salary

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SALARY. A reward or recompense for services performed.
     2. It is usually applied to the reward paid to a public officer for the performance of his official duties.
     3. The salary of the president of the United States is twenty-five thousand dollars per annum; Act of l8th Feb. 1793; and the constitution, art. 2, s. 1, provides that the compensation of the president shall not be increased or diminished, during the time for which he shall have been elected.
     4. Salary is also applied to the reward paid for the performance of other services; but if it be not fixed for each year, it is called honorarium. Poth. Pand. h.t. According to M. Duvergier, the distinction between honorarium and salary is this. By the former is understood the reward given to the most elevated professions for services performed; and by the latter the price of hiring of domestic servants and workmen. 19 Toull. n. 268, p. 292, note.
     5. There is this difference between salary and price; the former is the reward paid for services, or for the hire of things; the latter is the consideration paid for a thing sold. Lec. Elem. Sec. 907, 908.

References in periodicals archive ?
tinder New Hampshire law, a salaried employee is entitled to be paid for the entire pay period if the employee works any time during the pay period, with very limited exceptions.
Becker said the checks that salaried employees received on June 30 were from a warrant dated July 1 and funds were used from the fiscal 2009 account.
Northwest also revealed some details of a new salaried equity plan for its 5,200 salaried and management employees, under which salaried employees below the director level would receive cash and restricted stock units totalling USD77.
This includes salaried employees who are not exempt from FLSA coverage.
We discovered salaried employees were working as consultants for other companies.
Traditionally, public employees were divided into a strict hierarchy of three groups with widely differing social and legal status: manual workers (Arbeiter), salaried employees (Angestellte), and civil servants (Beamte).
John's claim involves two issues that will commonly arise when a salaried employee voluntarily leaves a company to take another job.
Volvo Powertrain, a subsidiary of Volvo AB (NASDAQ: VOLV) (STO: VOLVA) (STO: VOLVB), has signed a contract with the salaried employee organisations in Koping, Sweden on May 18, 2009.
The agreement with the salaried employees unions in Koping applies from June 1, 2009 through March 30, 2010.
3 /PRNewswire-FirstCall/ -- In response to the recent unanticipated and major downturn in the economy, which has resulted in sharply lower demand for some of the company's products, AK Steel announced today that it is implementing a salaried employee cost reduction program.
The salaried employee and his wife lost a five-month-old baby due to multiple birth defects, including blindness, deafness and hydrocephalus, also known as water on the brain.
Northwest Airlines Corporation (Pink Sheets:NWACQ) announced today that it has withdrawn a $129 million salaried employee unsecured claim from its Plan of Reorganization.