Salary Savings Sample Clauses

Salary Savings. It is the express intention of the parties that all salary savings which result from the termination of unit members’ employment, whether as a result of resignation, retirement, death, or otherwise, shall be retained by the Board and shall not serve to increase the salary increases provided for herein except for those in Sections 2(a), 2(b), 3(a), 3(b) and 7.
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Salary Savings. 2005-06 After consideration for replacement costs, net salary schedule savings (decrements) realized from unit members’ retirements, resignations and changes to categorically funded assignments which occur in 2005-06 may be used to:
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Salary Savings. When authorized by the State Court Administrator, salary savings leave may be granted providing that the Employer or designee shall not hire a replacement for an Employee on temporary leave. An Employee on temporary leave (not to exceed sixty (60) days), shall if otherwise eligible, continue to accrue vacation leave, sick leave, and seniority, and shall continue to be eligible for paid holidays and insurance benefits provided that any holiday pay shall be included in the first paycheck received following the Employee’s return from leave.
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Salary Savings. Any net salary savings after replacement costs are considered which are realized from unit member retirements or resignations which occurred in 2010-11 may be used to:
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Salary Savings. Contributions; (2) 401(a) Employer Contributions; (3) 401(k) Employer Contributions; (4) 401(k) Match Contributions; (5) 401(a) Match Contributions; (6) After-Tax Contributions; (7) Tax Deductible contributions; and (8) Rollover Contributions. Each separate account shall be credited with the applicable contributions, earnings and losses, distributions, and other applicable adjustments. Additionally, there will be separate accounts for After-Tax Contributions made before 1987, and those made after 1986, if the Employer has so elected in the Adoption Agreement.
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Salary Savings. While there are no actual existing measures of increased effectiveness for the Oz products (since the products are still in the development stage), there are strong inferences for the potential value of the Oz products to be found in studies on the use of interactive videodisc technology in training and education. Interactive videodisc technology could be called another form of computer-based training, since a computer is used to direct the operations of a videodisc player. Interactive video will also be available as a separate feature of EduSpace and will be integrated into the system through existing multimedia software packages. These existing packages are already beginning to show productivity improvements. As a result, the following discussion on increased effectiveness will apply directly to the Oz products. The training world has divided video interactivity into three levels described below:
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Salary Savings. 1. In addition to the regular salary savings scheme, the employee may deploy vacation hours to finance salary savings, in compliance with the provisions of the SNT salary savings scheme, in observance of the fiscal maximum.
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Salary Savings. Xxxxxx Xxxxxxxx L.L.P. Seattle, WA 0000 Xxxxx Xxxxxx, Xxxxx 0000 Xxxxxx Xxxxxxxx L.L.P. New York, NY 000 Xxxxxxxx, 0xx Floor Xxxxxx Xxxxxxxx P.L.C. Phoenix, AZ 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 0000 ERISA LITIGATION GROUP Plan. On June 17, 2003, Judge Xxxxxx Xxxx denied in part Defendants’ motions to dismiss. See In re WorldCom, Inc. ERISA Litig., 263 X. Xxxx. 2d 745 (S.D.N.Y. 2003), and on October 4, 2004, granted Plaintiffs’ motion for class certification. See In re WorldCom, Inc. XXXXX Xxxxx., 2004 WL 2211664 (S.D.N.Y. Oct. 4, 2004). Settlements providing for injunctive relief and payments of over $48 million to the plan were approved on October 26, 2004 and November 21, 2005.
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Salary Savings. Each employee may request the Director Finance, on a form to be provided by the City, to deduct a specified amount from the bi-weekly salary and to pay the amount so deducted to a savings account with Canada Trust, 000 - 0xx Xxxxxx, Xxx Xxxxxxxxxxx. The subsequent disposition of the account shall be at the discretion of the employee by arrangement with Canada Trust. New requests, changes, or cancellations of salary savings deductions may be made to the Director Finance at any time prior to October 15 of each year, to become effective commencing the first pay period in November.
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Related to Salary Savings

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Tax Savings If, by reason of any payment made, or events giving rise to such payment, to or for the account of any Tax Indemnitee by Lessee pursuant to Section 39(a) or 39(b), such Tax Indemnitee at any time realizes a reduction in any Taxes or receives a refund which was not taken into account previously in computing such payment by Lessee to or for the account of the Tax Indemnitee, then the Tax Indemnitee will pay to Lessee an amount equal to such actual reduction in Taxes or such refund (including interest received), plus the amount of any additional reduction in Taxes of the Tax Indemnitee attributable to the payment made by the Tax Indemnitee to Lessee pursuant to this sentence; provided, however, that (A) the Tax Indemnitee will not be obligated to make such payment with respect to any net Tax savings or refund to the extent that the amount of such payment would exceed the excess of (x) all prior indemnity payments (excluding costs and expenses incurred with respect to contests) made by Lessee over (y) the amount of all prior payments by the Tax Indemnitee to Lessee; provided, that any such excess tax savings realized (or deemed realized) by such Tax Indemnitee which are not paid to Lessee as a result of this subclause (A) will be carried forward and reduce Lessee's obligations to make subsequent payments to such Tax Indemnitee pursuant to Section 39 of this 84 Agreement; and (B) if any such Tax savings or refund realized by such the Tax Indemnitee, or any tax savings taken into account for purposes of determining "After-Tax Basis" will be lost or otherwise determined to be unavailable, such lost or otherwise unavailable Tax savings or refund will be treated as a Tax for which Lessee must indemnify the Tax Indemnitee pursuant to Section 39(a) or 39(b), as the case may be (without regard to the exceptions in Section 39(a)(4) and Section 39(b)(2) other than Section 39(a)(4)(iii), 39(a)(4)(iv), 39(b)(2)(iii) and 39(b)(2)(ix)). For purposes of this Section 39(c), each Tax Indemnity is assumed to be taxable at the Assumed Rate and an Inclusion is assumed to be taxable at the actual rate.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • EMPLOYEE CONTRIBUTIONS (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Usury Savings This Agreement, the Note and the other Loan Documents are subject to the express condition that at no time shall Borrower be obligated or required to pay interest on the principal balance of the Loan at a rate which could subject Lender to either civil or criminal liability as a result of being in excess of the Maximum Legal Rate. If, by the terms of this Agreement or the other Loan Documents, Borrower is at any time required or obligated to pay interest on the principal balance due hereunder at a rate in excess of the Maximum Legal Rate, the Interest Rate or the Default Rate, as the case may be, shall be deemed to be immediately reduced to the Maximum Legal Rate and all previous payments in excess of the Maximum Legal Rate shall be deemed to have been payments in reduction of principal and not on account of the interest due hereunder. All sums paid or agreed to be paid to Lender for the use, forbearance, or detention of the sums due under the Loan, shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term of the Loan until payment in full so that the rate or amount of interest on account of the Loan does not exceed the Maximum Legal Rate of interest from time to time in effect and applicable to the Loan for so long as the Loan is outstanding.

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