Basic monthly salary definition

Basic monthly salary means all remuneration payable monthly to a foreign employee that does not vary from month to month on any basis in respect of work done under his contract of service. However, basic monthly salary does not include —
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Basic monthly salary means all remuneration payable monthly to a foreign employee that does not vary from month to month on any basis in respect of work
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Basic monthly salary means Participant’s monthly rate of earning from his or her Employer in effect as of September 1st immediately prior to the first day of entitlement to long term disability benefits, not including bonuses, commissions, overtime pay, and extra compensation. Basic Monthly Salary is calculated as 1/12 of the Basic Annual Salary.
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Examples of Basic monthly salary in a sentence

  • Basic monthly salary and benefits, form of payment and currency used.

  • Basic monthly salary The basic monthly salary is the salary paid to each Orchestra Member for work done during regular working hours.

  • Basic monthly salary, fixed allowances, any costs of allowances, medical allowances, travelling and daily allowances.

  • Basic monthly salary does not include the Miscellaneous Benefit Allowance.

  • Compensation - Overtime Overtime work with prior approval of immediate supervisor is subject to overtime pay based on the following formula :- Overtime pay per hour = Basic monthly salary / 8 hours / 30 days x 1.5 Minimum overtime work being 30 minutes.


More Definitions of Basic monthly salary

Basic monthly salary means all remuneration payable monthly to a foreign employee that does not vary from month to month on any19b/a0si9s/2in013 13:31
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Basic monthly salary means that amount of money payable monthly to an employee for his services to the Company excluding annual wage supplement and/or ex-gratia payment, overtime payment, shift and other allowances and/or reimbursement payments and other payments;
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Basic monthly salary means an Employee’s regular monthly salary including any retroactive pay adjustments, but does not include overtime or any other special payments.
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Related to Basic monthly salary

  • Monthly salary means the W-2 reportable compensation received by a member during the month.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.