Percentage pay Sample Clauses

The Percentage Pay clause defines how payments are calculated as a percentage of a specified amount, such as total project cost, revenue, or another agreed-upon base. In practice, this means that the party receiving payment will earn a proportionate amount based on the actual figures, which can fluctuate depending on project scope or performance. This clause ensures that compensation is aligned with outcomes or scale, providing fairness and flexibility in financial arrangements.
Percentage pay. Those who are paid according to a percentage scale shall be paid hourly remuneration based on their average income, excluding supplements for overtime and public holidays/feasts, in the last calendar year for the relevant division in the enterprise. The amount shall be determined every January by agreement between the enterprise and the shop stewards and shall be applicable for the current calendar year. The parties particularly draw attention to the provisions in § 5-10 of the Basic Agreement, stipulating that a shop ▇▇▇▇▇▇▇ shall not be given a warning in writing on grounds of exercise of his/her office without due reason.
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Percentage pay. Those who are paid according to a percentage scale shall be paid hourly remuneration based on their average income, excluding supplements for overtime and public holidays/feasts, in the last calendar year for the relevant division in the enterprise. The amount shall be determined every January by agreement between the enterprise and the shop stewards and shall be applicable for the current calendar year. 1. The parties have agreed to intensify work to obtain local agreements that give shop stewards time and opportunity to carry out their duties as shop stewards. In response to the National Collective Agreement, § 1, subsection 2, relating to the right to organise, the United Federation and NHO Reiseliv have agreed on the following to amplify the provisions of the Basic Agreement: The organisations would stress how important it is that more and more decisions are made at the individual enterprise. To enable this to take place in the best possible way, the organisations are prepared to provide extended advisory services in connection with local agreements regarding time for shop stewards. Reference is made to § 5-6 of the Basic Agreement in this connection. 2. As a supplement to Chapter IX of the Basic Agreement, the shop stewards and management of the enterprise should hold a meeting at least once a quarter, at which they should review and discuss working conditions for shop stewards and the employees and conditions at the enterprise in general, including the financial situation and progress of the enterprise. The parties agree regarding the importance of good cooperation between shops stewards and management, regardless of the size of the enterprise. Respect for the freedom to organise and for the shop stewards’ duties and work are of great importance for both parties. The shop stewards’ working conditions and working environment must be in accordance with the provisions of the Working Environment Act and of the Basic Agreement. Guidelines for the manner in which any personal conflicts shall be resolved, shall be drawn up through the HSE work at the enterprise. The parties particularly draw attention to the provisions in § 5-10 of the Basic Agreement, stipulating that a shop ▇▇▇▇▇▇▇ shall not be given a warning in writing on grounds of exercise of his/her office without due reason. Upgrading pay for the lowest paid groups in the trade must be an objective. Everyone at the enterprise should work jointly to increase productivity. An increase in productivity ...
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Related to Percentage pay

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $3,000,000.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Base Pay The Company agrees to pay Executive gross annual compensation of $240,000 (“Base Salary”), less usual and customary withholdings, which shall be payable in arrears in accordance with the Company’s customary payroll practices. The Base Salary will be subject to normal periodic review, and such review will consider Executive’s contributions to the Company and the Company’s overall performance.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.