Common use of Senior Practice Manager Clause in Contracts

Senior Practice Manager. (a) At the commencement of this Agreement, an full-time Employee employed as a Senior Practice Manager will be paid a base salary of at least $50,000 per annum (base annual salary). (b) Increases of $2,500 will be added to the base annual salary for every $100,000 of gross revenue generated by the Employer’s business unit in accordance with the tables set out below. These increases will be calculated on a monthly pro-rata basis up to a gross remuneration package not exceeding $100,000 p.a. Annual Turnover <$100K $100K+ $200K+ $300K+ $400K+ $0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 Monthly Turnover $0.00 $8,333.33 $16,666.67 $25,000.00 $33,333.33 Base salary $50,000 $52,500 $55,000 $57,500 $60,000 Annual Turnover $500K+ $600K+ $700K+ $800K+ $900K+ $1,000K+ $500,000.00 $600,000.00 $700,000.00 $800,000.00 $900,000.00 $1,000,000.00 Monthly Turnover $41,666.67 $50,000.00 $58,333.33 $66,666.67 $75,000.00 $83,333.33 Base salary $62,500 $65,000 $67,500 $70,000 $72,500 $75,000 (c) The increases referred to in clause 1.1(b) above, are conditional upon each new revenue threshold reached by the Employer being sustained for three consecutive months.