guaranteed annual wage

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noun

a provision in a contract with an employer guaranteeing the employee a minimum income or work over a period of one year.

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Also called annual wage.

Origin of guaranteed annual wage

First recorded in 1935–40

He was treated like an immigrant, working for minimum wage, missing his family and having to move on from his musical career.
Cuban Hip-Hop Was Born in Alamar|Daniel Levin|December 26, 2014|DAILY BEAST
Of course, declining or stagnant wage growth started well before this president took office.
Time to Bring Back the Truman Democrats|Joel Kotkin|December 21, 2014|DAILY BEAST
Russia depends on oil exports for almost 70 percent of its foreign-currency earnings and almost 50 percent of its annual budget.
How Crimea Crashed the Russian Economy|Anna Nemtsova|December 17, 2014|DAILY BEAST
Perhaps the most Jewish part of the 6th Annual Latke Festival was that the food went way faster than the liquor.
I Ate Potato Pancakes Til I Plotzed|Emily Shire|December 17, 2014|DAILY BEAST

So these fighters were not guaranteed the same protections afforded POWs.
Fact-Checking the Sunday Shows: Dec. 14|PunditFact.com|December 14, 2014|DAILY BEAST
The governor of the fortress was provided with a safe residence in Egypt, and an annual pension of 75,000 piasters.
The Every Day Book of History and Chronology|Joel Munsell
Cincinnatus will not back to his plow, or, at the best, stands sullenly between his plow-handles arguing for a higher wage.
The Unsolved Riddle of Social Justice|Stephen Leacock
If the high wage is paid and the short hours are granted, then the price of the thing made, so it seems, rises higher still.
The Unsolved Riddle of Social Justice|Stephen Leacock
Isaacson did not visit Mrs. Chepstow again before he left London for his annual holiday.
Bella Donna|Robert Hichens
The single employer rightly knows that there is a wage higher than he can pay and hours shorter than he can grant.
The Unsolved Riddle of Social Justice|Stephen Leacock