Salary Points Sample Clauses

The 'Salary Points' clause defines how an employee's compensation is determined based on a structured point system. Typically, each point corresponds to a specific monetary value, and an employee's total salary is calculated by multiplying the number of points they are assigned by this value. This system allows for transparent and consistent salary calculations, making it easier to adjust pay based on performance, seniority, or other criteria. The core function of this clause is to standardize salary determination and ensure fairness across the organization.
Salary Points. The breakpoint is $109,734. At $1,222 per point, 1.419 Salary Points (calculated as (109,734-108,000) ÷ 1,222) would be required to increase the Member’s salary to the breakpoint of $109,734. Since the Member is awarded 2.4 Salary Points, 0.981 Salary Points remain, and these are applied at a value of $924 per point.
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Salary Points. 2.1 The following salary points before the commencement of this Agreement cease to exist on commencement: (a) Electorate Officer A (EOA) – 1 and 2. (b) Secretary / Administrative Assistant – 1, 2 and 3. 2.2 Any person who was employed at the EOA-1 or 2 salary points immediately before the commencement of this Agreement are taken to commence at the new EOA-1 classification. 2.3 Any person at the Secretary / Administrative Assistant – 1, 2 or 3 salary points immediately before the commencement of this Agreement are taken to commence at the new Secretary / Administrative Assistant-1 classification.
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Salary Points. Performance-Based Anomaly Fund (PBAF) for Probationary and Tenured Members 44. A Performance-Based Anomaly Fund of $100,000 shall be established in 2001-2002.
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Salary Points. Points may be earned for approved educational travel and related study undertaken in conformance with established procedures.
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Related to Salary Points

  • Salary Scales ‌ 2.5.1 Effective from 1 January 2024, and subject to the Remuneration provisions in the Terms of Settlement, a 4% increase will apply to all paid and printed rates. The following Allied Divisions shall refer to the applicable schedules for their scales: MIT, UCOL and Otago. 2.5.2 Effective from 1 January 2025, kaimahi will be translated into the following salary scale, which includes the 4% salary increase: Band Step (N/A for UCOL and TOPNZ) Scale Scale 2025 (4%) 40 hours Band Step(N/A for UCOL and TOPNZ Scale 2025 (4%) Scale 2025 (4%)

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary/Wages Grantee shall list personnel involved, position classification, direct salary rates, and hours spent on the Project in accordance with Attachment 3, Grant Work Plan in their documentation for reimbursement or match requirements.

  • Salary Sacrifice (a) Where an Employee wishes to have their pay salary sacrificed for additional superannuation, the Employer will comply with the Employee’s request without unreasonable delay and consistent with any relevant statutory requirements. (b) All entitlements and benefits contained in this Agreement will be calculated on the pre-salary sacrifice pay rate.

  • Salary Ranges A. The salary ranges for classifications covered by this Agreement shall be those contained in Appendix D. B. No one may be hired above or below the assigned salary range for his/her classification. Employees whose salaries are above the range assigned to their classification will have their salaries frozen until the salary range increases to include their salary.