SALARY AND RELATED BENEFITS Clause Examples

SALARY AND RELATED BENEFITS. A. Salary B. Career Incentive C. Definition of Full Year Employment D. Daily Rate of Pay E. Shift Differential F. Supplements
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SALARY AND RELATED BENEFITS. The person on sabbatical leave of absence shall receive one-half of the salary he/she would have received as a regular employee during the period he/she is on sabbatical leave. A sabbatical leave granted to an employee shall also operate as a leave without pay from all other school activities. Employee benefits will continue to be provided during the period of sabbatical leave. Employees on sabbatical leave are expected to devote their primary efforts to fulfilling the purposes for which leave is requested. Employees on sabbatical leave may receive an educational grant for further study from an institution of learning. Employees on sabbatical leave shall be entitled to tuition reimbursement benefits. An employee on sabbatical leave for professional development may request pre-approval of the Executive Director at his discretion for reimbursement of credits beyond the maximum number as provided in Article 11. The person on sabbatical leave shall continue his/her membership in the Public School Employees’ Retirement System. The Bucks IU shall pay into the retirement fund the full amount required by law on the employee’s full salary. The amount of contribution required to be paid by the employee shall be deducted from any compensation payable to the employee while on leave.
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SALARY AND RELATED BENEFITS. 6.1 In return for fulfilling his Position and all his other duties according to this Agreement, the Employee will receive a global salary as detailed in Appendix A to this Agreement (hereinafter: "the Salary"), which specifies the salary and other benefits which the Employee will receive and which represents a notice of the Employee's employment terms based on the Employee Notification Law, 2002. It is hereby clarified that the Salary constitutes a gross overall salary and the Employee will not be entitled to any additional payment and/or benefit other than the Salary, unless explicitly stated otherwise in this Agreement and in Appendix A hereto. 6.2 The Salary will be paid no later than the ninth of each month for the previous month and after the deduction of taxes, social benefits and other mandatory fees applicable to the Employee and payments that are deducted at the Employee's consent. 6.3 The Parties agree that effective from the date of this agreement, the Parties will adopt the general approval of employers' contributions to pension funds and insurance funds instead of severance pay according to Article 14 to the Law, as issued in the official records No. 4659 of June 30, 1998, hereby attached to the labor contract as Appendix C, which will apply during the Employee's employment term from the date of this agreement onwards.
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Related to SALARY AND RELATED BENEFITS

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Accrued Benefits The Executive’s “Accrued Benefits” shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any cash bonus or cash incentive compensation plan applicable to the Executive, but subject to any irrevocable deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any cash bonus or cash incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(e) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs to the extent necessary for compliance with the requirements of Code Section 409A(a)(2)(B) relating to specified employees or, to the extent not so required, within ninety (90) days of the Executive’s Separation from Service.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Covered Benefits Benefits for Bone Mass Measurement for the prevention, diagnosis, and treatment of osteoporosis are covered when requested by a Health Care Provider for a Qualified Individual.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.