Annual Basic Salary Sample Clauses

The 'Annual Basic Salary' clause defines the fixed yearly amount of compensation an employee receives, excluding bonuses, benefits, or other variable pay. This clause typically specifies the exact salary figure, the frequency of payment (such as monthly or bi-weekly), and may outline any conditions for salary review or adjustment. Its core practical function is to provide clear, unambiguous terms regarding the employee's base pay, ensuring both parties understand the fundamental compensation arrangement and reducing the risk of disputes over salary expectations.
Annual Basic Salary. ‌ The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: (a). Effective August 19th, 2017, the basic annual salary for each step shall be increased by 2.4%.
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Annual Basic Salary. ‌ For pilots operating multiple aircraft in rank, categories or type, their annual basic salary shall be whatever classification in the below table that gives them the highest annual basic salary. Employee Rank Aircraft Category Aircraft Type/s Annual Basic Salary Captain Piston Single Engine Class ALL TYPES UP TO 3359KG MTOW $58,250.00 Piston Multi Engine Class (VFR Only) ALL TYPES IN CLASS AS PER PART 61 UP TO AND INCLUDING PA31-350 $65,050.00 Piston Multi Engine Class (VFR Only) ALL TYPES IN CLASS AS PER PART 61 FROM C404 AND ABOVE $67,550.00 Piston Multi Engine Class (IFR) ALL TYPES IN CLASS AS PER PART 61 UP TO AND INCLUDING PA31-350 $72,300.00 Piston Multi Engine Class (IFR) ALL TYPES IN CLASS AS PER PART 61 FROM C404 AND ABOVE $74,800.00 Turbine Multi Engine <5660KG (IFR) BE20/C441 $83,200.00 Turbine Multi Engine >5660KG (IFR) BE20 $86,800.00 Turbine Multi Engine Type > 5660KG BE350/1900 $97,100.00
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Annual Basic Salary. The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: 9.01 (a) - Effective August 12, 2000 (PP 18-00), 4.1% of the basic salary per annum for employees in the Postal Nurses’ Schedule on August 11, 2000. The basic salary increase is calculated from the percentage change in the June 2000 ECI over the June 1999 ECI or 4.1%. 9.01 (b) - Effective August 11, 2001 (PP18-01), the basic annual salary shall be increased by 3.8% of the salary schedule in effect on August 10, 2001, and reflected on Table I. The basic salary increase is calculated from the percentage change in the June 2001 ECI over the June 2000 ECI or 3.8%. 9.01 (c) - Effective two full pay periods after the release of the June 2002 ECI, the basic annual salary shall be increased by a percentage amount equal to the change in the June 2002 ECI over the June 2001 ECI. The resulting percentage will be the general wage increase applied to the basic salary in effect on August 9, 2002. 9.01 (d) - Effective two full pay periods after the release of the June 2003 ECI, the basic annual salary shall be increased by a percentage amount equal to the change in the June 2003 ECI over the June 2002 ECI. The resulting percentage will be the general wage increase applied to the basic salary in effect on August 8, 2003.
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Annual Basic Salary. During the Employment Period, the Executive shall receive an annual base salary of not less than $550,000 (the annual base salary in effect from time to time, "Annual Base Salary"). The Annual Base Salary shall be payable in accordance with the Company's regular payroll practice for its senior officers, as in effect from time to time. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, shalll not be less than the minimum base salary set forth above. Any increase in the Annual Base Salary shall not limit or reduce any other obligation of the Company under this Agreement.
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Annual Basic Salary. The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: 9.01 (a) - Effective August 18, 2007 (PP 18-07), the basic annual salary for each step shall be increased by 3.3%. The basic salary increase is calculated from the percentage change in the June 2007 ECI over the June 2006 ECI or 3.3%. 9.01 (b) - Effective August 16, 2008 (PP18-08), the basic annual salary for each step shall be increased by 3.1%. The basic salary increase is calculated from the percentage change in the June 2008 ECI over the June 2007 ECI or 3.1%. 9.01 (c) - Effective August 15, 2009 (PP18-09), the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2009 ECI over the June 2008 ECI. 9.01 (d) - Effective the second full pay period after the release of the June 2010 ECI, the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2010 ECI over the June 2009 ECI. ‌‌‌‌‌ 9.01 (e) - Effective the second full pay period after the release of the June 2011 ECI, the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2011 ECI over the June 2010 ECI.
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Related to Annual Basic Salary

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.