Basic earnings Sample Clauses

Basic earnings. The amount of money earned by an employee at the basic hourly rate (exclusive of overtime, premiums, differentials, lump sum payments, variable payments, performance bonus and any incentive or like payments to which an employee is entitled).
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Basic earnings. For a commissioned salesperson: during the initial year of Employment, base salary plus quota as the Employer at the date of hire. during the second year of Employment, base salary plus actual commissions earned during the most recent month fiscal period. during subsequent years, base salary plus average annual commissions on most recent fiscal years commissions earned. For any other Employee, the salary or wage from the Employer, excluding any bonus, commission, overtime or incentive pay. Illness bodily injury, disease, mental infirmity, Pregnancy or sickness. Hospital - an institution designated as such by law for the care and treatment of sick and injured persons, primarily in the acute phase of Illness, which has organized facilities for diagnostic treatment and major surgery and which provides hour nursing services. Page Class It does not include a nursing home, rest home, home for the aged, a convalescent hospital or a place for the care and treatment of drug addicts or alcoholics. Convalescent Hospital an institution designated as such by law for the convalescent care and treatment, on an in-patient basis, of sick and injured persons, which is entitled to a per diem allowance under the hospital plan of the province where it is located. It does not include a nursing home, rest home, home for the aged, or a place for the care and treatment of drug addicts or alcoholics. Totally Disabled For the Weekly Indemnity Insurance You are Totally Disabled if you are prevented by Illness from performing the duties of your own occupation and do not engage in any occupation or employment for wage or profit. For other benefits You are Totally Disabled if you are in a state of incapacity due to Illness which while it continues during the Elimination Period and the following months, prevents you from performing the essential duties of your own occupation at the onset of disability, and while it continues after such prevents you from earning at least of your Earnings at the beginning of your Elimination Period. A Dependent is Totally Disabled if he is prevented by Illness from performing his normal duties. Deemed Date of Retirement If you become Totally Disabled, your date of retirement is deemed to be on your 65th birthday unless you actually retire earlier. Waiting Period months of continuous Employment. Page Class

Related to Basic earnings

  • Deferred Earnings The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part LXVIII of the Income Tax Regulations, Section 6801.

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).

  • Basic Benefit Effective January 1, 2008, the basic life insurance benefit will be increased from $15,000 to $18,000 for employees. This shall be the default level of life insurance coverage, which shall be provided at no cost to the employee.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 . This contribution does not exceed the maximum permitted amount for the year of contribution as described in the Xxxx XXX Disclosure Statement. If no tax year is indicated, contribution will automatically apply to current year.

  • Vacation Earnings for Partial Years (a) (1) During the first partial year of service a new employee will earn vacation at the rate of one and one-quarter (1¼) days for each month for which he/she earns ten (10) days' pay.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Basic Salaries The basic salaries of employees covered by this Agreement are set forth in Appendix A which is attached to, and incorporated in this Agreement. These salaries shall remain in effect from July 1 through June 30.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

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