TEC Package definition
TEC Package means your Total Employment Cost package offered in accordance with clause 1.4.1 and consists of notional salary and superannuation.
TEC Package means the monetary and non-monetary entitlements detailed at Clause 11.
Examples of TEC Package in a sentence
In consideration of performing the Duties, the Chief Executive Officer is entitled to an initial TEC Package of [INSERT AMOUNT $ includes salary, superannuation and vehicle] per annum as outlined in Schedule 2.
For TEC Employees, until the nominal expiry date of this Agreement, where there is an increase in minimum superannuation guarantee contributions required by law, ANZ will provide the increase in addition to rather than from within the TEC Employee’s TEC Package.
An increase to the total TEC Package and Market- rated Salary budget of 4%.
The TEC Package is in full compensation for all entitlements and hours of work performed.