Notional Salary definition

Notional Salary means sixty-five percent (65%) of the Total Remuneration Package;
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Notional Salary means the rates of emoluments which a teacher would have received from time to time if he had continued to be employed in the post which he held immediately before the date of reorganisation and if the reduction in his emoluments had not taken place.
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Notional Salary means sixty-five percent (65%) of the Total Employment Cost;
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Examples of Notional Salary in a sentence

  • You will be able to participate in the car scheme providing your post sacrifice pay is not reduced below the National Minimum Wage or the Lower Earnings Limit and your salary conversion is not more than 20% of your Notional Salary.

  • For Public Service senior executives, the flat rate 2.7% is to be applied to the notional salary of the Public Service senior executives’ total remuneration package as defined in the Department of Premier and Cabinet’s Circular C2020-13 Notional Salary 2019-20 (or its replacement Circular).

  • Aston University will allow you to convert up to 20% of your Notional Salary.

  • Change of Name On April 21, 2017, the Corporation announced that it filed Articles of Amendment to change its name to Mexican Gold Corp.

  • For pension purposes only you will have a notional UK salary (the UK Notional Salary).

  • Following review, your UK Notional Salary may be increased but will not be reduced.

  • The allowance to be paid shall be based on the Notional Salary component of the salary paid on a base level Commander’s package.

  • Medicaid has help in so many ways to make Mark’s life is normal as possible.

  • Let me illustrate the internal gradient of difference between these communities in relation to their degree of exchange with criollos and the ‘outside’ world.

  • The Ombudsman may elect to be paid in cash (Net of tax) a maximum of two (2) weeks unused recreation leave at The Ombudsman’s Notional Salary rate at the end of each Employment Year.


More Definitions of Notional Salary

Notional Salary means in respect of a Salary Sacrifice Member the salary, pay or earnings which a Salary Sacrifice Member would have received if he had not sacrificed salary under a recognised salary sacrifice arrangement in return for the Principal Employer or any of the Participating Employers agreeing that he will be a Salary Sacrifice Member and to pay Salary Sacrifice Contributions for him.
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Notional Salary means Salary on the basis that the person was working normally and receiving remuneration likely to have been paid for so doing as decided by the Employer from time to time, provided that it has been possible for the Trustee to insure benefits based on Notional Salary. If the Trustee has not been able to effect insurance, the provisions of FS Rule 9.3 shall apply.
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Notional Salary means the composite rate of the applicable Annual Base Salary in Schedule A and as appropriate and where applicable the following allowances prescribed under:
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Related to Notional Salary

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

  • 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.

  • Annual Salary means the salary given under this Part.

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

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

  • Salary as defined in Section 3.1(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.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’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 Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • 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.

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

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

  • 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)):

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

  • Average final compensation means the average annual creditable compensation of a member during

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Final Average Compensation means the average annual

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Basic Compensation means Salary and Benefits.

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

  • Earnable compensation means the full rate of the

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

  • 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.

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