Fixed Pay Clause Samples
The Fixed Pay clause establishes a predetermined, unchanging amount of compensation that one party will receive for their services or work, regardless of the time or resources expended. This clause typically applies to employment contracts, consulting agreements, or service arrangements where the payment is not tied to hourly rates or variable outcomes. By specifying a set payment, it provides certainty for both parties, simplifies budgeting, and eliminates disputes over fluctuating compensation, thereby ensuring financial predictability and clarity in the contractual relationship.
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Fixed Pay. The income according to the system of the 13 salary scales plus the holiday allowance and annual allowance.
Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31, 2023 Annual salary of INR 2,00,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 To be determined by the India Company Board based on the outcome of the annual performance review process
Fixed Pay. During the Employment Term, the Company will pay Executive an annual salary of Rupees Eight Crores (INR 80,000,000) as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Company’s normal payroll practices and be subject to the usual, required withholdings.
Fixed Pay. Your annual Fixed Pay is set out in Clause 2, and will normally be paid in equal monthly instalments in arrears by direct transfer to your bank account, subject to any tax, social security, and other deductions required by law or the terms of this Agreement.
Fixed Pay. Collective salary adjustment
Fixed Pay. Your Fixed Pay, which consists of your Basic Salary and Flexi Basket, will be INR
Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. The Fixed Pay will be further subject to annual review by the Mauritius Company Board.
Fixed Pay. Increase Pool means a pool of funds equivalent to 3.75% of the total annual value of Fixed Pay for Employees who on 30 September of the relevant Performance Year are Applicable Westpac Employees, Applicable Wealth Employees or Applicable ▇▇.▇▇▇▇▇▇ 2007 Heritage Employees who commenced employment on or before 30 June of the relevant year (in this clause 9, Applicable Employees), reduced by an amount equal to 3.75% of the annual value of the Fixed Pay of Applicable Employees who:
(i) cease to be Applicable Employees prior to the pay increase date of either 1 January 2013 or 1 January 2014 or 1 January 2015; or
(ii) have been on extended leave and have performed no work or performed work for less than 3 months in the Performance Year.
Fixed Pay. The Company will pay the Employee a monthly gross wage of EUR 10,345 EUR in 12 monthly installments. The wage is payable on the last day of the month. The right to pay indexation and the methods of calculating and granting same are governed by the provisions of CLA 218, which is applicable to this category of employment. (CLA = Central Labour Agreement).
Fixed Pay. During the term of thiscao, the salaries and salary scales will be increased by 1% as of 1 July 2019 and 1 July 2020. Salary scale Scale minimum Scale maximum 1 € 1,146.55 € 1,636.95 2 € 1,334.03 € 1,904.44 3 € 1,491.79 € 2,129.64 4 € 1,670.10 € 2,385.71 5 € 1,989.03 € 2,840.67 6 € 2,304.53 € 3,291.06 7 € 2,696.61 € 3,851.17 8 € 3,148.16 € 4,495.91 9 € 3,640.85 € 5,200.05 Each salary scale has a scale minimum and a scale maximum. As at 1 January 2017, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: 10 € 4,338.85 € 6,198.36 11 € 5,220.96 € 7,458.51 As at 1 July 2019, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: Salary scale Scale minimum Scale maximum 1 € 1,158.02 € 1,653.32 2 € 1,347.37 € 1,923.48 3 € 1,506.71 € 2,150.94 4 € 1,686.80 € 2,409.57 5 € 2,008.92 € 2,869.08 6 € 2,327.58 € 3,323.97 7 € 2,723.58 € 3,889.68 8 € 3,179.64 € 4,540.87 9 € 3,677.26 € 5,252.05 10 € 4,382.24 € 6,260.34 11 € 5,273.17 € 7,533.10 As at 1 July 2020, the minimums and maximums of the salary scales 1 through 11 (on a monthly basis based on a 36-hour working week) are as follows: Salary scale Scale minimum Scale maximum 1 € 1,169.60 € 1,669.85 2 € 1,360.84 € 1,942.71 3 € 1,521.78 € 2,172.45 4 € 1,703.67 € 2,433.67 5 € 2,029.01 € 2,897.77 6 € 2,350.86 € 3,357.21 7 € 2,750.82 € 3,928.58 8 € 3,211.44 € 4,586.28 9 € 3,714.03 € 5,304.57 10 € 4,426.06 € 6,322.94 11 € 5,325.90 € 7,608.43 Each year, the holiday allowance and annual allowance are paid out in May and December respectively. The holiday allowance equals 8% of - and the annual allowance equals 1/12 of - the monthly salaries paid out, including any personal allowance and shift allowance.