee who receives less income while working outside the Company than the employee’s employment security salary will have such income topped off to equal 90% of their Basic Weekly Salary.

• The Grocery Manager’s and Customer Service Manager’s salary shall be: Effective: Current 05/09/16 11/06/17 11/05/18 Weekly Salary 923.00 923.00 932.00 945.00 Sunday 270.00 270.00 273.00 276.50 Sunday (½ day) 135.00 135.00 136.50 138.25 CHANGE from September 26th rejected proposal.

• Annual Salary Weekly Salary Lieutenant 62,347.52 1,198.99 Firefighters: Step 1 upon appointment 39,649.62 762.49 Step 2 additional 12 mos.

More Definitions of Weekly Salary

Weekly Salary means annual salary divided by fifty two (52);

Weekly Salary means the Participant’s Annual Salary divided by fifty-two (52).

Weekly Salary means the amount equal to the Annual Base Salary divided by 52.

Weekly Salary means the average of the gross annual salary for the two (2) years immediately preceding the year in which the Total Disability occurred divided by one-hundred-four (104).

Weekly Salary means your Salary divided by 52.1428. 121. ‘Hourly Rate’ and ‘Weekly Rate’ have the following meanings depending on whether you are being paid: