Compensation increases definition

Compensation increases means any additional payment made to an employee after the start of the fiscal year that would appear on the employee’s W-2 and/or should result in a Form 1099 being issued to the employee.
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Examples of Compensation increases in a sentence

  • Compensation increases described above will take effect only if they are deemed feasible by the Director of OFM, approved by the Legislature as provided in RCW 41.80, and fully funded by the State appropriations to the University.

  • Compensation increases resulting from increases in the Salary Schedule will take effect only if they are deemed feasible by the Director of OFM, approved by the Legislature as provided in RCW 41.80, and fully funded by the State appropriations to the University.

  • Compensation increases on this schedule will be permitted for years of experience, however, non-degreed teachers will not be eligible for compensation increases for credits earned (e.g., BA+20, BA+30, etc.) until after a BA/BS is earned.

  • Compensation increases including premiums, allowances, and changes in overtime rates will be implemented within 180 days after signature where there is no need for manual intervention.

  • Compensation increases described in Sections 43.1 and 43.4 above will take effect only if they are deemed feasible by the Director of OFM, approved by the Legislature as provided in RCW 41.80, and fully funded by the State appropriations to the University.

  • Compensation increases and other terms and conditions of employment are determined by and at the sole discretion of the Board of Directors.

  • Compensation increases described in Sections 44.1, 44.4, and 44.20 above will take effect only if they are deemed feasible by the Director of OFM, approved by the Legislature as provided in RCW 41.80, and fully funded by the State appropriations to the University.

  • Compensation increases described in Subsections A and B above will take effect only if they are deemed feasible by the Director of OFM, approved by the Legislature as provided in RCW 41.80, and fully funded by the State appropriations to the Employer.

  • Compensation increases shall only be considered at the expiration of each AGREEMENT period.

  • Compensation increases for contract years 2004-2005 and 2005- 2006 shall be provided as a base building salary adjustment and or merit increase provided that the funding is allocated to the University as a general salary adjustment and or merit pay, and provided that the Regents compensation budget request is in the State Budget Act as finally adopted.

Related to Compensation increases

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Basic Compensation means Salary and Benefits.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Annual Salary means the salary given under this Part.