SALARY COMPUTATION definition

SALARY COMPUTATION. The unit member's salary schedule is based upon the decimal matrix printed below. A unit member's annual salary is determined by multiplying the decimal appearing in their appropriate placement on the matrix by the dollar amount in Column 1, Step 1. $56,334 EXAMPLE: A unit member’s appropriate placement is Column VI, Step 10. Column VI, Step 10 on the decimal matrix is 1.96 x Column 1, Step 1 amount of $110,415 $56,334 x 1.96 = annual salary 2 1.08 1.17 1.26 1.34 1.41 1.48 3 1.16 1.25 1.34 1.42 1.49 1.56 4 1.24 1.33 1.42 1.50 1.57 1.64 5 1.30 1.39 1.48 1.56 1.63 1.70 6 1.36 1.45 1.54 1.62 1.69 1.76 7 1.42 1.51 1.60 1.68 1.75 1.82 8 1.48 1.57 1.66 1.74 1.81 1.88 9 1.52 1.61 1.70 1.78 1.85 1.92 10 1.56 1.65 1.74 1.82 1.89 1.96 11 1.60 1.69 1.78 1.86 1.93 2.00 12 1.64 1.73 1.82 1.90 1.97 2.04 13 ‐‐ ‐‐ ‐‐ 1.94 2.01 2.08 MARIN COUNTY OFFICE OF EDUCATION TEACHERS’ SALARY SCHEDULE 2023 – 2024 EFFECTIVE JULY 1, 2023 TRAINING LEVEL CLASS Exhibit A STEP I II III IV V VI A.B. A.B. + 15 A.B. + 30 M.A. or A.B. + 45 M.A. + 15 or A.B. + 60 M.A. + 30 or A.B. + 75 1 58,024 63,246 68,468 73,110 77,172 81,234 2 62,666 67,888 73,110 77,752 81,814 85,876 3 67,308 72,530 77,752 82,394 86,456 90,517 4 71,950 77,172 82,394 87,036 91,098 95,159 5 75,431 80,653 85,876 90,517 94,579 98,641 6 78,913 84,135 89,357 93,999 98,061 102,122 7 82,394 87,616 92,838 97,480 101,542 105,604 8 85,876 91,098 96,320 100,962 105,023 109,085 9 88,196 93,419 98,641 103,283 107,344 111,406 10 90,517 95,740 100,962 105,604 109,665 113,727 11 92,838 98,061 103,283 107,925 111,986 116,048 12 95,159 100,382 105,604 110,246 114,307 118,369 13 ‐‐ ‐‐ ‐‐ 112,567 116,628 120,690 Article 9 of the Collective Bargaining Contract/Agreement specifies initial placement and advancement on the salary schedule.
Sample 1
SALARY COMPUTATION. Base Salary: Experience inside system: Step: Experience outside system: Professional Growth: Increments Hours: Extra Duty Assignment: Summer Work: Longevity: Total:
Sample 1

Examples of SALARY COMPUTATION in a sentence

  • SALARY COMPUTATION The District adopts the school calendar that determines the number of days an employee is required to be in attendance.

Related to SALARY COMPUTATION

  • 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.

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

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’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 the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Basic Compensation means Salary and Benefits.

  • 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.

  • Final compensation of a member means:

  • Annual Salary means the salary given under this Part.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • 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)):

  • Current Annual Compensation means the greater of:

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • 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.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Creditable compensation means the full compensation payable annually to an employee working

  • 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.

  • 415 Compensation means:

  • 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.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

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

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • 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.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.