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.

  • Calculations of Target Awards for a Performance Period shall initially be based on a Participant’s Salary Points as of January 1st of the first year of the Performance Period.

  • 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.

  • 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 $1,222 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.

  • 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 Xxxx’x Discretionary Salary Points of 0.2.

  • 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 2018-19, 2019-20, 2020-21, and 2021-22.

  • The Committee shall determine the restriction period that shall apply to Award Shares based on a Participant’s Salary Points.

Related to Salary Points

  • Annual Salary means the salary given under this Part.

  • 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.

  • Salary as defined in Section 3.1(a).

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’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 Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

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

  • 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.

  • Final average salary means whichever of the following is greater: