legal definition of base salary

  • Law | Definition of Law by Merriam-Webster

    Law | Definition of Law by Merriam-Webster

    Law definition is - a binding custom or practice of a community : a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority. How to use law in a sentence. Synonym Discussion of law.

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  • Salary - definition of salary by The Free Dictionary

    Salary - definition of salary by The Free Dictionary

    Define salary. salary synonyms, salary pronunciation, salary translation, English dictionary definition of salary. n. pl. sal·a·ries Fixed compensation for services, paid to a person on a regular basis. sal′a·ried adj. n, pl -ries a fixed regular payment made by an.

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  • The Benefits of Salary-Based Health Plan Premiums

    The Benefits of Salary-Based Health Plan Premiums

    Implementing the Salary-Based Premium Program. In face of escalating health care costs, a growing number of employers are embracing a salary-based premium program to pass on costs to their employees. This entails getting better-paid staff to contribute more toward their health care premiums.

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  • What is incentive pay? definition and meaning .

    What is incentive pay? definition and meaning .

    Definition of incentive pay: A monetary gift provided to an employee based on performance, which is thought of as one way to entice the employee to continue delivering positive results. Incentive pay may come in the form of a .

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  • Productivity Based Pay Law and Legal Definition | USLegal .

    Productivity Based Pay Law and Legal Definition | USLegal .

    Productivity-based pay rewards employees based on measurements of the quantity of work and outputs. Two types of productivity-based pay systems are gain sharing and profit sharing arrangements. These arrangements can be complicated and require the existence of sophisticated procedures for calculating bonuses.

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  • Base pay - definition of base pay by The Free Dictionary

    Base pay - definition of base pay by The Free Dictionary

    Define base pay. base pay synonyms, base pay pronunciation, base pay translation, English dictionary definition of base pay. n. An amount or a rate of compensation for a specified position of employment or activity excluding any other payments or allowances.

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  • Salary and Fee Basis - FLSA Exemptions - Employment Law .

    Salary and Fee Basis - FLSA Exemptions - Employment Law .

    Computing Salary on an Hourly, Daily, or Shift Basis. Employers may compute an exempt employee's salary earnings on an hourly, daily, or shift basis, so long as the employee earns at least the legally required minimum salary and there is a reasonable relationship between the employee's guaranteed salary and the actual amount the employee actually earns.

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  • What is base salary? definition and meaning .

    What is base salary? definition and meaning .

    Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee. In most years, an employee's base .

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  • Salary | Definition of Salary at Dictionary

    Salary | Definition of Salary at Dictionary

    Salary definition, a fixed compensation periodically paid to a person for regular work or services. See more.

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  • Pay Docking for Salaried Employees -

    Pay Docking for Salaried Employees -

    The law requires employers to pay nonexempt employees at least the federal minimum wage and requires the payment of overtime for an employee who works more than 40 hours in a week. Employees who are exempt from the law are not entitled to overtime or the federal minimum wage, but employers may not make improper pay deductions from their salary.

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  • The Differences Between Base Pay & Annual Pay | Pocketsense

    The Differences Between Base Pay & Annual Pay | Pocketsense

    Under federal law, your employer must pay your hours over 40 at 1.5 times your regular pay rate. Your base pay rate would remain at 15; however, overtime would increase your total annual wages. The same goes for salary. For example, if you earn 2,115.38 biweekly, your annual base salary would be .

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  • What is a Base Salary and Who Receives It?

    What is a Base Salary and Who Receives It?

    Aug 29, 2018 · If you are a job searcher, base pay is the amount of money that you are offered by the employer to do a specific job. Your job offer letter may also include additional information about the other monetary aspects of your potential pay should you accept the offer. But, the base salary you are offered is just that—a base.

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  • Home | Legal Beagle

    Home | Legal Beagle

    Legal Beagle is a keen, astute resource for legal explanations. Helpful articles for all Americans. Take control, understand your rights, and become a legal beagle

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  • Salary | Definition of Salary at Dictionary

    Salary | Definition of Salary at Dictionary

    Salary definition, a fixed compensation periodically paid to a person for regular work or services. See more.

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  • 1.280G-1 - Golden parachute payments. | CFR

    1.280G-1 - Golden parachute payments. | CFR

    Whenever the 3-times-base-amount test is applied (or whenever the base amount is allocated), the aggregate present value of the payments received or to be received by the disqualified individual is redetermined as of the date described in A-31 of this section, .

