Market supplement definition

Market supplement is an additional constant dollar amount which may be added from time-to-time to the base pay rate of an occupational group or to specific levels within an occupational group. Market supplement is considered part of pay for purposes of overtime, superannuation and other wage related benefits. It is not considered part of pay, however, for purposes of calculating performance increases or increases on promotion and reclassification.
Sample 1Sample 2Sample 3

Examples of Market supplement in a sentence

  • Market supplement payments of a recurring nature will usually be paid in equal instalments in addition to basic pay.

  • The Market supplement has been defined in the form of 2 additional increments added to the main salary scale.

  • The county probation departments shall fund one standard probation officer from non-state funds for every eight standard probation officers funded by the state aid for probation monies.

  • Pay Considerations Market supplement payments have historically been attached to posts where there has not been a requirement for additional hours or for relief employees.

  • As at 1.4.2020 Executive Directors are paid spot salary payments of £119,952 and the Head of Health and Wellbeing / Director of Public health is paid on a personal grade of NHS Senior Band 9 plus Market supplement providing for a total salary of £90,000.

  • Modifications to access to James Thompson Footbridge and new flood gate4.

  • Notwithstanding any other provision of this Contract or the Exhibits to the contrary, the School District represents that it is a tax-exempt organization and is therefore not subject to taxes arising out of this Contract or the Program Manager’s performance under this Contract.

  • Market supplement payments will take the form of either a percentage enhancement or a lump sum added to the top of the salary range.

  • As at 1.4.2019 Executive Directors are paid £116,742 and the Head of Health and Wellbeing / Director of Public health is paid on a personal grade of HAY 3 plus Market supplement providing for a total salary of £90,000.

  • Market supplement payments are therefore not included in the calculation of benefits such as sick pay, holiday pay etc.

Related to Market supplement

  • Supplemental Agreement means an agreement supplemental to this Agreement, substantially in the form set out in Schedule 1 to this Agreement to be entered into by the Secretary of State and the Company pursuant to which the Company agrees to establish and maintain, and to carry on or provide for the carrying on, and the Secretary of State agrees to fund, an Academy in accordance with the terms and conditions of that Supplemental Agreement and this Agreement;

  • Guaranty Supplement has the meaning specified in Section 8.05.

  • Joinder Agreement means a joinder agreement substantially in the form of Exhibit D executed and delivered in accordance with the provisions of Section 6.13.