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.
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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.
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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.
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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:
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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.
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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.
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Basic Salary Package. (a) During the period that the Executive serves the Company under this ------------------------------------------------------------------------------- 6
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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.
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Related to Basic Salary Package

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Payment In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Date, the Company shall pay Executive a severance payment equal to Executive’s Monthly Base Salary multiplied by the number of months in the Covered Termination Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

  • Salary Payments Salaries shall be paid fortnightly by direct credit to the employee’s nominated bank account except that individual employees may on religious or ethical grounds apply in writing to the Secretary for Education to be paid by cheque.

  • Salary Packaging (1) For the purposes of this Agreement, salary packaging shall mean an arrangement whereby the wage or salary benefit arising under a contract of employment is reduced, with another or other benefits to the value of the replaced salary being substituted and due to the practitioner. (2) A practitioner may, by agreement with the employer, enter into a salary packaging arrangement. (3) The employer shall not unreasonably withhold agreement to salary packaging on request from a practitioner. (4) The employer shall not require a practitioner to enter into a salary packaging arrangement, provided that this clause will not impinge on any additional employer provided benefits. (5) A salary packaging arrangement shall be formulated and operate on the basis that, on balance, there shall be no material disadvantage to the practitioner concerned, and shall be cost neutral in relation to the total employment cost to the employer. (6) A salary packaging arrangement must comply with relevant taxation laws and the employer shall not be liable for additional tax, penalties or other costs payable or which may become payable by the practitioner. (7) In the event of any increase or additional payments of tax or penalties associated with the employment of the practitioner, or the provision of employer benefits under the salary packaging agreement, such tax, penalties and any other costs shall be borne by the practitioner. (8) A practitioner may elect to cancel any salary packaging arrangement by giving a minimum of four weeks notice. (9) The employer may elect to cancel any salary packaging arrangement by giving a minimum of four weeks notice if the employer incurs a liability to pay fringe benefits tax or any other tax in respect of the non-cash benefits provided, provided that the employer cannot retrospectively cancel any salary packaging arrangement. (10) Notwithstanding subclauses (8) and (9) of this clause, the employer and the Practitioner may agree to forgo the notice period. (11) The cancellation of salary packaging will not cancel or otherwise effect the operation of this Agreement. (12) For the purposes of this provision, any penalty rate, loading or other salary related allowances which would ordinarily be calculated on the basis of the salary rates expressed in Schedule 1 Full Time Annual Base Salary Rates shall continue to be so calculated despite an election to participate in any salary packaging arrangement. (13) For the purposes of this provision, statutory 9% employer superannuation contributions shall be made on the basis of pre-packaging salary rates. To avoid doubt, employer contributions shall not be reduced as a result of a practitioner participating in salary packaging pursuant to this provision. (14) The employer may at any time vary the range of benefits provided or the conditions under which benefits are provided however the employer shall not differentiate between different class of practitioners across WA Health in terms or range of benefits or the conditions under which benefits are provided. (15) If a practitioner is found to have committed misconduct in the claiming a salary packaging benefit the employer is entitled to prospectively cease to provide some or all salary packing benefits either indefinitely or for any period determined by the employer.