Employee Compensation Clause Examples
The Employee Compensation clause defines the terms and structure of payment and benefits provided to an employee by their employer. It typically outlines the base salary, wage rates, bonuses, commissions, and any additional benefits such as health insurance or retirement contributions. By clearly specifying how and when employees are paid, this clause ensures transparency, helps prevent disputes over pay, and sets clear expectations for both parties regarding compensation.
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Employee Compensation. The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.
(a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees.
(b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.
Employee Compensation. Suffer any material increase in excess of the reasonable range in the broadcast industry in the same or similar markets in compensation payable or to become payable to any employees, or any bonus payment made or promised to any employee, or any material change in personnel policies, insurance benefits or other compensation arrangements affecting any employees, provided that nothing in this clause shall be construed to limit or restrict the commission compensation of employees who may be selling brokered time for the Borrower.
Employee Compensation. The Seller shall pay (or cause to be paid) all wages, payroll taxes and fringe benefits (including accrued vacation pay) as well as social security, unemployment compensation, health, life and disability insurance and pension fund contributions, if any, of the Employees through the Cut-Off Time. On the Closing Date, the Buyer shall rehire or offer (or cause the Buyer’s manager to rehire or offer) employment at the Property to a sufficient number of Employees in the same position or job classification and at substantially the same wage rate or salary as such Employee held and enjoyed immediately prior to the Closing Date and for a sufficient period of time so as to avoid triggering the provisions of the Worker Adjustment and Retraining Notification Act and similar local or State laws or regulations (the “Employment Acts”). The Buyer or the Buyer’s Property manager shall be responsible for paying all salary and employee benefit obligations in connection with the employment or work of the Employees on or after the Closing Date, including any obligations under the Employment Acts arising as of or after the Closing Date. The Buyer shall indemnify and hold the Seller and the Manager harmless for any liabilities, obligations, costs, expenses and damages incurred by the Seller and the Manager and any claims, demands, actions and administrative proceedings (including, without limitation, all reasonable attorneys’ fees and costs incurred in connection therewith) relating to, arising from or in connection with the Buyer’s failure to comply with its obligations under this Section.
Employee Compensation. Annually, the administration shall meet and confer with representatives of the various employee groups to develop proposed salary schedules and benefits packages.
Employee Compensation a. The Hospital and the xxxxxxx(s) and bargaining committee member(s) elected or appointed from the bargaining unit shall meet once annually in March, or such other time mutually agreed upon by the parties, to review salary and compensation comparison data that shall be compiled by the Association, by the Hospital or its representative, as well as data from any other source that the parties agree is relevant. Such meetings shall not deprive an employee of, or be used as an alternate to, individual annual employee performance evaluations and annual salary adjustments or performance bonuses in accordance with existing Hospital policies or practices.
b. The Hospital may also establish a salary range or grid as a basis for determining the wage or salary for all employees that is based on a consideration of relevant factors, including but not limited to, the kind of work and the geographic location of the Hospital. In preparing or revising the salary range or grid, the Hospital shall consult with the Association, however the Association’s role shall be advisory only.
c. It is agreed that any issue between the parties arising from the consultations referred to in 10.01(a) or (b) including, but not limited to, a dispute regarding the appropriateness or sufficiency of comparison data or the salary range or grid implemented by the Hospital, shall not be the subject of a grievance or arbitration.
10.02 The Hospital shall prepare and present collective agreement addendums with each individual employee which shall provide an overview of the following information or the location where such information can be accessed by the employee:
a. Hourly Wage/Salary
b. Compensation Increases (Annual adjustments, COLA, or experiential)
c. Vacation Time (or vacation pay, where applicable)
d. Holiday and Holiday Premium Pay
e. Health and Welfare – Summary description of coverage, co- payment, maximums, including (where applicable):
i. Life Insurance
ii. Accidental Death and Dismemberment
iii. Dependant Life Insurance iv. Dental Coverage v. Extended Health Coverage vi. Vision Coverage
Employee Compensation. 41 Employees shall be compensated in accordance with the provisions of this Agreement for all hours 42 worked. Each employee shall receive a full accounting and itemization of authorized deductions, hours 43 worked, and rates paid with each paycheck. 44
Employee Compensation. (A) For services rendered to the school district during the work year, each employee shall be paid in accordance with the rate schedule in Appendix A of this Agreement.
(B) LSFES shall be required to enroll in the district direct deposit payroll program.
Employee Compensation. Seller shall pay in full all amounts due under any employment contracts with any employees of Seller performing services on the premises including, without limitation, any payroll, F.I.C.A., accrued vacation and sick pay, contributions to employee-medical or pension funds, any employee benefits, employee-related taxes and any amounts payable under such employment contracts, and Seller indemnifies, defends and holds Buyer harmless from any claims respecting same. Seller and Buyer agree that Buyer is not hiring any of Seller’s employees.
Employee Compensation. Employee's remuneration shall be as set forth in Schedule A attached to this Agreement and incorporated herein.
Employee Compensation. For services rendered to the District during the work year, each employee shall be paid in accordance with the rate schedule in Appendix A and the addition of Appendix B of this Agreement. The rates of pay for any future positions within the bargaining unit, which do not now appear on the above schedule, shall be subject to negotiations between the BOARD and the UNION.