Maine Proposed compensation program for officers and certain key management personnel

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Multi-State
Control #:
US-CC-20-297A-NE
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Word; 
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This sample form, a detailed Proposed Compensation Program for Officers and Certain Key Management Personnel document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

For example, if an employee has 19 years and 3 months service, the payment would be 3.25% rather than 2.25%. If the employee is reinstated, the balance of the longevity payment shall be made upon completion of additional service totaling 12 months since the last full longevity payment.

Longevity pay is an entitlement based on total state service. It is paid each month in addition to base salary. Longevity was first authorized as an employee entitlement on Sept. 1, 1979.

After 7 days of missed work due to your injury, you are entitled to receive weekly compensation benefits beginning on the 8th day. If you miss more than 14 days of work, you will then receive payment retroactive to the original date of injury.

Confidential employees with twenty (20) years of State service are eligible to receive an annual longevity payment of $832.00. Confidential employees with twenty-five (25) years of State service are eligible to receive an annual longevity payment of $1,040.00.

Confidential employees with twenty (20) years of State service are eligible to receive an annual longevity payment of $832.00.

Longevity pay amounts are computed by multiplying the employee's annual base salary rate as of the eligibility date by the appropriate percentage rounded to the nearest dollar in ance with the following table.

The law requires almost all public and private employers to have workers' compensation coverage. The law defines employers as ?private employers, the State, counties, cities, towns, water districts, other quasi?public corporations, municipal school committees, and design professionals.?

Average State of Maine hourly pay ranges from approximately $15.88 per hour for Research Assistant to $75.00 per hour for Sonographer. The average State of Maine salary ranges from approximately $42,500 per year for Security Officer to $129,456 per year for Operations Associate.

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Maine Proposed compensation program for officers and certain key management personnel