Salary definition

Salary as defined in Section 3.1(a).

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Salary means the Executive’s annual base salary as in effect immediately prior to the Executive’s Qualifying Termination (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary, then the Executive’s annual base salary in effect immediately prior to the reduction) or, if the Executive’s Qualifying Termination is a Qualifying CIC Termination and the amount is greater, at the level in effect immediately prior to the Change in Control.

Salary means the salary or rate of pay prescribed for the employee's classification by clause 3, Salaries, Part B of this Award, and any other payment that can be salary packaged in accordance with Australian taxation law.

Examples of Salary in a sentence

• The Executive’s Base Salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the Base Salary during the Term.

• However, the Executive’s Base Salary may not be decreased during the Term, other than as part of an across-the-board salary reduction for business or organization reasons, as to be determined in the sole and absolute discretion of the Board, that applies in the same manner to all senior executives.

• In addition to the Base Salary, the Company shall also pay the Executive an additional salary of $50,000 in periodic installments in accordance with the Company’s customary payroll practices, subject to all statutory deductions and authorized withholdings.

• The Base Salary shall be pro-rated on an annualized basis for any partial year during the Employment Period.

• Each calendar year, Executive will be eligible to earn a discretionary bonus of up to one hundred percent (100%) of Base Salary at the Board’s discretion, taking into account the Executive’s individual performance and overall Company performance (the “Annual Bonus”).

More Definitions of Salary

Salary means a state employee's monthly salary or wages.

Salary shall have the meaning set forth in Section 3.1(a).

Salary means Executive’s annual base salary as in effect immediately before the termination of Executive’s employment or, if higher, the base salary in effect immediately before the first event or circumstance constituting Good Reason.

Salary means, without duplication of any amounts counted as Benefits, a predetermined regular payment, typically paid on a weekly or less frequent basis but which may be expressed as an hourly, weekly, annual or other rate, as well as cost-of-living differentials, vacation time, paid time off, sick leave, and overtime pay, paid by the Recipient to its Employees, but excluding any Federal, state, or local payroll taxes paid by the Recipient.

Salary has the meaning given to such term in Section 2.4(a) hereof.

Salary means the annual salary provided for in Section 3 below, as adjusted from time to time.

Salary means the basic compensation of an employee plus, with respect to an employee serving as chief of mission, officer temporarily in charge of the operations of an agency at a post, or in some other similar capacity, any additional compensation that he/she may be authorized to receive while serving in such capacity, but exclusive of all allowances, differentials or other additional compensation.