Salary Budget definition

Salary Budget for TIO means the total Total Remuneration of all employees of TIO who are eligible to participate in the Remuneration Review in accordance with clause 3.2.7 and who have a full time equivalent Total Remuneration of less than $180,000 per annum.
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Salary Budget means the salary budget set out in Schedule 12. Schemes means the Share Scheme and Demerger Scheme, and Scheme means either one of them, as the context requires.
Sample 1

Examples of Salary Budget in a sentence

  • The Merit Increase fund does not exceed the mean percent increase included in the annual Departmental guidance providing the WorldatWork Salary Budget Survey’s salary increase projected for the CIP year.

  • Any necessary adjustments in the Management Fee and Salary Budget shall be negotiated between the City and Midwest Pool Management, and agreed upon in writing, signed by both parties.

  • Such situations may normally arise when the open tender for a Surgical & Sutures fails and there is an urgency to purchase it, or when the L-1 bidder has fail to supply, or the ratecontract of an item ceases to exist for any reason.

  • An out-of-contract Player whose Salary Budget Charge exceeded the Maximum Base Salary for the immediately preceding League Season, and whose current Team did not make him an offer in excess of the Maximum Salary Budget Charge, may go through Free Agency provided that he agrees to a new SPA that results in his Salary Budget Charge being less than the Maximum Salary Budget Charge.

  • The Salary Budget shall be invoiced per the schedule on Exhibit B, with payroll records subject to review by the City.

  • An out-of-contract Player whose Salary Budget Charge exceeded the Maximum Salary Budget Charge for the immediately preceding League Season, and whose Salary Budget Charge for the next League Season, based on an offer from his current Team, will also exceed the Maximum Salary Budget Charge, will not be eligible for Free Agency.

  • The Reserve Roster slots will not count against the Team Salary Budget.

  • MLS may reduce the per Player Maximum Salary Budget Charge percentage in its sole discretion; provided that, for purposes of Article 29, the Maximum Salary Budget Charge shall be set at 12.5% of the Team Salary Budget.

  • The League may reduce or eliminate such third Designated Player annual payments in its discretion, provided that it replaces the amounts that are reduced or eliminated with new allocations that may be used consistent with the other non-targeted allocations in this agreement (e.g., “Failure to Make the Playoffs” allocation) and the Competition Guidelines (i.e., such new allocations may be used to buy down a Player’s Salary Budget Charge).

  • Players on the Senior Roster must be paid a base salary equal to or greater than the Senior Minimum Salary set forth in Section 10.1. For purposes of the Team Salary Budget, if a Team does not fill a minimum of eighteen (18) slots, the League will impute a Senior Minimum Salary for the unfilled slots up to eighteen (18).

Related to Salary Budget

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Approved Budget means an annual budget-

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Annual Salary means the salary given under this Part.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Operating Budget has the meaning given in Section 3.11(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.

  • Annual Work Plan means each annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.B.3 of Schedule 2 to this Agreement.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Business Plan means the information required to be supplied to the

  • 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.

  • 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.

  • Research Budget has the meaning set forth in Section 2.2.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

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

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

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