Employment Contracts · glossary

Basic Salary

The Contract’s name for Esme’s fixed salary of £90,000 a year, which is £7,500 a month. Other clauses build on it. A payment in lieu and company sick pay pay Basic Salary only, so the bonus and the sign-on payment are left out. Contract 8.1 · Chapter 4 · see Payment in Lieu, Discretionary bonus

Explained in Chapter 4, Salary, Bonus and the Sign-On Payment, of Employment Contracts.

How it comes up, in Chapter 4
The salary is the one sum Cressby must pay however sales go. The Contract calls it the Basic Salary, and other clauses build on it…
Read Chapter 4, Salary, Bonus and the Sign-On Payment →

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Employment Contracts → · All terms A–Z →