The Compensation Model Sample Clauses

The Compensation Model. The Model applies to all certificated staff members. The Compensation Model is determined by factors that would not yield deficit financing per IC 20-29-6-3. The contract term will follow the identified fiscal year and cannot extend past the state budget biennium. Per IC 20-28-9-1.5 NISEC will use Performance Evaluation results and Academic Needs in determining base salary increases for the 2021-2022 school year.
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The Compensation Model. The Model applies to all certificated staff members. Increases for certificated staff may be in the form of stipends increases in salaries, or a combination of both. The Compensation Model is determined by factors that would not yield deficit financing per IC 20-29-6-3. The contract term will follow the identified fiscal year and cannot extend past the state budget biennium. Per IC 20-28-9-1.5 NISEC will use Performance Evaluation results and Experience/Education in determining the Compensation Increase for the 2015-2016 school year. Base Salary. Base salary range starts at $33,926 for a Bachelors and $75,500 for an Ed.S./Ph.D with the highest base. Compensation. Base salary increase or stipend (not to be a reoccurring cost on the base salary) Performance Evaluation. The final categorization (highly effective, effective, improvement necessary, ineffective) given to each staff member is based on the evaluation tool as defined by the NISEC Board of Managers. Performance Evaluation: Certified staff rated as Highly Effective or Effective will receive four (4) points. Experience: Certified staff rated as Highly Effective or Effective and who worked at least one hundred twenty (120) days during the previous school year will receive one half (.5) of a point. Education: Certified staff rated as Highly Effective or Effective who have earned:
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Related to The Compensation Model

  • SALARY AND COMPENSATION ARTICLE 56

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • 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.

  • TEACHER COMPENSATION Section A: Definition and Placement Paragraph 1: Each teacher employed by the Board shall be compensated for the professional services which he/she renders during the professional days for the term of a contract year. This compensation shall be termed salary and the amount of such salary each teacher receives for a contract year shall be deter- mined by his/her placement on the Teachers Salary Schedule (Section B, Para- graph 1 of this Article).

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Compensation Table Attachment C of each Approved Service Order is a compensation table setting forth the manner in which the City will pay the Maximum Service Order Compensation (“Compensation Table”). Each Compensation Table is subject to the terms and conditions set forth below in Subsections 10.4 through 10.7.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

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