Current compensation amount means the total compensation payable by the Board to the participant for the contract year, including his\her proper salary and all allowances in accordance with the agreements) in force. "Deferral period" shall be the number of years, not to exceed six (6) years, for which compensation is deferred in accordance with clause 3.1, including the years referred to in clauses 4.4 and 4.5, if applicable. To allow for the possible application of these clauses, the original deferral period should not exceed five (5) years. "Deferred compensation amount" means the portion of the current compensation amount which is retained by the Board for a participant in each year in accordance with clause 3.1 and augmented from time to time by interest thereon calculated in accordance with clause 3.3, but less all interest paid to the participant in accordance with clause 3.5 "Eligible employee" means an employee of the Board in continuing employment.
Current compensation amount means the total compensation payable by the Board to the Participant for the school year, ( September 1 to June 30) including his/her proper grid salary and all allowances, per the current Collective Agreement in force between the Association and the Board.
Current compensation amount means the total compensation payable by the Board to the participant for the contract year, including his/her proper salary and all allowances in accordance with the agreement(s) in force.
Examples of Current compensation amount in a sentence
The specific compensation methods are as follows: Current compensation amount = (committed net profit as of the end of the current period - actual net profit as of the end of the current period) * 10% If the compensation cash amount calculated according to the foregoing formula is less than 0, the value will be 0, and the compensated amount will not be reversed.
More Definitions of Current compensation amount
Current compensation amount means the total compensation payable by the Federation to the Participant for the year, in accordance with the current collective agreement in force between the Federation and the union.
Current compensation amount means the total compensa- tion payable by the employer to the participant for the year, in accordance with the current collective agreement in force be- tween the Employer and the Provincial Teachers’ Association.
Current compensation amount means the total compensation payable by the Employer to the Participant for the school year, including his/her proper grid salary per the current Salary Agreement in force.
Current compensation amount means the total compensation payable by the School Division to the Participant for the school year, including their proper grid salary and all allowances, per the Collective Agreement. "Deferral Period" shall be the number of years for which compensation is deferred in accordance with clause3.1, including the years referred to in clauses 4.4 and 4.5, if applicable.
Current compensation amount means the portion of the Current Compensation Amount which is retained by the Board for a Participant in each year in accordance with clause 3.1 but less all interest paid to the Participant in accordance with clause 3.4.
Current compensation amount means the total compensation payable by the Province to the Participant for the year, in accordance with the current collective agreement in force between the Province and the Prince Edward Island Union of Public Sector employees.
Current compensation amount means base salary rate less the Deferred Amount. Deferred Amount is the portion of the Current Salary Amount retained by the City and invested with an Eligible Investor for the participant. Eligible Investor means a Canadian Chartered bank, Investment firm, Treasury Branch, or any Credit Union authorized to do business in the Province of Alberta as arranged by the participant.