Term & Salary Sample Clauses

Term & Salary. (a) The term of this Agreement shall commence on the date that Xxxxxxx shall first report for duty, July 1, 2013 and shall continue until June 30, 2015 unless sooner terminated or extended as provided in this Agreement (hereafter “Term.”) Unless the context otherwise requires, the term "year" shall mean the fiscal year of the District, commencing on July 1 and ending on June 30 of each year of the Term of this Agreement. The term of this Agreement shall be renewable at the mutual agreement of Xxxxxxx and the Board of Trustees.
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Term & Salary. The Township shall pay Xxxxxx for the performance of his services under this Agreement in accordance with the procedures that are set forth in the current and most recently updated Township Employee Manual (the “Employee Manual”). Xxxxxx’x annual gross salary shall be $97,500.00 per year subject to annual adjustments by the Township Committee
Term & Salary. The Township shall pay Frekot for the performance of her services under the Agreement in accordance with the procedures that are set forth in the current and most recently updated Township Employee Manual (the “Employee Manual”). Xxxxxx’s annual gross salary shall be $48,000.00 per year subject to annual adjustments by the Township Committee. The employee is a salaried position and the needs of the position may, from time to time exceed (35) hours per week, Monday through Friday 8am to 4pm. It is not, however the expectation that the employee work greater than (35) hours per week but rather that the employee will adjust hours from week to week so as to approximate an average (35) hour work week. Both Franklin Township and the employee understand that the employee is needed for court sessions and she will be compensated at her hourly rate of pay for court hours which occur outside the above listed hours of Monday through Friday 8am to 4pm. If the employee is designated as being “on call” she shall be compensated at one (1) hour of straight pay per call / incident. Any significant change of work schedule by more than 1 hour will need written approval of the Township Administrator.
Term & Salary. The Township shall pay Xxxxxxxx for the performance of her services under the Agreement in accordance with the procedures that are set forth in the current and most recently updated Township Employee Manual (the “Employee Manual”). Xxxxxxxx’x annual gross salary shall be $84,000.00 per year subject to annual adjustments by the Township Committee. The employee is a salaried position and the needs of the position may, from time to time exceed (40) hours per week, Monday through Friday 8am to 4pm with a (1) hour paid lunch. Lunch times are covered in handbook and cannot be utilized at beginning or end of work day in lieu of taking. It is not, however the expectation that the employee work greater than (40) hours per week but rather that the employee will adjust hours from week to week so as to approximate an average (40) hour work week. Both Franklin Township and the employee understand that the employee is an “exempt employee” under the “Fair Labor Standards Actfor the purposes of overtime and compensatory time. Accordingly, the Township and Employee agree there will be no compensation time or overtime pay for any hours worked above and beyond the 40 hour work week, performed by the Employee and the total compensation due the employee is contained in and in accordance with the terms of this document. Any significant change of work schedule by more than 1 hour will need written approval of the Township Administrator.
Term & Salary. The term of this Contract shall be for three (3) years, commencing July 1, 2018, and ending June 30, 2021. In consideration of a total annual base salary of $155,000.00 for the period from July 1, 2018, through June 30, 2021, the Superintendent agrees to faithfully perform the duties of the Superintendent, including other administrative duties as required by the Board, and as prescribed by the laws of the State of Washington and by the policies, rules, and regulations made thereunder by the Board, the State Superintendent of Public Instruction, and the State Board of Education. The annual salary shall be paid in twelve (12) equal monthly installments in accordance with the rules and regulations of the Board. The per diem rate shall be 1/260th of the total annual salary, or $596.15. The Board retains the right to adjust the annual salary of the Superintendent in subsequent years of the contract, and said salary adjustments, made in the form of a contract amendment, will not reduce the annual salary from the previous year.
Term & Salary. Unless earlier terminated as provided herein, the term of this Agreement shall commence on the Effective Date and shall continue until terminated as provided by Section 2 hereof (the “Term”). Subject to the provisions of this Agreement, Executive’s employment relationship with the Company will be “at will,” meaning either party can terminate the relationship at any time, with or without cause. Executive’s Base Salary as of the Effective Date is Three Hundred Thousand Dollars ($300,000) per year.
Term & Salary. The Township shall pay Xxxxx for the performance of her services under the Agreement in accordance with the procedures that are set forth in the current and most recently updated Township Employee Manual (the “Employee Manual”). Xxxxx’x annual gross salary shall be $90,000.00 per year subject to annual adjustments by the Township Committee. The employee is a salaried position and the needs of the position may, from time to time exceed (40) hours per week, Monday through Friday 8am to 4pm. It is not, however the expectation that the employee work greater than (40) hours per week but rather that the employee will adjust hours from week to week so as to approximate an average (40) hour work week. Both Franklin Township and the employee understand that the employee is an “exempt employee” under the “Fair Labor Standards Actfor the purposes of overtime and compensatory time. Accordingly, the Township and Employee agree there will be no compensation time or overtime pay for any hours worked above and beyond the 40 hour work week, performed by the Employee and the total compensation due the employee is contained in and in accordance with the terms of this document. Any significant change of work schedule by more than 1 hour will need written approval of the Township Administrator.
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Related to Term & Salary

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, 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."

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Base Salary and Benefits a. During the Employment Period, Executive's base salary shall be $180,000 per annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices, including those related to withholding for taxes, insurance and similar items. Executive's Base Salary shall be increased on January 1 of each calendar year, commencing January 1, 1998, by the Adjustment Percentage (as defined below) of the Base Salary applicable to the previous fiscal year. As used herein, "

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

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