PRORATED SALARY Sample Clauses

PRORATED SALARY. The formula for determining the prorated salary for those PSMs who work less or more than a full year shall be as follows:
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PRORATED SALARY. Part-time employees and employees involved in a job share whose active service occurs less than the equivalent of one half the school year will be credited with one year’s experience for the purpose of calculating the employee’s salary every two years as long as the sixty days equivalent is reached in that second year. Compensation of part time and job share employees shall be prorated on the basis of the portion of a full-time assignment for which he/she is employed.
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PRORATED SALARY. Salary is prorated under two circumstances.
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PRORATED SALARY. 48 All employees (except bus drivers, substitutes, apprentices, and temporaries) who work a 49 minimum three (3) hours per day shall have their income averaged and paid in twelve (12) 1 monthly installments. Bus drivers who work a minimum of three (3) hours per day shall have 2 their income averaged and paid in eleven (11) monthly installments. During the month of 3 September, bus drivers shall be paid in the same manner as they were paid at the end of the 4 previous school year. The District shall pay the employee and the employee shall accept 5 compensation for his/her services in an annual salary (hours per year multiplied by hourly rate), 6 prorated for the term of the agreement. Should an employee not work the total number of hours 7 during a pay period (1st to last day of the month previous to the pay date) the unworked portion 8 shall be deducted from the employee's paycheck during that pay period.
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Related to PRORATED SALARY

  • Base Salary The Company shall pay to Executive a base salary (“Base Salary”) of $250,000 per year, payable in accordance with the payroll policies from time to time in effect at the Company. Executive’s Base Salary may be subject to increase (but shall not be subject to decrease) on an annual basis as the Board of Directors of the Company or any committee thereof (the “Board of Directors”) shall determine.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Overtime Compensation (a) Overtime worked shall be compensated at the following rates:

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

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