Fortnightly salary definition

Fortnightly salary means an employee's substantive salary exclusive of any allowances such as the district allowance, personal allowance, qualifications allowance, efficiency allowance, service allowance, special allowance, or higher duties allowance unless otherwise approved by the Employer. Provided that a special allowance or higher duties allowance shall be included in "fortnightly salary" when overtime is worked on duties for which these allowances are specifically paid.
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Fortnightly salary means an Employee’s annual salary divided by 365.25 multiplied by 14;
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Fortnightly salary means an employee's substantive salary exclusive of any allowances such as the district allowance, personal allowance, qualifications allowance, efficiency allowance, service allowance, special allowance, or higher duties allowance unless otherwise approved by
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Examples of Fortnightly salary in a sentence

  • He has lodged a declaration claiming two (2) dependants.Fortnightly salary or wages K 224 / 7 x 11 = K 352.00 Tax on Fortnightly salary of K 352 (2 Dependants) = K 0.00 Tax on seven days work for K 224 = K 0.00 / 11 x 7 = K 0.00 ill.

  • Method of payment15.1 Fortnightly salary will be paid by electronic funds transfer into an account nominated by the employee at an Authorised Deposit-Taking Institution.

  • The fortnightly salary will be ascertained by applying the following formula: Fortnightly salary = annual salary multiplied by 12 and divided by 313.

  • Fortnightly salary x No. of excess hours of duty x 3 76 2 (b) Provided that payment for hours of duty worked in excess of 232 hours in any four week cycle shall be paid at the rate of 200% of the equivalent hourly rate applicable to the medical practitioner calculated according to the following formula.

  • To present the proposed contract to the Executive Board for its approval prior to presentation to the full membership for its approval.

  • Fortnightly salary x No. of hours of duty in excess of 232 x 2 76 (2) In lieu of payment for overtime a medical practitioner, on written request, may at the discretion of the employer, be allowed time off proportional to the payment to which the medical practitioner is entitled up to a maximum of five days in each twelve month period to be taken at a time convenient to the employer.

  • SCHEDULE A - SALARIES 1.1 Fortnightly salary is determined by dividing annual salary by 26.0893 and rounding to 10 cents.

  • Id.However, where the facts are in dispute but the trial court rules on a paper record without conducting an evidentiary hearing, then no deference is afforded the trial court’s factual findings or judgment.

  • Fortnightly salary will be paid by electronic funds transfer into a financial institution account of the employee’s choice.

  • During prescribed hours of duty Fortnightly salary X 3 75 2 in addition to the normal days pay.


More Definitions of Fortnightly salary

Fortnightly salary means an employee’s substantive salary, exclusive of any allowances such as a special al- lowance, or higher duties allowance unless otherwise approved by the chief executive officer. Provided that a special allowance or higher duties allowance shall be in- cluded in “fortnightly salary” when overtime is worked on duties for which these allowances are specifically paid.
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Fortnightly salary means an Employee’s annual salary divided by 365.25 multiplied by 14
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Fortnightly salary means an Employee’s annual Salary divided by 365.25 multiplied by 14. FWC means the Fair Work Commission or its successor. Fair Work Act 2009 (Cth) and FW Act means that Act, as may be amended from time to time and any successor to that Act.
Sample 1
Fortnightly salary means an Employee's substantive salary exclusive of any allowances such as the district allowance, personal allowance, qualifications allowance, service allowance, special allowance, or higher duties allowance unless otherwise approved by the Employer. Provided that a special allowance or higher duties allowance shall be included in "fortnightly salary" when overtime is worked on duties for which these allowances are specifically paid.
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Related to Fortnightly salary

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

  • Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or she becomes disabled within the meaning of s. 40.65 (4), by the employer in whose employ the injury occurred or the disease was contracted. Overtime pay may not be considered part of an employee’s monthly salary unless the employee received it on a regular and dependable basis.

  • 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.

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

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

  • Annual Salary means the salary given under this Part.

  • Salary as defined in Section 3.1(a).

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

  • 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.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

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

  • 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.

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

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

  • Year of Employment means a period of service of 12 months.

  • Current Annual Compensation means the greater of:

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • 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).

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

  • Retention Bonus means the amount equal to:

  • Earnable compensation means the full rate of the

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • 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.