Administration of Compensation Plan Clause Samples

The 'Administration of Compensation Plan' clause defines how the compensation plan is managed and overseen within an organization. Typically, this clause designates a specific individual or committee—such as the HR department or a compensation committee—as responsible for interpreting, implementing, and making decisions regarding the plan's provisions. It may also outline procedures for resolving disputes or making amendments to the plan. The core function of this clause is to ensure consistent and authoritative administration of the compensation plan, thereby reducing ambiguity and providing a clear process for handling compensation-related matters.
Administration of Compensation Plan. (a) Rates of Pay. Each employee shall be paid at one of the rates in the salary range for the class in which he/she is employed.
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Administration of Compensation Plan. A. Staff members who are required by their supervisor to participate in due process preparation or testimony outside the contracted workday will be paid $25.00 per hour. Any portions of this provision unrelated to wages are PCES policy, not bargained and included for informational purposes only B. Summer school employees issued a Supplemental Service Teacher’s Contract shall be paid at an hourly rate based on their Regular Teacher’s Contract base salary. Their compensation shall be the same as the preceding school year. The hourly rate shall be computed by using the State Board of Accounts’ prescribed procedure. [Notation for information purposes only] C. Diagnostic employees performing evaluations during the summer shall be paid by claim at an hourly rate based on their Regular Teachers’ Contract base salary. Their compensation shall be the same as the preceding school year. The hourly rate shall be computed by using the State Board of Accounts’ prescribed procedure. D. Each teacher who must write IEPs will be given a total of seven (7) days to prepare IEPs and/or conduct case conferences.
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Administration of Compensation Plan. A. Staff members who are required by their supervisor to participate in due process preparation or testimony outside the contracted workday will be paid at the staff member’s normal hourly rate. Any portions of this provision unrelated to wages are PCES policy, not bargained and included for informational purposes only B. Summer school employees issued a Supplemental Service Teacher’s Contract shall be paid at an hourly rate based on their Regular Teacher’s Contract base salary. Their compensation shall be the same as the preceding school year. The hourly rate shall be computed by using the State Board of Accounts’ prescribed procedure. [Notation for information purposes only] C. Diagnostic employees performing evaluations during the summer shall be paid by claim at an hourly rate based on their Regular Teachers’ Contract base salary. Their compensation shall be the same as the preceding school year. The hourly rate shall be computed by using the State Board of Accounts’ prescribed procedure. D. Each teacher who must write IEPs will be given a total of seven (7) days to prepare IEPs and/or conduct case conferences.
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Administration of Compensation Plan 
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Related to Administration of Compensation Plan

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Compensation of Consultant Town agrees to pay to Consultant for satisfactory completion of all services included in this Agreement a total fee of Fifty Thousand ($50,000.00) for the Project as set forth and described in Exhibit B - Compensation Schedule and incorporated herein as if written word for word. Lump sum fees shall be billed monthly based on the percentage of completion. Hourly not to exceed fees shall be billed monthly based on hours of work that have been completed. Direct Costs for expenses such as mileage, copies, scans, sub- consultants, and similar costs are included in fees and shall be billed as completed. Consultant agrees to submit statements to Town for professional services no more than once per month. These statements will be based upon Consultant's actual services performed and reimbursable expenses incurred, if any, and Town shall endeavor to make prompt payments. Each statement submitted by Consultant to Town shall be reasonably itemized to show the amount of work performed during that period. If Town fails to pay Consultant within sixty (60) calendar days of the receipt of Consultant's invoice, Consultant may, after giving ten (10) days written notice to Town, suspend professional services until paid. Nothing contained in this Agreement shall require Town to pay for any work that is unsatisfactory as reasonably determined by Town or which is not submitted in compliance with the terms of this Agreement. The Scope of Services shall be strictly limited. Town shall not be required to pay any amount in excess of the original proposed amount unless Town shall have approved in writing in advance (prior to the performance of additional work) the payment of additional amounts.