Basic Salary Package Clause Samples
The Basic Salary Package clause defines the fundamental components of an employee’s regular compensation. It typically outlines the base salary amount, the frequency of payment (such as monthly or biweekly), and may specify any standard deductions or inclusions like statutory benefits. By clearly stating the terms of the basic salary, this clause ensures both employer and employee have a mutual understanding of the core pay structure, reducing the risk of disputes over compensation and providing a transparent foundation for the employment relationship.
Basic Salary Package. 1. No across-the-board increments to base salary in 2020-2021.
2. No merit adjustments to base salary in 2020-2021.
3. No equity adjustments to base salary in 2020-2021.
4. Order of Distribution: The distribution will be made in the following order:
a. Members of the bargaining unit who are promoted in rank will receive the promotion bonus described in B above.
b. After application of the promotion bonus provisions, any faculty member whose salary is below the minimum for their rank will have their salary increased to the minimum of their rank as indicated in A above.
Basic Salary Package. The Consumer Price Index referenced in the following section refers to the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, All Items, Not Seasonally Adjusted, Base Period: 1982-84 =100. 2015-16 The entire salary package will be distributed across-the-board (ATB). Bargaining unit members employed by the University on February 15, 2015 and still employed on September 1, 2015 will receive an increment equal to 2.4% of base pay, effective September 1, 2015.
Basic Salary Package. The Consumer Price Index referenced in the following section refers to the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, All Items, Not Seasonally Adjusted, Base Period: 1982-84 =100. 2012-13 The entire salary package will be distributed across-the-board (ATB). Bargaining unit members employed by the University on February 15, 2012 and still employed on September 1, 2012 will receive an increment equal to 3.25% of base pay, effective September 1, 2012. 2013-14 For AY 2013-14, bargaining unit members employed by the University on February 15, 2013 and still employed on September 1, 2013 will receive an ATB increase in their base salary of 3.0% effective September 1, 2013.
Basic Salary Package. The Consumer Price Index referenced in the following section refers to the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, All Items, Not Seasonally Adjusted, Base Period: 1982-84 =100. 2015-16 The entire salary package will be distributed across-the-board (ATB). Bargaining unit members employed by the University on February 15, 2015 and still employed on September 1, 2015 will receive an increment equal to 2.4% of base pay, effective September 1, 2015. 2016-17 The entire salary package will be distributed ATB. Bargaining unit members employed by the University on February 15, 2016 and still employed on September 1, 2016 will receive an increment equal to 2.5% of base pay, effective September 1, 2016. 2017-18 Any raises under this Section will be effective September 1, 2017. The increases in faculty base salaries will be as follows:
Basic Salary Package. The Consumer Price Index referenced in the following section refers to the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, All Items, Not Seasonally Adjusted, Base Period: 1982-84 =100.
1. 2009-2010 - The entire salary package will be distributed across-the-board. Each continuing member of the bargaining unit will receive an increment equal to 2.75% of base pay.
2. 2010-2011 – Each continuing member of the bargaining unit will receive an increment equal to the percentage change in the CPI-U, plus one-half of one percent, with a floor of 2.5% and a ceiling of 4.5%; the percentage change in the CPI-U is measured from December 2008 to December 2009.
3. 2011-2012 - Each continuing member of the bargaining unit will receive an increment equal to the percentage change in the CPI-U, plus one-half of one percent, with a floor of 2.5% and a ceiling of 5.0%; the percentage change in the CPI-U is measured from December 2009 to December 2010.
Basic Salary Package. (a) During the period that the Executive serves the Company under this Agreement, the Company must pay the Executive a basic salary package, determined under this clause, the salary component of which is payable fortnightly in arrears by direct deposit into a bank account nominated by the Executive, or as otherwise agreed between the parties.
(b) At the sole discretion of the Executive as to the nature and amount of each component, payment by the Company of the basic salary package may be by way of salary, additional superannuation contributions, life insurance, health and incapacity insurance, income protection insurance or such other components as may otherwise be agreed between the parties. Any fringe benefits tax payable under the Fringe Benefits Tax Assessment Act ▇▇▇▇ (▇▇h) in respect of the nature of each component will be included in the calculation of the basic salary package.
Basic Salary Package. (a) During the period that the Executive serves the Company under this ------------------------------------------------------------------------------- 6
Basic Salary Package. 2022-23 The entire salary package will be distributed across-the-board (ATB). Bargaining unit members employed by the University on February 15, 2022 and still employed on September 1, 2022 will receive an ATB increment equal to 4% of base pay, effective September 1, 2022.