Final Compensation Based On Single Year Sample Clauses

Final Compensation Based On Single Year. For purposes of determining a retirement benefit, final compensation for employees covered by this Section 20.7.1 shall mean the average annual compensation earnable by the member as specified in Government Code Section 31462.1. 20.7.1. 2 3% @ 60 Pension Formula The 3.0% at 60 pension formula shall be available to employees covered by this Section 20.7.1 who are contributing members of the SCERA.
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Final Compensation Based On Single Year. 29 12.6.2 3% @ 60 Pension Formula 29 12.6.3 Required Employee Contribution 29 12.6.4 Employee Cost Share – 50% of Nominal Cost 30
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Final Compensation Based On Single Year. 50 Final Compensation Based On Three Year Average 52 First Step 57 Full And Unqualified Meet And ▇▇▇▇▇▇ ▇▇▇▇▇▇ 67 Full Force And Effect 68 FULL PERFORMANCE 66 FULL UNDERSTANDING, MODIFICATIONS AND WAIVER 67 Grievance 56 GRIEVANCE PROCEDURE 55 Grievant 56 HEALTH & WELFARE BENEFITS FOR ACTIVE EMPLOYEES 18 Health Benefits During Leaves Of Absence – Non-Medical Leaves Without Pay 25 Health Benefits During Medical/Pregnancy Disability Leave 24 Health Flexible Spending Account 26 Health Reimbursement Arrangement (HRA) Contribution 22 HOLIDAYS 32 Holidays – Compensation For Holidays 33 Holidays – Observed 33 Hourly Cash Allowance 13 HOURS OF WORK 15 Incompatible Activities 53 Initiation Deadline 56 In-Service Training 17 IRS Section 125 26 IRS Section 414(h)(2) 26 Jury Duty 47 Layoff – Applicability 49
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Related to Final Compensation Based On Single Year

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • 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.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.