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 —
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
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.
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
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;
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.