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  • Salary Range Structure Practices - S Online

    Salary Range Structure Practices - S Online

    Oct 08, 2009 · The following is a summary of results from a 2009 Culpepper Pay Practices Survey on base salary range structure practices, conducted Aug. .

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  • What is Basic Salary? | HRZone

    What is Basic Salary? | HRZone

    Basic Salary definition Basic salary is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sace schemes or an increase due to overtime or a bonus. Allowances, such as internet for home-based workers or contributions to phone usage, would also be added to the basic salary.

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  • Salary Definition - Learn Law

    Salary Definition - Learn Law

    Salary Definition: Regular payment for services. . It is not intended to be legal advice and you would be foolhardy to rely on it in respect to any specific situation you or an acquaintance may be facing. In addition, the law changes rapidly and sometimes with little notice so .

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  • What Does It Mean When They Say Base Pay Salary?

    What Does It Mean When They Say Base Pay Salary?

    Nov 26, 2018 · Base pay is the amount an employee earns per week, or per year, not including benefits, commissions, overtime, bonuses and similar extras. Base wages are the amount an employee earns per hour. The base salary definition is that you earn your base pay .

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  • How Bonuses Work | Salary

    How Bonuses Work | Salary

    Apr 19, 2018 · Source: Salary. Suppose that your target bonus is 20 percent of a base salary of 100,000 and you performed at the maximum performance level. That means you would earn 200 percent of that 20 percent bonus, or 40 percent. This would result in a 40,000 check ( 100,000 x 20%(your target bonus) X 200% (payout level)).

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  • Fact Sheet #17F: Exemption for Outside Sales Employees .

    Fact Sheet #17F: Exemption for Outside Sales Employees .

    , professional, and computer employees, and for more information on the salary basis requirement. Outside Sales Exemption To qualify for the outside sales employee exemption, all of the following tests must be met: • The employee's primary duty must be making sales (as defined in the FLSA), or obtaining

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  • Gross Base Salary | legal definition of Gross Base Salary .

    Gross Base Salary | legal definition of Gross Base Salary .

    Dec 31, 2008 · Executive's Gross Base Salary, is hereinafter referred to as "Base Salary." During the term, Lilien shall pay to Executive an annual Base Salary at the rate of , paid in accordance with Lilien's regular payroll practices, but not less frequently than monthly.

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  • Questions and answers about a salary basis

    Questions and answers about a salary basis

    effective date of the salary basis regulations, WAC 296-128-500, WAC 296-128-532 and WAC 296-128-533, is February 21, 2003. Only those employees who meet the definition of executive, administrative, or professional and who are paid on a salary basis are considered "exempt" employees. The salary .

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  • Bonus Pay Law and Legal Definition | USLegal, Inc.

    Bonus Pay Law and Legal Definition | USLegal, Inc.

    Bonus Pay Law and Legal Definition. . A special pay increase may be provided to bring an employee's salary up to the level indicated by market data for comparable work outside the employer. Documentation including market data such as salary surveys, newspaper ads, or other relevant sources must be attached to the request. .

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  • What Does OTE Mean in Relation to Salary? | Reference

    What Does OTE Mean in Relation to Salary? | Reference

    While OTEs are a potential part of one's total compensation, they are not always an accurate representation of one's true salary. Ultimately, when considering a job, one should pay more attention to the base salary as opposed to the OTE, as it can be difficult to meet the required sales goals necessary to earn the full amount listed.

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  • What Is a Salary Draw? | Bizfluent

    What Is a Salary Draw? | Bizfluent

    A salary draw is used in industries in which compensation is based on performance. These industries often use commission as a primary or sole form of compensation, and while this is not attractive to everyone, it is appealing to some. When an employee accepts a draw, he is relying heavily on his performance and has .

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  • What Is Compensation? | Definition and List of Allowances

    What Is Compensation? | Definition and List of Allowances

    Base pay includes an employee's base salary or hourly wages. It also includes shift differentials and pay for special assignments. Base salary vs. total compensation. An employee's base pay does not include compensation that might raise the wages above the base level. For example, bonuses, overtime, and commissions are not part of base pay.

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  • What Is Salary, Non-Exempt? | Bizfluent

    What Is Salary, Non-Exempt? | Bizfluent

    The definition of exempt and non-exempt has more to do with an employee's responsibilities than whether she is salaried or not. Salaried employees can be either exempt or non-exempt. Sometimes a company will put employees on salary to facilitate their payroll processes or for other reasons. This does not make that employee exempt.

