Basic Monthly Pay definition

Basic Monthly Pay means the Employee's monthly salary provided for in Article 8 of this Agreement.
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Basic Monthly Pay means the employee's monthly salary provided for in Appendix I of this Agreement, but does not mean monthly compensation.
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Basic Monthly Pay means the employee's monthly pay provided for in Appendix I, II and III of this Agreement. Basic Monthly Pay includes an amount to compensate an Employee for his or her 24-hour duty allowance as provided for in Article 15 of this Agreement, his or her Preparation Pay as provided for in Article 45 of this Agreement, and his or her First Responder and First Aid Training Allowance as provided in Article 16 of this Agreement.
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Examples of Basic Monthly Pay in a sentence

  • Hired After January 1, 2006: In addition to the monthly pay prescribed elsewhere in this contract any full-time and permanent Employee shall receive, an amount equal to two and one-half percent (2.5%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • In addition to the monthly pay prescribed elsewhere in this contract, and effective January 1, 2008, any full-time and permanent Employee shall receive an amount equal to one percent (1%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • Effective January 1, 2015, Basic Monthly Pay shall be increased by 2.25%; effective January 1, 2016, Basic Monthly Pay shall be increased by 2%; and effective January 1, 2017, Basic Monthly Pay shall be increased by 2.25%.

  • Effective January 1, 2017, Basic Monthly Pay shall be increased by 2.5% as indicated in Appendix III.

  • Effective January 1, 2024, Basic Monthly Pay shall be increased three and one-half percent (3.5%).

  • Effective August 1, 1999 for disabilities commencing on or after that date, the maximum "Basic Monthly Pay" covered by the plan is fifty-two hundred dollars ($5,200.00).

  • Effective January 1, 2016, Basic Monthly Pay shall be increased by 2.5% as indicated in Appendix II.

  • Such additional amount of money in the Basic Monthly Pay shall be equal to four and one-half percent (4.5%) of the Employee's basic monthly pay computed to the nearest dollar.

  • In addition to the monthly pay prescribed elsewhere in this contract, and effective January 1, 2008, any full-time and permanent Employee shall receive, monthly, an amount equal to one percent (1%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • Effective January 1, 2023, Basic Monthly Pay shall be increased two percent (2%).

Related to Basic Monthly Pay

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Monthly Period means the period from and including the first day of a calendar month to and including the last day of such calendar month.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • basic pay means the rate of pay negotiated by the parties to this agreement, including add-to-pay resulting from salary protection;

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).