COMPENSATION IN ADDITION TO SALARY Clause Samples

The "Compensation in Addition to Salary" clause defines the types of financial or non-financial benefits an employee may receive beyond their base salary. This can include bonuses, commissions, stock options, profit-sharing, or other incentives provided as part of the overall compensation package. By outlining these additional forms of compensation, the clause ensures transparency regarding total employee remuneration and helps prevent misunderstandings about what is included in the employment agreement.
COMPENSATION IN ADDITION TO SALARY. 8.1 Minimum Call Back Time. Unit members called back from off campus, directed to work offsite (including questions and troubleshooting via phone or email), or otherwise directed to respond to District needs after the completion of their regular hours shall receive minimum compensation of two (2) hours for such services at the appropriate overtime rate of pay or equivalent compensatory time off (with the concurrence of the unit member) pursuant to the CBA, Article XI: Hours. Such call back time shall be logged on the unit member’s timesheet. Emergency call back for the purpose of this Article shall be defined as a specific and immediate problem requiring action prior to the next regular work day as determined by management. If the specific emergency can be rectified in less than the stipulated two hour minimum, no additional duties shall be required to fulfill the two hour minimum call back. For the purposes of this Section, call back time shall begin from the time the unit member has been notified of the specific emergency. 8.2 Working Out of Regular Classification. Services performed by unit members outside of their regular classification shall be in accordance with E. C. Section 88010. In the event a unit member is required to work in a lower classification for any period of time which exceed five
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COMPENSATION IN ADDITION TO SALARY. ‌ 8.1 Minimum Call Back Time. Unit members called back from off campus, directed to work offsite (including questions and troubleshooting via phone or email), or otherwise directed to respond to District needs after the completion of their regular hours shall receive minimum compensation of two (2) hours for such services at the appropriate overtime rate of pay or equivalent compensatory time off (with the concurrence of the unit member) pursuant to the CBA, Article XI: Hours. Such call back time shall be logged on the unit member’s timesheet. The call back time includes the time and mileage to return to the requested campus site. Emergency call back for the purpose of this Article shall be defined as a specific and immediate problem requiring action prior to the next regular work day as determined by management. If the specific emergency can be rectified in less than the stipulated two hour minimum, no additional duties shall be required to fulfill the two hour minimum call back. For the purposes of this Section, call back time shall begin from the time the unit member has been notified of the specific emergency. 8.2 Working Out of Regular Classification. Services performed by unit members outside of their regular classification shall be in accordance with E.
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COMPENSATION IN ADDITION TO SALARY. Prior to agreeing to participate in any activity or service, compensation will be determined.
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COMPENSATION IN ADDITION TO SALARY a. Prior to agreeing to participate in any activity or service, compensation will be determined. b. The Per Diem rate (unit member’s annual salary divided by the number of work days) will be paid for activities or services that the District requires which are beyond the contracted work day or year. c. Per Diem Hourly Rate (Per Diem Rate divided by the unit member’s daily work hours) will be paid for activities or services that the District requires which are beyond the contracted work day or year. d. The District hourly rate (Appendix A) will be paid for activities or services that the district recommends or encourages but does not require. Examples may include curriculum writing, and class coverage. (See Article XI, Section 2) e. The compensation from “Pass-Through” funds will be determined by the conditions of the funding source. f. Activities performed on a “voluntary” basis will not be compensated.