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  • Salary payments - Minimum wages - Fair Work Ombudsman

    Salary payments - Minimum wages - Fair Work Ombudsman

    Salary payments An annual salary can't be less than the minimum entitlements an employee is entitled to under the award or registered agreement that applies and the National Employment Standards.. The requirements that need to be met when agreeing to an annualised salary can be outlined in an award, employment contract, enterprise agreement or other registered agreement.

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  • Salary Definition Regulation - Texas Workforce Commission

    Salary Definition Regulation - Texas Workforce Commission

    Salary Definition Regulation . Since the most frequently-requested overtime exemption regulation is the one defining what a true salary is, it is presented here in its entirety for the convenience of employers who need to see the full definition as adopted and enforced by the U.S. Department of Labor. Following is the text of 29 C.F.R. 541.602:

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  • Fact Sheet #17F: Exemption for Outside Sales Employees .

    Fact Sheet #17F: Exemption for Outside Sales Employees .

    , professional, and computer employees, and for more information on the salary basis requirement. Outside Sales Exemption To qualify for the outside sales employee exemption, all of the following tests must be met: • The employee's primary duty must be making sales (as defined in the FLSA), or obtaining

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  • Salary: Legal Administrator | Glassdoor

    Salary: Legal Administrator | Glassdoor

    Oct 05, 2019 · How much does a Legal Administrator make? The national average salary for a Legal Administrator is 67,012 in United States. Filter by location to see Legal Administrator salaries in your area. Salary estimates are based on 13 salaries submitted anonymously to Glassdoor by Legal Administrator .

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  • NSF 07-140_V. Allowability of Costs

    NSF 07-140_V. Allowability of Costs

    Salary is to be paid at a monthly rate not in excess of the base salary divided by the number of months in the period for which the base salary is paid. As such, proposal budgets submitted should not request, and NSF-approved budgets will not include, funding for an individual investigator or co-principal investigator which exceeds two months .

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  • Fact Sheet - Wage and Hour Division (WHD) - U.S .

    Fact Sheet - Wage and Hour Division (WHD) - U.S .

    These salary requirements do not apply to outside sales employees, teachers, and employees practicing law or medicine. Exempt computer employees may be paid at least 684* on a salary basis or on an hourly basis at a rate not less than 27.63 an hour.

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  • Does a Base Salary Subtract Payroll Taxes? | Career Trend

    Does a Base Salary Subtract Payroll Taxes? | Career Trend

    As a result, two people with the same base salary might not need the same amount of income tax withheld from their paychecks. A base salary is established by an employer, regardless of an employee's state and federal tax obligations. A base salary doesn't already have taxes subtracted from it.

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  • What Is Salary, Non-Exempt? | Bizfluent

    What Is Salary, Non-Exempt? | Bizfluent

    The definition of exempt and non-exempt has more to do with an employee's responsibilities than whether she is salaried or not. Salaried employees can be either exempt or non-exempt. Sometimes a company will put employees on salary to facilitate their payroll processes or for other reasons. This does not make that employee exempt.

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  • Fair Labor Standards Act (FLSA) Coverage (Exempt vs. Non .

    Fair Labor Standards Act (FLSA) Coverage (Exempt vs. Non .

    Chamberlain, Kaufman and Jones is a law firm with a nationwide reputation in helping employees receive the wages they are due for all hours worked, specializing in overtime law specifically collection of unpaid overtime pay due under the Federal Fair Labor Standards Act (FLSA). The Fair Labor Standards Act is designed to insure that wage earners are compensated for overtime hours and provides .

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  • Salary | Definition of Salary by Merriam-Webster

    Salary | Definition of Salary by Merriam-Webster

    Salary definition is - fixed compensation paid regularly for services. How to use salary in a sentence.

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  • What is the difference between wages and salary .

    What is the difference between wages and salary .

    What is the difference between wages and salary? . Definition of Salary. . U.S. and state law protects employees from having to work more than 40 hours per week when their wages or salary is below a certain level. In other words, a salaried employee with a relatively low annual salary must be given overtime compensation if the person's .

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  • Salary: Law in Canada | Glassdoor

    Salary: Law in Canada | Glassdoor

    869 Law Salaries in Canada provided anonymously by employees. What salary does a Law earn in Canada?

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