SALARY AND OTHER COMPENSATIONS Clause Samples
The "Salary and Other Compensations" clause defines the financial remuneration and additional benefits an employee is entitled to receive from their employer. This typically includes the base salary, bonuses, allowances, and any other forms of compensation such as health benefits or retirement contributions. By clearly outlining the types and amounts of compensation, this clause ensures both parties have a mutual understanding of the employee's total compensation package, thereby preventing disputes and ensuring transparency in the employment relationship.
SALARY AND OTHER COMPENSATIONS. 1. Teacher Employment and Placement on the Salary Schedule Upon initial employment, full credit shall be given for relevant course work. Teachers with previous teaching experience in the Westwood Public Schools shall, upon returning to the System, receive full credit on the salary schedule for all outside teaching experience, Peace Corps work, and military service as provided by law. Teachers who have not been engaged in teaching on a full-time basis shall, upon returning to the System, be restored to the next position on the salary schedule above that at which they left, subject to Section 2 of this article.
SALARY AND OTHER COMPENSATIONS. A. During the term of this Agreement the salaries of teachers shall be as described in Appendix A, the extra-curricular payments to teachers shall be those stated in Appendix B of this Agreement, and stipends payments to teachers shall be those stated in Appendix C. All appendices are hereby made a part of this Agreement.
B. Basic salary for teachers shall be paid in twenty-four (24) equal payments per contract year. Such payments shall generally be made on the 5th and 20th days of each month, subject to the discretion of the Board to elect a date later than the 5th day of the first month in a particular school year because of a later school starting date.
C. When applicable, teachers shall receive full credit for teaching experience in a public school. For purposes of initial hire-in salary only, a minimum of one hundred twenty (120) days shall constitute a year's experience.
D. The individual teacher is responsible for seeing that licenses are current and renewed when due and for seeing that outside teaching, military service, and cumulative sick leave are properly certified and submitted to the Superintendent's office.
E. For the purpose of determining the number of years' experience on the pay schedule only, credit shall be given for each year of military service up to a maximum of six (6) years. A minimum of eight (8) months either of military service or military service combined with school teaching experience shall constitute one year's experience provided that such service shall take place within the regular school year, from August 1st to July 31st. The above shall apply to all veterans who were honorably discharged.
F. A teacher who is not provided with a vehicle and who, as a regular part of his or her classroom duties, is required to travel from one building to another in order to perform assigned teaching duties, and who is authorized in advance and who files a Form 101, shall, for the miles of such travel between buildings, be reimbursed at the rate of the current IRS mileage rate.
G. The Board shall provide health and related benefits to teachers by entering into an agreement with a company mutually selected by the Corporation and Association; the Board shall pay the following costs for such program, with each teacher to pay the remaining balance:
1. The Board shall contribute the following dollar amounts to health plan costs: • Plan 1 o Single- $10,600.00 o Employee / Dependents- $13,900.00 o Employee / Spouse- $18,000.00 o Family- $24,000....
SALARY AND OTHER COMPENSATIONS. 4.1 Cash salary, shares and bonus
4.1.1 The Employee shall receive an annual salary of NOK 1,900,000.00 (hereinafter “(the) Cash Salary”).
4.1.2 The Cash Salary is payable with 1/12 parts each working month not later than on the last working day of each month. During the vacation month Cash Salary is not payable, but the Employee is entitled to holiday allowance according to the Employer’s guidelines for the payment of earned holiday allowance determined from time to time
4.1.3 The Cash Salary shall constitute full compensation for the fulfilment of the inherent requirements of the Position and the Employee shall therefore not be entitled to overtime pay for working in excess of agreed working hours.
4.1.4 The Employee shall receive NOK 450,000.00 by way of compensation for non-payment of anticipated bonus and value of a share programme from his former employer. The amount is payable in two instalments, the first in the first month following commencement of the employment and the second in the seventh month after commencement.
4.1.5 The Employee will receive 20,000 shares in DHT Holdings Inc. with restrictions upon taking up his position. The shares will be issued and allocated over 3 years in 3 equal parts conditional upon the Employee being employed.
4.1.6 The Employee will in the sole discretion of the Company be eligible for an annual bonus, the awarding of which will depend on the Employee’s achievements. The bonus shall not exceed 60% of his fixed annual salary (4.
1.1). Parts of the annual bonus may be awarded by participation in the Company’s “Long Term Incentive Plan”.
SALARY AND OTHER COMPENSATIONS a. 5. c change to b, change 2023-2024 to 2025-2026 add starting in 2025-2026 school payments will increase as follows 2025–2026 3% 2026–2027 3% 2027–2028 3.125% (Note the years stay the same (16-19, 20-24, 25-29, 30+) and will start with base from last contract Page 9) Years 16–19: $566.50 / $583.50 / $601.73 Years 20–24: $1,596.50 / $1,644.40 / $1,695.78 Years 25–29: $2,008.50 / $2,068.75 / $2,133.40 Years 30–34+: $2,626.50 / $2,705.30 / $2,789.84