Grandfathered salary schedule definition

Grandfathered salary schedule means the salary schedule or schedules adopted by a district school board before July 1, 2014, pursuant to subparagraph 4.
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Grandfathered salary schedule means the salary schedule or schedules adopted by a local board of education before May 1, 2013, pursuant to Section 3;
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Grandfathered salary schedule means the salary schedule or schedules adopted by a district school board before May 1, 2015, pursuant to subsection (G).
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Examples of Grandfathered salary schedule in a sentence

  • The Grandfathered salary schedule consists of fractionalized and equally indexed steps according to the Instructional Salary Schedule, Article XI.A.

  • The Performance salary schedule is identical to the Grandfathered salary schedule.

  • Instructional staff on the Grandfathered salary schedule have four additional pay groups on the salary schedule: Bachelors + 30, Masters, Masters + 45 and Doctorate.

  • Salary adjustment shall be determined based upon a fixed amount for every third step attained on the Grandfathered salary schedule.

  • For the purpose of this plan, Assistant Principals promoted to the position of Principal on or after July 1, 2014 shall be regarded as a newly hired Principal.Principals and Assistant Principals employed on or prior to June 30, 2014 will remain on the Grandfathered salary schedule.

  • Changes to the Grandfathered salary schedule will be made as follows: The cell amounts for the Grandfathered Bachelors steps 0 through 8 will be increased by $1,217.

  • Salary for School Based Administrators on the Grandfathered salary schedule will progress subject to Board approval.

  • Salary adjustments negotiated to the Grandfathered salary schedule during a transition period will be followed by four category assignments: Levels A-Q; Level R; Level S; and Longevity Level A.

  • Please see Appendix C for ACCESS Plan salary ranges and equivalent levels to the Grandfathered salary schedule.

  • This is one of the most competitiv e starting salaries in the state‡ Teachers on the Grandfathered salary schedule receiv e a 4% salary increase‡ Teachers on the Pay for Performance salary schedule who are rated Highly Effectiv e receiv e a 5% salary increase.


More Definitions of Grandfathered salary schedule

Grandfathered salary schedule means the salary schedule or schedules adopted by a local board of education before May 1, 2014, pursuant to subsection (b);
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Related to Grandfathered salary schedule

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Salary reduction plan means a benefit plan whereby state and

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Termination Benefit means the benefit set forth in Article 7.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Extended benefit period means a period which:

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Section 415 Compensation means:

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.