Faculty Salary Adjustment definition

Faculty Salary Adjustment means a payment to a staff member in addition to the salary paid in accordance with the salary schedule, paid in order to recruit or retain an individual staff member.
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Examples of Faculty Salary Adjustment in a sentence

  • The document wherein the resulting salary increase process is described is titled the Faculty Salary Adjustment Program.

  • Seller’s responsibility and obligations following loss or damage to equipment in transit shall be limited to assistance in processing and securing information pertaining to damage claims.

  • FACULTY SALARY ADJUSTMENT PROGRAMSG 3.08 Date of Last Update:May 10, 2019 Approved By: University Academic Senate / Provost Responsible Office:Provost Office POLICY STATEMENT Faculty Salary Adjustment Program Each year the Faculty Salary and Budget Committee (FSBC) recommends to the University Academic Senate (UAS) how funds, as available for faculty salary increases, are to be administered.

  • Faculty Salary Adjustment ProgramThe Board of Control approves annually an increase in funds available for salary increments.

  • Budgetary Affairs Committee—Lora Baldwin Information Item: The Trustees approved implementation of year-two of the Faculty Salary Adjustment plan.

  • No fringe transfer is required.2. Funding from operating budgets – Department should transfer funds to either 610133 Faculty Salary Adjustment for a Faculty employee salary increase, or 610233 for a Staff employee salary increase.

  • The amount of budgeted fringe increase will also need to be transferred, in addition to the salary increase.3. Funding from Temporary, Student, or other personnel budgets - Department should transfer funds to either 610133 Faculty Salary Adjustment for a Faculty employee salary increase, or 610233 for a Staff employee salary increase.

  • In this way, the phase- currents of the healthy sets are kept balanced and within their boundaries.

  • Faculty Salary Adjustment Program‌The Board of Trustees approves annually an increase in funds available for salary increments.

  • Faculty Salary Adjustment Program‌The Board of Control approves annually an increase in funds available for salary increments.

Related to Faculty Salary Adjustment

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Final Salary means the average annual salary for service for which

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’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 the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Annual Salary means the salary given under this Part.

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

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • 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.

  • Basic Compensation means Salary and Benefits.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Final average salary means whichever of the following is greater:

  • Annual Compensation means an amount equal to the greater of:

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Salary as defined in Section 3.1(a).

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

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