Weekly Salary definition

Weekly Salary means bi-weekly salary divided by two (2);

Weekly Salary means the Base Salary divided by fifty-two. "Monthly Salary" shall mean Base Salary divided by 12.

Weekly Salary means with regard to a Participant, the weekly rate of pay for services paid by the Employer to the Participant at the time of his or her Termination of Employment from the Employer, as reflected in the Employer’s payroll records. The Weekly Salary of a Participant whose rate of pay for services paid by the Employer to the Participant is based on an annual rate shall be equal to 1/52 of such annual rate at the time of his or her Termination of Employment from the Employer, as reflected in the Employer’s payroll records. Weekly Salary shall not include commissions, bonuses, overtime pay, incentive compensation, benefits paid under any qualified plan, any group medical, dental or other welfare benefit plan, non-cash compensation or any other additional compensation but, shall include any salary reduction contributions to a plan maintained pursuant to Code Section 401(k), 125 or 132(f) and amounts reduced pursuant to a nonqualified elective deferred compensation arrangement, if any, to the extent that in each such case the reduction is to base salary.

Examples of Weekly Salary in a sentence

• Part-time employees who elect not to participate in the group insurance plan are not eligible for Life Insurance or Weekly Salary Indemnity Coverage.

• Overtime for each hour in excess of 55 will be paid at 1/25th of Weekly Salary per hour or part thereof.

• For any purpose for which a standard hourly rate may be required there shall be established for each Standard Weekly Salary rate a corresponding equivalent standard hourly salary rate by dividing the Standard Weekly Salary rate by 37.5 hours.

• All severance payments shall be calculated based upon the Salaried Employee’s Weekly Salary Rate.

• If the Weekly Salary Rate, Years of Service, or any other relevant fact relating to the determination of the Plan benefit is found to have been misstated or mistaken for any reason (fact or law), the Plan benefit payable will be the Plan benefit that would have been provided on the basis of the correct information.

• Employer shall make no individual contracts at salaries less than the following weekly minimum scale: Effective Date Weekly Minimum Salary Scale Minimum Increase In Musician's Weekly Salary October 1, 2002 $1,705 $5 October 1, 2003 $1,756 $51 The above weekly minimum salaries include Electronic Media Guarantee payments of $75 per week.

• Descriptive Statistics Median1990 1995 2000Minimum Weekly Salary: Median1.141.14Ratio of average to minimum Salary: Median424242Mean434344Coeff.

• SCHEDULE OF BENEFITS Maximum Benefit any one BeneficiaryBenefits A1 to 4 GBP50,000Benefit B GBP1,250 per week not exceeding 35% of top scale Chief Inspectors Weekly Salary Maximum Accumulation LimitAny one Conveyance GBP5,000,000Any one Accident GBP5,000,000 The Insurers shall not be liable for any amount in excess of the above stated Maximum Accumulation Limit.

• It is understood that an employee who receives less income while working outside the Company than the employee’s employment security salary will have such income topped off to equal 90% of their Basic Weekly Salary.

• There is a 75% probability that the person will meet the target.Contract C: Weekly Salary = $400.

More Definitions of Weekly Salary

Weekly Salary means your Salary divided by 52.1428. 121. ‘Hourly Rate’ and ‘Weekly Rate’ have the following meanings depending on whether you are being paid:

Weekly Salary means annual salary divided by fifty two (52);

Weekly Salary means the average of the gross annual salary for the two (2) years immediately preceding the year in which the Total Disability occurred divided by one-hundred-four (104).

Weekly Salary means the amount equal to the Annual Base Salary divided by 52.