Salary Contributions Clause Samples
The Salary Contributions clause defines the obligations of one or more parties to make payments toward an employee's salary. Typically, this clause outlines how much each party is responsible for contributing, the schedule of payments, and any conditions or limitations on these contributions. For example, in a joint employment or secondment arrangement, both the original and host employer may share salary costs according to a predetermined formula. The core function of this clause is to ensure clarity and prevent disputes by specifying who pays what portion of the salary and when, thereby allocating financial responsibility between the parties involved.
Salary Contributions. Employee salary contributions -- a function of years of service and corresponding percentage -- shall be deposited into the Employee’s HCSP account.
1. Employees at step 1 (68% of Top Patrol) shall contribute one-quarter (¼) percent of the Employee’s gross earnings per pay period.
2. Employees at step 2 (75% of Top Patrol) shall contribute one-half (½) percent of the Employee’s gross earnings per pay period.
3. Employees at step 3 (85% of Top Patrol) shall contribute three-quarters (3/4) percent of the Employee’s gross earnings per pay period.
4. Employees at step 4 (90% of Top Patrol) and above shall contribute one (1) percent of the Employee’s gross earnings per pay period.
Salary Contributions. Employee salary contributions -- a function of years of service and corresponding percentage -- shall be deposited into the Employee’s HCSP account.
1. Employees with less than ten (10) years of Departmental Seniority shall contribute one-quarter (¼) percent of the Employee’s gross earnings per pay period.
2. Employees with more than ten (10) years and less than fifteen (15) years of Departmental Seniority shall contribute one-half (½) percent of the Employee’s gross earnings per pay period.
3. Employees with more than fifteen (15) years and less than twenty (20) years of Departmental Seniority shall contribute three-quarters (¾) percent of the Employee’s gross earnings per pay period.
4. Employees with more than twenty (20) years and less than twenty-five (25) years of Departmental Seniority shall contribute one (1) percent of the Employee’s gross earnings per pay period.
5. Employees with more than twenty-five (25) years of Departmental Seniority shall contribute one and one-quarter (1¼) percent of the Employee’s gross earnings per pay period.
Salary Contributions. Employee salary contributions -- a function of years of service and corresponding percentage -- shall be deposited into the Employee’s HCSP account.
1. Employees at step 1 (75% of Top Patrol) shall contribute one-half (½) percent of the Employee’s gross earnings per pay period.
2. Employees at step 2 (85% of Top Patrol) shall contribute three-quarters (3/4) percent of the Employee’s gross earnings per pay period.
3. Employees at step 3 (90% of Top Patrol) and above shall contribute one (1) percent of the Employee’s gross earnings per pay period.
Salary Contributions. Employee salary contributions -- a function of years of service and corresponding percentage -- shall be deposited into the employee’s HCSP account. Employees with 0-5 years of Union seniority shall contribute one-quarter (¼) percent of the employee’s gross earnings per pay period. Employees with 6-10 years of Union seniority shall contribute one-half (½) percent of the employee’s gross earnings per pay period. Employees with 11-19 years of Union seniority shall contribute three-quarters (¾) percent of the employee’s gross earnings per pay period. Employees with 20 or more years of Union seniority shall contribute one (1) percent of the employee’s gross earnings per pay period.