Basic Compensation Increases Clause Samples

Basic Compensation Increases. Basic compensation increases shall be 8% in year 1, 5% in year 2 and 5% in year 3 not compounded. The total increase is $7,680,000. The increase is applied to the salary scales according to the following tables: General practice: Current 100,000 105,000 110,000 115,000 120,000 Year 1 108,000 113,400 115,500 120,750 126,000 Year 2 113,000 118,650 124,300 129,950 135,600 Year 3 118,000 123,900 129,800 135,700 141,600 Specialists Salary Range Step 1 Step 2 Step 3 Step 4 Step 5 Current 120,000 126,000 132,000 138,000 144,000 Year 1 126,000 132,300 138,600 144,900 151,200 Year 2 135,600 142,380 149,160 155,940 162,720 Year 3 141,600 148,680 155,760 162,840 169,920 There is no order for a defined work week.
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Basic Compensation Increases. Approximately one third of physicians are salaried in Newfoundland and Labrador, compared with about 5% in most other jurisdictions in Canada. The current budget for salaried physicians is $60 million dollars which represents 30% of the total physician services budget. The terms and conditions applicable to salaried physicians were set out in the Blue Book, and in the MOU. Most salaried physicians do not have individual contracts of employment. There were no increases for salaried physicians during the period of the JMCA. During the period of the MOU, the average GP received a 31% increase and the average specialist received a 52% increase, according to Government’s calculation. As of April 1, 2002, the base compensation ranges for salaried physicians, including retention bonuses are as follows: Salary (5 step scale) Retention Bonus (3 step scale, depending on geographic location) Total General Practitioners 100,000-120,000 2,500-30,000 102,500-150,000 Specialists* 120,000-144,000 4,000-36,000 124,000-180,000 *excluding Oncologists, whose compensation structure is addressed separately. Government proposes salary increases based on equivalency with the non-weighted average of salaried physicians in New Brunswick and ▇▇▇▇▇▇ ▇▇▇▇▇▇ Island. There are a very small number of salaried physicians in Nova Scotia. Government provided further information with respect to Nova Scotia salaried physicians at the hearing which it submitted supported its position. Government proposes salary increases amounting to 15% over three years. The total increase would be $6.4 million, with $2.1 million for GPs and $4.3 million for specialists. Government agrees that salaries ought to be competitive with the Maritime provinces. Government submits that the amount it proposes would place specialists at the level of equivalency and place GPs above equivalency. The GP salaries are proposed to maintain the historical 1:1.2 ratio between GPs and specialists. There was never any historical relationship between payments to salaried and FFS physicians. Government disputes the figure presented by the NLMA of the average weekly working hours of salaried physicians. Government proposes that retention bonuses be considered when calculating salary increases. The proposal by Government for salaries is as follows: Year 1 Salary Retention Bonus Total General Practitioners 105,000-126,000 2,500-30,000 107,500-156,000 Specialists 126,000-151,200 4,000-36,000 130,000-187,200 Year 2 Salary Retention Bon...
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Related to Basic Compensation Increases

  • 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.

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.