Common use of Payment of Salary Clause in Contracts

Payment of Salary. (a) During the four year accrual period participants in the scheme receive 80% of their normal fortnightly salary and will thus be taxed at this reduced rate of pay. Normal salary is defined as a teacher’s normal fortnightly salary plus any associated teaching allowances. In the fifth year, when leave is taken, the participants will receive the money contributed over the four year period. This amount can be paid fortnightly; in one lump sum payment; or two payments, one in each of the financial years.

Payment of Salary. (a) During the four year accrual period participants in the scheme receive 80% of their normal fortnightly salary and will thus be taxed at this reduced rate of pay. Normal salary is defined as a teacher’s an employee's normal fortnightly salary plus any associated teaching allowances. In the fifth year, when leave is taken, the participants will receive the money contributed over the four year period. This amount can be paid fortnightly; in one lump sum payment; or two payments, one in each of the financial years.

Payment of Salary. (a) During the four four-year accrual period period, participants in the scheme receive 80% of their normal fortnightly salary and will thus be taxed at this reduced rate of pay. Normal salary is defined as a teacher’s an Employee's normal fortnightly salary plus any associated teaching allowances. In the fifth year, when leave is taken, the participants will receive the money contributed over the four four-year period. This amount can be paid fortnightly; , in one lump sum payment; , or in two payments, one in each of the payments across separate financial years.

Payment of Salary. (a) During the four four-year accrual period participants in the scheme receive 80% of their normal fortnightly salary and will thus be taxed at this reduced rate of pay. Normal salary is defined as a teacher’s an Employee's normal fortnightly salary plus any associated teaching allowances. In the fifth year, when leave is taken, the participants will receive the money contributed over the four four-year period. This amount can be paid fortnightly; in one lump sum payment; or two payments, one in each of the financial years.

Payment of Salary. (a) During the four year accrual period participants in the scheme receive 80% of their normal fortnightly salary and will thus be taxed at this reduced rate of pay. Normal salary is defined as a teacher’s Teacher's normal fortnightly salary plus any associated teaching allowances. In the fifth year, when leave is taken, the participants will receive the money contributed over the four year period. This amount can be paid fortnightly; in one a lump sum payment; or two payments, one in each of the financial years.