PAY AND COMPENSATION. An employee who is required to accept the responsibilities and carry out the duties incident to a position or rank senior to that which the employee normally holds shall be paid at the rate for the senior position or rank while so acting and, if injured while on duty in such position or rank, shall be compensated for the injury at the rate for the senior position or rank.
PAY AND COMPENSATION. The Parties hereby agree that this internship is unpaid and that the Intern will not be compensated or paid for any services that he/she conducts at the Company. The Intern agrees that he/she will be compensated in knowledge, education and experience as consideration for the duties and responsibilities that he/she will undertake under this Agreement.
PAY AND COMPENSATION. The Parties hereby agree that the Employer will pay the Employee an annual salary of payable semi-monthly and subject to regular deductions and withholdings as required by law. - Whereas the Parties also agree that annual salary may be increased annually by an amount as may be approved by the Employer and, upon such increase, the increased amount shall thereafter be deemed to be the annual salary for purposes of this Agreement.
PAY AND COMPENSATION. Section 1. Compensation 5 Section 2. Placement on Salary Schedule 5 Section 3. Experience Credit 6 Section 4. Payroll Deductions 7 Section 5. Pay Periods 7
PAY AND COMPENSATION. Section 1. Base Wage Schedule The Wage Schedule set forth in this article shall be effective the first full pay period after January 1, 2019, by slotting current Lieutenants at the base hourly rate of $46.60 into Step 5 and Lieutenants at the base hourly rate of $47.16 into Step 6 of the wage schedule. No Lieutenant will experience a decrease in base rate of pay due to this slotting. Thereafter, Lieutenants shall be advanced in step as of the first pay period after January 1, 2020 and January 1, 2021. Lieutenants who are topped out (2018-2021) shall receive a one-time pensionable lump sum payment of $2,700 in the first full pay period after January in 2019 and 2020. Newly promoted Lieutenants will begin on step 1 of the step schedule. If placement on step 1 does not provide a minimum of an 8.5% increase, then the newly promoted Lieutenant will be placed on the step that provides at least an 8.5% increase. Step # Lieutenant Annual Hourly 1 $ 91,052 $ 43.78 2 $ 93,742 $ 45.07 3 $ 96,431 $ 46.36 4 $ 99,121 $ 47.65 5 $ 101,810 $ 48.95 6 $ 104,500 $ 50.24 Section 2. Acting in a Higher Rank.
PAY AND COMPENSATION. The Parties hereby agree that in recognition of Company’s financial status, with the Employee also a significant shareholder in the Company, Employee will forgo any monthly cash compensation. - Employee’s monthly cash compensation situation will be reviewed quarterly, subject to adjustment as needed. - The Parties hereby agree that the Employer will pay the Employee a special one-time bonus upon successful fund raise as result of Employee’s efforts or relationship, payable upon investor’s fund is in the bank. o The Parties agree the special one-time bonus will be up to 4% for new funding up to $250,000, and 5% for new fundings over $250,000. o New funding is defined by new funding by new investor to the Company.
PAY AND COMPENSATION. A. Typically, a PST member shall offer support services to employees while the PST member is on duty.
PAY AND COMPENSATION. 1. The B767 shall be considered a wide‐body aircraft for the purposes of pay. The hourly rate of pay charts in Section 3 shall be amended accordingly.
PAY AND COMPENSATION. The Parties hereby agree that the Intern receives the following payment every month.
PAY AND COMPENSATION. The Parties hereby agree that the Employer will pay the Employee an annual salary of ________________ payable semi-monthly and subject to regular deductions and withholdings as required by law.
