Compensation for Full Clause Samples
The 'Compensation for Full' clause establishes the obligation for one party to provide complete payment or remuneration to the other party under specified circumstances. Typically, this clause outlines the conditions under which full compensation is due, such as upon completion of services, delivery of goods, or fulfillment of contractual obligations. By clearly defining when and how full payment is to be made, the clause ensures both parties understand their financial rights and responsibilities, thereby reducing the risk of disputes over payment and ensuring fair compensation for work performed or goods delivered.
Compensation for Full. Time Employees Full-time members will be paid based on the salary schedule designated in Appendix A. Anyone employed for more than the standard number of contract days shall be paid at their daily rate for each additional day.
Compensation for Full. Bid Period Removals, and ALPA/IFALPA Officers and Pilots Listed in Section 18.A.1.
a. A pilot removed from flying for an entire bid period shall be compensated by the Company for the number of credit hours of his awarded line, BLG or RLG, for that bid period, including carryover, if any, and including hourly rate override, if applicable.
b. Notwithstanding Section 18.B.1.a., during their terms of office, the MEC Chairman, Vice-Chairman, and Secretary-Treasurerthe pilots listed in Section 18.A.1. shall not bid lines in their respective aircraft and seat position. They shall be compensated at the pay rate of their seat position and longevity, based on the number of CH established by the MEC. The MEC shall advise the Company each year by the end of the November bid period as to the monthly credit hours for each Officerpilot for the following year. In no event shall this CH number for the new year be greater than the system-wide average of the highest lines with carryover in the Officer’s crew position for the current calendar year (the cap for the upcoming calendar year shall be derived from the system-wide average of the highest linelines with carryover, in the bid periods of January through December of the current year, in the Officer’s current domicile, aircraft and seat).
i. During bid periods where Officersthe pilots have scheduled vacation, the Association’s reimbursements to the Company shall be reduced by the value of the scheduled vacation (i.e., the number of days of awarded vacation for that bid period times 6 credit hours per day)., unless the Association elects the bid period prior to not have the vacation days and hours in the following bid period deducted from the respective pilot’s vacation bank.
ii. An Officer who is projected to be unable to perform his Association duties, for the remainder of the bid period, due to illness or injury, shall, upon notification to the Company, have the Association business status, as described in this paragraph, cancelled. The remainder of that bid period, if any, shall be prorated, and any subsequent periods bid in a "“pay only"” status shall be compensated the BLG or RLG of his pay only line and his sick leave account(s) shall be reduced by the same amount.
iii. With 30 days written notice to the Company, the Association may elect to process trip removals for an MEC officer(s) as provided in Section 18.A.2.a., rather than as provided in Section 18.B.1.b., or vice versa.
c. Notwithstanding Section 18.B.1.a., ...
Compensation for Full. Time Employees Employed More Than 60 Percent But Less Than 100 Percent Members employed more than 60 percent but less than 100 percent shall be paid a salary upon a pro-rata basis. Indirect monetary benefits shall be paid at the rate applicable to 100 percent full-time members.
Compensation for Full. Time Faculty Determination of yearly compensation at the time of appointment is made by the President in consultation with the chief academic officer and the chief financial officer. The following criteria will be considered when determining compensation: academic degrees; total years of teaching experience; full-time experience in a non-teaching profession related to the field of specialization; time in current academic rank; time in previous academic rank; and discipline demands. Following the time of appointment, determination of compensation is made by the Board of Trustees following the yearly budget review. All faculty contracts are made for nine months duration with payment in twelve monthly installments. Payroll checks will be distributed on the last calendar day of the month. It is University policy not to make advances on payroll checks.