Maximum Salary definition

Maximum Salary means the highest salary step of the salary range assigned to a classification;
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Maximum Salary means the maximum value of salaries for Instructors/Academic Assistants I, II, and III as set out in Schedule A.01.3 of ASCA.
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Maximum Salary means; the highest salary of the pay range assigned to a classification, or, the job rate where no pay range has been assigned to a classification;
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Examples of Maximum Salary in a sentence

  • Maximum Salary ReductionI understand that the total amount of my salary reduction contributions in any calendar year cannot exceed the applicable amount for that year.

  • Maximum Salary Reduction I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed the applicable amount for that year.

  • No additional pay raises to the Maximum Salary Level shall be granted without specific Council approval.

  • It is the policy of the Council, at the time of the passage of this Salary Ordinance, to limit the Maximum Salary Level rates to the current number of positions only.

  • In‐Grade Supervisors, whose pay is grandfathered at the Maximum Salary Level may continue to be paid accordingly; however, the pay associated with a position shall revert to the normal pay schedule when the employee whose pay was grandfathered leaves employment with Monroe County or changes positions.

  • A “bridge benefit” will be payable under the early retirement window equal to: 0.4% of Highest Average Earnings up to the Average CPP Maximum Salary Times Pensionable Service Reduced by Three (3%) percent for each year (prorated for partial years) that the early retirement date precedes the first of the month following age sixty (60).

  • The salary range is divided into a Minimum Salary, a Mid-Range Salary, and a Maximum Salary.

  • Contributions will not begin until the amount can be verified by a TIAA-CREF Maximum Salary Reduction Calculation.

  • An out-of-contract Player whose Salary Budget Charge exceeded the Maximum Salary Budget Charge for the immediately preceding League Season, and whose Salary Budget Charge for the next League Season, based on an offer from his current Team, will also exceed the Maximum Salary Budget Charge, will not be eligible for Free Agency.

  • For option decline Players, the League will not prevent or interfere with a Team accepting a Player at his option price (Section 29.5(b)(ii)) or at the maximum increase allowed at compensation less than his declined option price and less than the Maximum Salary Budget Charge (Section 29.5(b)(iii)).


More Definitions of Maximum Salary

Maximum Salary means the highest period of the highest step assigned to a class;
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Maximum Salary means the maximum salary payable under Schedules 1 and 2 of this Agreement.
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Maximum Salary means (i) the highest period of the highest grade assigned a class; or (ii) the job rate where no grade has been assigned a class.
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Maximum Salary means the highest total salary available in a pay band within the alternative pay schedule. Maximum salary does not include the longevity allowance as described in 2-18-304 MCA.
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Related to Maximum Salary

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Annual Salary means the salary given under this Part.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Salary as defined in Section 3.1(a).

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Annual Compensation means an amount equal to the greater of:

  • Final average salary means whichever of the following is greater:

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):