Now what sort of pay formula would you like to see them come up with?

No Union debate had taken place on the pay formula.

Teachers' unions, of course, have sometimes resisted such data collection because it might lead to changes in pay formulas.

The unions' move leaves unchanged the central issues of basic pay and a pay formula.

Although professing support for the retention of the pay formula, senior officers hoped industrial action could be avoided.

In the years after 1945, Germany pioneered a distinctive form of capitalism built around broad social welfare programs and nationwide pay formulas.

It was however pointed out that the pay formula had already been agreed at SSC.

Company executives have argued that it is impossible to devise pay formulas for systems that are still in flux.

The chilly reception has had an affect on Saturn's financial performance, which governed pay formulas in the original labor agreement that was signed in 1985.

The speedway pays Formula One a sanctioning fee generally believed to be $10 million to $15 million to stage the event.

The compensation committee has revised Mr. Immelt's pay formula so that he will be enriched if the company exceeds certain expectations.

The award, adding £30m to local authorities' wages bill, was the lowest produced by the Fire Pay Formula established in 1977 after a nine-week strike.

Mr Cameron said the Home Secretary appeared 'mystified' about the pay formula but made it clear that 1.5 per cent was the maximum rise available.

Pay formulas, Mr. Bebchuk argues, should take into account any rising tides that are industrywide and unrelated to management prowess.

Mr Cameron warned Mr Clarke that firefighters were angry over the scrapping of their pay formula.

Union officials held an hour-long meeting with Mr Clarke at the Home Office, urging him to retain the pay formula set up after the bitter nine-week strike in 1977/78.

Labor experts said a substantial number, but far from a majority, of cities with unionized work forces had contracts with some merit pay formula, but almost always on top of an across-the-board wage increase.

A spokesman for the Fire Brigades Union said the pay formula had now brought industrial peace since it was set up in 1977 and 'therefore it is in everyone's interest to retain it.'

While Mr. Mancheski accepts that he had agreed to Mr. Gabelli's initial pay formula, he questions its suitability for the leader of a company that has grown so large.

Mr Roger Poole, the chief union negotiator, said they would now be seeking an increase in the offer of 6.5 per cent on basic rates, an automatic pay formula for future years and the return of overtime payments.

The crucial issue, union reps say, is not so much the imposition of a maximum 1.5 per cent increase in line with the rest of the public sector but the abandonment of the all-party agreement on the fire service pay formula.

McLaren's success in Can-Am brought with it financial rewards, both prize money and money from selling cars to other teams, that helped to support the team and fund the nascent and relatively poor paying Formula One programme.

In its proxy, Cendant's compensation committee said its pay formula for Mr. Silverman could yield larger bonuses than he received in past years, but noted that his compensation fell more than 60 percent in 2002 from the previous year.

Executive pay formulas in the US sometimes are criticized on grounds 'morality' and 'fairness'-that they are simply too large-and sometimes on pragmatic grounds-that the packages are not designed to give executives incentive to perform and maximize shareholder value.

Having declined to accept his full bonus in 15 of the last 16 years, Eugene M. Isenberg, the chairman and chief executive of Nabors Industries, an oil driller, decided that it was time to revise his pay formula - but he will just be enriched in a different way.