Lump Sum Wage Sample Clauses

The Lump Sum Wage clause establishes that an employee will receive a fixed, predetermined amount of compensation for their work, regardless of the actual hours worked or output produced. Typically, this clause applies to roles where the scope of work is clearly defined and not subject to hourly tracking, such as project-based assignments or certain salaried positions. Its core practical function is to provide payment certainty for both employer and employee, simplifying payroll administration and reducing disputes over timekeeping or overtime.
Lump Sum Wage. Payment for Delay in Implementing the 2014-2015 General Wage Adjustment (GWA)
View Source
Lump Sum Wage. Payment for Delay in Implementing the 2007-2008 Wage Adjustments 12/3/1 Eligible employees will receive a lump sum wage payment in an amount equal to the value of the adjustment received under 12/1/2/A., multiplied by the number of the employee’s hours in pay status between June 24, 2007, and the effective date of the Agreement. The lump sum wage payment will be made in a separate check as soon after the effective date of the Agreement as is administratively feasible.
View Source
Lump Sum Wage. Supplement
View Source
Lump Sum Wage. Payment for Delay in Implementing the 2013-2014 General Wage Adjustment (GWA) 2/3/1 Employees in pay status on the effective date of the GWA will receive a lump sum wage payment in an amount equal to the value of the GWA received under 2/1/2, above, multiplied by the number of the employee’s hours in pay status from June 30, 2013, to the effective date of the GWA. The lump sum wage payment will be provided as soon after the effective date of the Agreement as is administratively feasible. 2/3 2 Employees who were laid off from the bargaining unit after June 30, 2013, will receive a lump sum wage payment in an amount equal to the value of the GWA they would have received under 2/1/2, above, multiplied by the number of the employee’s hours in pay status from June 30, 2013, to the effective date of the GWA.
View Source
Lump Sum Wage. Payment for Delay in Implementing the 2023-2024 General Wage Adjustment (GWA) 2/2/1 Employees in pay status on the effective date of the GWA will receive a lump sum wage payment in an amount equal to the value of the GWA received under 2/1/1, above, multiplied by the number of the employee’s hours in pay status in a bargaining unit position between July 2, 2023, and the effective date of the GWA. The lump sum wage payment will be provided as soon after the effective date of the Agreement as is administratively feasible.
View Source
Lump Sum Wage. Supplement…………………………………………………..
View Source

Related to Lump Sum Wage

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any ▇▇▇▇-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.