Fixed monthly compensation Sample Clauses

Fixed monthly compensation. It can be agreed that additional work and overtime can be compensated with a sepa- rate, specifically determined, fixed monthly compensation. The compensation shall be agreed in a target/performance assessment between the individual in question and their supervisor, consulting the unit’s head of HR. The agreement should be made in writing and indicate the grounds for compensation and the amount. If the circum- stances during the period specified in the agreement are significantly altered, each party may request a new negotiation on the contents of the agreement.
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Fixed monthly compensation. It may be agreed with a senior salaried employee that addition- al work, overtime work and Sunday work is compensated for with a separate fixed monthly compensation based on the estimated amount of such work. Entry in the minutes: If necessary, the fixed monthly compensation may be adjusted. Annual leave and flexible leave ANNUA L LEAV E AN D FLEXIBL E LEAVE 9 Annual leave
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Related to Fixed monthly compensation

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Salary Computation The regular salary for each employee shall be based on the actual number of days or hours worked in the pay period, including authorized absences with pay, multiplied by the employee's daily or hourly rate. Such payments shall not exceed the biweekly rate as determined by the employee's range and step.

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

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