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COMPENSATION IN ADDITION TO SALARY. 8.1 Minimum Call Back Time. Unit members called back from off campus, directed to work offsite (including questions and troubleshooting via phone or email), or otherwise directed to respond to District needs after the completion of their regular hours shall receive minimum compensation of two (2) hours for such services at the appropriate overtime rate of pay or equivalent compensatory time off (with the concurrence of the unit member) pursuant to the CBA, Article XI: Hours. Such call back time shall be compensated at a minimum of 2 hours for all work performed up to two (2) hours and logged on the unit member’s timesheet. If applicable, the call back time includes the time to return to/from the requested campus from home/current location, whichever applies. Mileage shall be reimbursed at the IRS approved rate. Emergency call back for the purpose of this Article shall be defined as a specific and immediate problem requiring action prior to the next regular work day as determined by management. If the specific emergency can be rectified in less than the stipulated two hour minimum, no additional duties shall be required to fulfill the two hour minimum call back. For the purposes of this Section, call back time shall begin from the time the unit member has been notified of the specific emergency; and multiple calls within the first two-hour period shall be considered the same call back incident. 8.2 Working Out of Regular Classification. Services performed by unit members outside of their regular classification shall be in accordance with E.
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Related to COMPENSATION IN ADDITION TO SALARY

  • Compensation to NCPS (a) Issuer Party shall pay or cause to be paid to NCPS for its services as the facilitator of escrow as outlined in Exhibit B, which may be updated from time to time by NCPS by providing written notice to Issuer Party. Issuer Party’s obligation to pay such fees to NCPS and reimburse NCPS for such expenses is not conditioned upon a successful closing. Upon Issuer Party’s request, NCPS will provide Issuer Party with copies of all relevant invoices, receipts or other evidence of such expenses. The obligations of Issuer Party under this Section 10 shall survive any termination of this Agreement and the resignation or removal of NCPS. (b) All of the compensation and reimbursement obligations shall be payable by Issuer Party upon demand by NCPS and will be charged automatically by NCPS to the credit card or other payment method separately provided or as otherwise agreed by the Parties. Issuer Party consents to NCPS retaining and using Issuer Party’s payment information for future invoices and as provided in this Agreement. Issuer Party agrees and acknowledges that NCPS and its third party vendors may retain and use Issuer Party’s payment information to facilitate the payments provided for in this Agreement. Issuer Party agrees to provide NCPS written notice (which may be via email) of any update or changes to Issuer Party’s payment information. Absent current payment information, Issuer Party shall make, or cause to be made, all payments to NCPS within 10 days of receiving an invoice therefor. All payments made to NCPS shall be in US dollars in immediately available funds. (c) If Issuer Party fails to make any payment when due then, in addition to all other remedies that may be available: (a) NCPS may charge interest on the past due amount at the rate of 1.5% per month, calculated daily and compounded monthly, or if lower, the highest rate permitted under Law, which Issuer Party shall pay; such interest may accrue after as well as before any judgment relating to collection of the amount due; and (b) Issuer Party shall reimburse, or cause to be reimbursed, NCPS for all costs incurred by NCPS in collecting any late payments or interest, including attorneys’ fees, court costs and collection agency fees; provided that cumulative late payments are subject to the overall limits as may be required by Law as set forth in Exhibit B. (d) Only upon the fulfillment of the Minimum Offering, and only when Escrowed Funds are eligible to be released to Issuer in accordance with Section 4(a), and otherwise in compliance with Law, NCPS is authorized to and may disburse from time to time, to itself or to any NCPS Party from the Escrow Funds (but only to the extent of Issuer’s rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which NCPS or any NCPS Party is entitled to seek indemnification pursuant to Section 9 hereof). NCPS shall notify Issuer Party of any disbursement from the Escrow Funds to itself or to any NCPS Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements. (e) Only upon the fulfillment of the Minimum Offering, and only when Escrowed Funds are eligible to be released to Issuer in accordance with Section 4(a), and otherwise in compliance with Law, Issuer shall grant to NCPS and the NCPS Parties a security interest in and lien upon such Escrow Funds (but only to the extent of Issuer’s rights thereto) to secure all obligations hereunder, and NCPS and the NCPS Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow Funds (but only to the extent of Issuer’s rights thereto). If for any reason the Escrow Funds available to NCPS and the NCPS Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer Party shall promptly pay such amounts to NCPS and the NCPS Parties upon receipt of an itemized invoice.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.