Compensation Structure definition

Compensation Structure. ’ means the characteristics of the various forms of total compensation that an employee receives or may receive, including the amounts of such compensation or potential compensation relative to the amounts of other types of compensation or potential compensation, the amounts of such compensation or potential compensation relative to the total compensation over the relevant period, and how such various forms of compensation interrelate to provide the employee his or her ultimate total compensation. These characteristics include, but are not limited to, whether the compensation is provided as salary, short-term incentive compensation, or long-term incentive compensation, whether the compensation is provided as cash compensation, equity-based compensation, or other types of compensation (such as executive pensions, other benefits or perquisites), and whether the compensation is provided as current compensation or deferred compensation.
Sample 1Sample 2Sample 3
Compensation Structure. You shall receive compensation on funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “
Sample 1Sample 2
Compensation Structure. You shall receive compensation on closed and funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “Compliance Guide.” Closed transactions resulting from fraudulent origination or negligent origination practices, early payoffs or early payment defaults subject to wholesale lender or investor recapture, or failure to collect the minimum quarterly compensation election will result in forfeiture/recapture of total compensation. Innovative Transaction Fee: Select one plan below by placing your initials in the empty space provided. Loan originator may change plans quarterly by submitting a newly executed compensation agreement. The transaction fee will apply to and be deducted from the elected compensation applicable to each closed and funded transaction. Dues ($45/month) initial here Transaction Fee Dues Paying Originator $495 Non-Dues ($0/month) initial here Transaction Fee Non-Dues Originator $795 Compensation Election: Loan originator must elect his or her compensation each quarter. Originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a ceiling. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in the absence of a validly registered compensation election. Loan originator must collect enough revenue per transaction to equal their elected compensation or forfeit their compensation altogether. Compensation exceptions are permissible where they are a legitimate benefit to the borrower, unrelated to compensation and are approved in writing in advance by Innovative management. Innovative will deduct the applicable transaction fee from the elected compensation applicable to each closed and funded transaction.
Sample 1

Examples of Compensation Structure in a sentence

  • ANNEXURE-D Compensation Structure of Consumer Mobility Product and Services The franchisee incentives and discount/ margin (Annexure D) will be issued separately The Compensation Structure of Consumer Mobility Product and Services may be modified from time to time and that will be binding as per the BSNL guidelines issued from time to time.

  • Proposed Compensation Structure (Monthly GuaranteeAnd Percentage) 0-30Total Possible Points 100 10.

  • The Compensation Structure of either Buy-All or Netting Tariff as indicated in the Cover Sheet and further described in Section 4.3 of the Program Rules.

  • Executive Compensation Structure, Ownership, and Firm Performance.

  • The industry prefers an administratively set price to work, but the process must be informed by industry voices and must ensure full transparency in order to function.• Compensation Structure.

  • The Compensation Structure cannot be modified, either before or after the system receives Approval to Energize from the utility.

  • Compensation Structure The purpose of this section is to evaluate the Medicaid provider compensation structure, as this may influence the quality and completeness of data.

  • To at least annually, within the terms of the established Compensation Structure, review the corporate goals and objectives relevant to the compensation of the CEO, evaluate the performance of the CEO in light of those goals and objectives, and set the CEO’s compensation level based on this evaluation, subject to the approval of the Board.

  • The Manager’s Compensation Structure The manager has no outside wealth but rather owns a fraction of the fund.

  • Suspended from Reporting:Measurement #10 Agent Compensation Structure and;Measurement #11 Agent Training and Testing are suspended indefinitely Timely Submission of DataData submissions are due by 11:59 p.m. Pacific time on the date of the reporting deadline.


More Definitions of Compensation Structure

Compensation Structure means the financial offer for the Indoor/Outdoor Advertising Program that includes a Minimum Annual Guarantee (MAG) and a percentage of the annual Gross Advertising Revenues as described in Section VIII.A.3 of the RFP and Exhibit F attached hereto and incorporated herein by reference.
Sample 1
Compensation Structure means the cost of providing the Scope of Services as described in Section IV.A.3 of the RFP and outlined in Exhibit F attached hereto and incorporated herein by reference.
Sample 1

Related to Compensation Structure

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Basic Compensation means Salary and Benefits.

  • Performance-Based Compensation means any compensation that is intended to qualify as “performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Security Based Compensation Arrangement means a stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares to Directors, officers, Employees and/or service providers of the Corporation or any subsidiary of the Corporation, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).