Salary Points definition

Salary Points means the salary points assigned to a Participant by the Committee pursuant to the Hay salary point system, or any successor salary point system adopted by the Committee.
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Salary Points means the salary points assigned to a Participant by the Committee for the applicable Performance Period pursuant to the Hay salary point system, or any other salary point system used by the Committee.
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Examples of Salary Points in a sentence

  • For any Member, the total Salary Points awarded (i.e., BSP + DSP) may not exceed 6.00.

  • For any Member, the total Salary Points awarded may not exceed 4.00.

  • A Member assigned a PAI of less than 1.00 will receive 0.00 Salary Points and no PLCP-derived salary increment.

  • A total number of Salary Points (SP) equal to the number of Probationary, Term and Continuing Members (converted to Full-Time equivalents) multiplied by 1.70 shall be distributed in each.

  • At $1,222 per point, 1.419 Salary Points (calculated as (109,734-108,000) ÷ 1,222) would be required to increase the Member’s salary to the breakpoint of $109,734.

  • A total number of Salary Points (SP) equal to the number of Probationary, Tenured, Continuing Status and Limited-Term Members (converted to Full-Time equivalents) multiplied by 2.40 shall be distributed in each of 2022-23, 2023-24, 2024-25, and 2025-26.

  • Members who have not had a Full-Time Appointment for more than three months within the assessment period shall receive the average Basic Salary Points of 2.2 plus the ▇▇▇▇’▇ Discretionary Salary Points of 0.2.

  • Since the Member is awarded 2.4 Salary Points, 0.981 Salary Points remain, and these are applied at a value of $924 per point.

  • At $1,546 per point, 1.063 Salary Points (calculated as (132,644 -131,000) ÷ 1,546) would be required to increase the Member’s salary to the breakpoint of $132,644.

  • A total number of Salary Points (SP) equal to the number of Probationary, Tenured and Limited-Term Members (converted to Full-Time equivalents) multiplied by 2.40 shall be distributed in each of 2014-15, 2015-16, 2016-17, and 2017-18.

Related to Salary Points

  • Annual Salary means the salary given under this Part.

  • 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.

  • 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.

  • Salary range is the range of rates between, and including, the minimum and maximum rate currently authorized for the class;