Annual Pay Sample Clauses

The 'Annual Pay' clause defines the total amount of compensation an employee will receive over the course of a year. It typically specifies whether the pay is distributed in equal installments, such as monthly or biweekly, and may clarify if the amount includes bonuses, commissions, or other forms of remuneration. This clause ensures both parties have a clear understanding of the employee's yearly earnings, reducing the risk of disputes over salary expectations and payment schedules.
Annual Pay. The base annual pay for employee will be $120,000, and will be reviewed on an annual basis on July 1 of each calendar year.
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Annual Pay. Equity Review and Diversity To guard against unlawful discriminatory treatment based on gender, race, ethnicity, or other protected status, Kickstarter shall conduct an annual pay equity review in the first quarter of each year of all employee base salaries post- adjustment based on available demographic information to understand and study any pay disparities across different demographic dimensions. No salaries shall be reduced as a result of this annual pay equity review, and any necessary salary adjustments shall be made retroactive to January 1.
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Annual Pay. The EMPLOYER will continue the open salary ranges for Corporation Graded (CG) and Prevailing Rate (Wage) pay plans. Effective the first Pay Period of each year, the EMPLOYER will adjust the open range salary structures of CG and Wage pay plans as follows.
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Annual Pay 
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Related to Annual Pay

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Bilingual Pay Where the Employer currently pays bilingual pay or bonuses, it shall continue to do so. The Employer retains discretion to initiate bilingual pay or bonuses. The minimum bilingual bonus or hourly equivalent is $25 per pay period. The Employer may not require an employee to use bilingual skills without paying the appropriate bonus or pay. This does not apply to employees where such skills are in the classification specification.

  • Final Pay On the Termination Date, the Company will pay You $__________, less all applicable withholdings. This amount represents all of Your salary earned through the Termination Date and all of Your accrued but unused vacation time or PTO. You acknowledge that, prior to the execution of this Agreement, and other than as set forth in Attachment A to Your Offer Letter, You are not entitled to receive any additional money from the Company, and that the only payments that You are entitled to receive from the Company in the future are those specified in this Agreement and Attachment A.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.