PRORATED SALARY Sample Clauses

PRORATED SALARY. The formula for determining the prorated salary for those PSMs who work less or more than a full year shall be as follows:
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PRORATED SALARY. Part-time employees and employees involved in a job share whose active service occurs less than the equivalent of one half the school year will be credited with one year’s experience for the purpose of calculating the employee’s salary every two years as long as the sixty days equivalent is reached in that second year. Compensation of part time and job share employees shall be prorated on the basis of the portion of a full-time assignment for which he/she is employed.
PRORATED SALARY. Salary is prorated under two circumstances.

Related to PRORATED SALARY

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

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