Salary Formula definition

Salary Formula. Should the audited Fall count in each of the respective years be equal to or greater than the audited Fall count for the previous fiscal year (inclusive of the district’s shared time enrollment), the Salary Schedule will be adjusted to reflect the true, net” percentage increase to the District’s state school aid foundation allowance from the previous school year’s, less one-half percent, but in no case will the percentage increase be higher than 2.0%. The “true, net” percentage increase will be defined and calculated by determining and considering the state aid funding components the Michigan state legislature utilizes to arrive at the foundation allowance increase. The timing of the payment of the increment will be dependent
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Salary Formula. Temporary Unit Members in Noncredit Semester Program 8
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Examples of Salary Formula in a sentence

  • The interest referred to in "Salary Formula" Sections (ii) and (iv), when paid, will be viewed as normal remuneration in the hands of the employee and not as interest income, and the tax to be withheld by the Board shall be based on the amount actually paid to the employee.

  • The interest referred to in "Salary Formula" Sections (ii) and (iv), when paid, will be viewed as normal remuneration in the hands of the employee and not as interest income, and the tax to be withheld by the Employer shall be based on the amount actually paid to the employee.

  • Up to 60% of Adjusted Base Salary; Formula to ------------------- approximate that of other senior executive officers.

  • The Extracurricular Salary Formula, Schedule, and Contract shall be as set out in Attachment (A)(2) hereto.

  • During the term of this Agreement, teachers will be paid pursuant to the following Salary Formula Model.

  • All Convertible Debentures surrendered upon any exchange or transfer provided for in this Indenture shall be promptly cancelled by the Trustee and the Trustee will deliver a certificate of cancellation thereof to the Company.

  • The interest referred to in "Salary Formula" sections (b) and (d), when paid, will be viewed as normal remuneration in the hands of the employee and not as interest income, and the tax to be withheld by the Board shall be based on the amount actually paid to the employee.

  • For example, if the district receives a gross $75 per pupil (PP) increase to the foundation allowance in a given year but the state reallocates a portion(s) of the district’s existing state funding (Best Practices revenue goes from $50 in 2014-15 to $20 in 2015-16), the Salary Formula calculation will utilize the true, net increase to the foundation allowance of $45 ($75 increase less $30 pp reduction to BP funding).

  • Up to 40% of Adjusted Base Salary; Formula to ------------------- approximate that of other senior executive officers.

  • Supplemental day(s) are not transferable and are included in the Salary Formula Costs.