Median salary definition

Median salary means a salary set at the 50th percentile of the reference market.
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Median salary means a salary set at the 50th percentile of the comparison group.
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Examples of Median salary in a sentence

  • Our School’s results for NAPLAN are uploaded to the My School website for viewing and a hard copy is sent to the school and to parents indicating the performance of each student, as well as the overall cohort’s performance.

  • Median salary for exempt employees in higher education are detailed in CUPA-HR’s salary survey and this related article http://chronicle.com/article/Median-Salaries-of/228735?cid=megamenu#rp.BACKGROUNDOn March 13, 2014, President Barack Obama issued a memorandum directing the Secretary of Labor to make changes to the regulations governing exemptions to the FLSA’s overtime pay requirements for executive, administrative and professional employees (known as the EAP or white collar exemptions).

  • Median salary tops $100,000 (US BLS) with experience and full certification.

  • This record of success was built on:n supporting the promotion of over 40,000 new jobs – smashing the target of 25,000;n £2.9 billion of investment – almost three times the target of £1bn;n £585 million on research and development investment – almost double the target of £300m andn 72% of new jobs supported under the Rebuilding Our Economy Programme have been above the Northern Ireland Public Sector Median salary.

  • This system provides an analytical approach to evaluating the job value, through allocating points to different components of the role, the total score of which equates to a grade within the Council’s pay and grading structure.The rates for Group Managers, Section 151 Officer, Deputy Chief Executives and Chief Executive were reviewed in 2016 when spot salaries based on the Local Authority SW Median salary were introduced.

  • District Overview (2012-13):Total Enrollment: 2 Per pupil allocation should include all sources of funds (including local operating, state, federal and private funds).3 Review category includes “Review” and “Focus” schools.4 Median salary should reflect the median for all certified staff.

  • Median salary for exempt employees in higher education are detailed in CUPA-HR’s salary survey and this related article http://chronicle.com/article/Median-Salaries-of/228735?cid=megamenu#rp.SUMMARY The FLSA requires employers to pay their employees at least a minimum hourly wage, which is set by the statute, and an “overtime” rate of 1.5 times the employee’s regular hourly wage for every hour the employee works over 40 hours in a given week.

  • This system provides an analytical approach to evaluating the job value, through allocating points to different components of the role, the total score of which equates to a grade within the Council’s pay and grading structure.The salaries for Heads of Service, Monitoring Officer, Section 151 Officer, Assistant Chief Executive Officers, Deputy Chief Executive and Chief Executive are spot salaries based on the Local Authority Southwest Median salary.

  • Joint Negotiating Committee for Local Authority Chief Executives – National Salary Framework and Conditions of Service Handbook, updated September 2009, p.19.61 Median salary for 2010-2011 in England, http://www.incomesdata.co.uk/news/press-releases/NHS- boardroom-pay-2012.pdfPART B: A NEW REMUNERATION PACKAGEThis part sets out options for the new remuneration package for MPs, which we expect to introduce after the next election (expected in 2015).

  • Median salary in 2014 in the private sector from the University of Minnesota was $110,000.

Related to Median salary

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Salary as defined in Section 3.1(a).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Annual Salary means the salary given under this Part.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Final average salary means whichever of the following is greater:

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Final Salary means the average annual salary for service for which

  • Annual Compensation means an amount equal to the greater of:

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Current Annual Compensation means the greater of:

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).