Salary Anniversary Date definition

Salary Anniversary Date means the effective date of appointment, promotion, demotion, or reclassification, if such is the first working day of a biweekly pay period. If the appointment is effective on a date other than the first working day of a biweekly pay period, the salary anniversary date shall be the first day of the biweekly pay period following such appointment.
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Salary Anniversary Date means the effective date of appointment, step increase, promotion, demotion, or reclassification if such is the first working day of a biweekly pay period. If the appointment, as defined below, or an annual step increase, is effective on a date other than the first working day of a biweekly pay period, the salary anniversary date shall be the first day of the biweekly pay period closest to the appointment date. The effective date of any change occurring in connection with Article 13 shall be the first day of the biweekly pay period in which the change occurs.
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Salary Anniversary Date. The date on which an employee is granted an earned salary increment.
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Examples of Salary Anniversary Date in a sentence

  • In this instance, the employee’s Salary Anniversary Date (SAD) will be the 1st day of the month following said successful performance evaluation.

  • The employee’s Salary Anniversary Date (SAD) will be the 1st day of the month following his/her SCD, unless specifically stated otherwise.

  • Salary Anniversary Date (SAD) delays for receiving less than a “meets standard” performance evaluation will be computed as follows: each month beyond the current SAD the employee does not have at least a “meets standards” performance evaluation will permanently reduce an employee’s SAD by one month (i.e. move the SAD forward one month).

  • The employee’s Salary Anniversary Date (SAD) will be the 1st day of the month following his/her SCD (instead of position date or hire date).

  • Salary Anniversary Date (SAD) delays for receiving a less than a “meets standard” performance evaluation will be computed as follows: each month beyond the current SAD the employee does not have at least a “meets standards” performance evaluation will permanently reduce an employee’s SAD by one month (i.e. move the SAD forward one month).

  • Salary Anniversary Date – The date when an employee may be entitled to a step increase on the pay band when they have completed 12 months of service either continuously or cumulatively.

  • Employees hired on or after 7/1/2013 will adhere to the following provisions in Article 11 Section 11.16 Salary Anniversary Date (SAD) For Merit Index Rate Adjustments and Section 11.18 Performance Based Merit Delay.

  • For a small incident, the principal may perform all roles of the ICS structure.

  • The Council have been asked if it can give approval for the planning of a commemorative tree for the RBL on the triangular area of grass located at the junction of Tenpenny and Watling Lane.

  • The employee’s Salary Computation Date (SCD) and his/her Salary Anniversary Date (SAD) will not be affected by the application and/or removal of a Y-rate.


More Definitions of Salary Anniversary Date

Salary Anniversary Date is determined to be when an employee is granted an earned 13 salary increment which includes step advancement, promotion, demotion, or 14 reclassification.
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Related to Salary Anniversary Date

  • Anniversary Date means each anniversary of the Closing Date.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Base Period Income is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • 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.

  • 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.

  • Scheduled Commitment Termination Date means, unless otherwise extended pursuant to and in accordance with Section 2.14, the Payment Date occurring in May 2024.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

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

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • 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.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Extended benefit period means a period which:

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Plan Termination Date means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board pursuant to Section 15 hereof.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.