Employment Compensation definition

Employment Compensation means any salary, bonus or commissions paid to the Employee as an employee (as defined in the Code) by any entity other than the Employers or their successors. If the Employee is a partner in a partnership, this definition shall include the Employee's share of partnership income.
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Employment Compensation. The Board shall recognize the service of teachers who have rendered a total of at least eighteen (18) continuous years (at least 10 years must be full time) of creditable service to District 200 preceding retirement, and who are eligible to receive retirement pension benefits through the regular retirement provisions of the Teachers’ Retirement System of the state of Illinois or Illinois Municipal Retirement Fund (IMRF).
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Employment Compensation. The Board shall recognize the service of full-time teachers who have rendered a total of at least eighteen (18) full-time years of creditable service to District 200 preceding retirement, and who are eligible to receive retirement pension benefits through the regular retirement provisions of the Teachers’ Retirement System of the state of Illinois (i.e., excluding those teachers eligible to receive any retirement option under the “Early Retirement Option” provision of Section 16-133.2 of the TRS Illinois Pension Act, or teachers receiving 6% compensation benefits).
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Examples of Employment Compensation in a sentence

  • No teacher will be suspended with or without pay from his or her regular teaching assignment without just cause; provided, however the Board’s acceptance of dismissal charges against a teacher is pursuant to the Teacher Employment, Compensation, and Dismissal Act of 1990 shall bar the processing of any grievance alleging a violation of this Article 2.4. No teacher will be dismissed from an extra-pay position identified in Appendix B during the term of such activity or season without just cause.

  • However, the District is not required to offer a transition program and in applying for the position of consulting employee, the employee agrees and understands that he/she shall not be subject to the protections provided by the provisions of C.R.S. (§ ▇▇-▇▇-▇▇▇, et seq.): Teacher Employment, Compensation, and Dismissal.

  • Employees who retire with more than fifteen (15) full-time years of IMRF creditable service to District 200 preceding retirement and who are eligible and approved for retirement in the retirement program of the Illinois Municipal Retirement Fund shall receive an additional $50.00 per year for each year of full- time creditable service to District 200 up to $500.00 (or ten (10) years beyond the base fifteen (15) years) to a maximum Post Employment Compensation of $1,100.00.

  • The term “grievance” and the procedure relative thereto shall not be deemed applicable in the case of the failure or refusal of the Board to renew the contract of a probationary employee or in case of dismissal procedures or other matters governed solely by the Teacher Employment, Compensation and Dismissal Act of 1990 as it now exists or may hereafter be amended.

  • The Company shall, prior to the Acceptance Time, take all action and give any notices necessary to effect the treatment of the Company Options contemplated by this Section 5.9(b), including ensuring that the Compensation Committee has duly approved the accelerated vesting and cash settlement of such Company Options as an Employment Compensation Arrangement.

  • This procedure will not abrogate the rights and responsibilities of the Board under the provisions of the Teacher Employment, Compensation, and Dismissal Act of the State of Colorado or other applicable laws.

  • In cases of non-renewal or dismissal of employees covered by the Colorado Teacher Employment, Compensation, and Dismissal Act, state law will apply.

  • The Company shall, prior to the Acceptance Time, take all action and give any notices necessary to effect the treatment of the Assumed Options contemplated by this Section 5.9(a), including ensuring that the Compensation Committee has duly approved the accelerated vesting and assumption of the Assumed Options as an Employment Compensation Arrangement.

  • In addition, if they meet the requirements of the Teacher Employment, Compensation and Dismissal Act they shall be placed on non- probationary status.

  • Should any employees be determined to not fall within the meaning of “teacher”, as that term is defined in the Teacher Employment, Compensation and Dismissal Act, such employees shall, to the extent the District has such authority, be afforded the equivalent protections and benefits afforded to teachers under that Act in any reduction in force action.