Common use of Annual Remuneration Clause in Contracts

Annual Remuneration. (a) Notwithstanding subclause 10.1, an Employee may elect to receive his or her annual remuneration as a combination of wages (payable in accordance with this clause) and benefits payable by the Employer. The sum total of such wages, benefits, Fringe Benefits Tax and Employer administrative charge will equal the appropriate rate of pay prescribed by Clause 9 - Wage Rates. (b) The Employer will determine the range of benefits available to the Employee and the Employee may determine the mix and level of benefits as provided in paragraph 10.2(a). (c) Any payment calculated by reference to the Employee’s salary and payable either: (i) during employment; or (ii) on termination of employment; or (iii) on death shall be at the rate prescribed by Clause 9 - Wage Rates.

Annual Remuneration. (a) Notwithstanding subclause 10.1sub-clause 10.1 and 10.2 of this clause, an Employee employee may elect to receive his or her annual remuneration as a combination of wages (payable in accordance with this clause) and benefits payable by the Employeremployer. The sum total of such wages, benefits, Fringe Benefits Tax tax and Employer employer administrative charge will equal the appropriate rate of pay prescribed by Clause 9 - clause 9, Wage Rates. (b) The Employer employer will determine the range of benefits available to the Employee employee and the Employee employee may determine the mix and level of benefits as provided in paragraph 10.2(a)(a) of this sub-clause. (c) Any payment calculated by reference to the Employeeemployee’s salary and payable either: (i) during employment; or (ii) on termination of employment; or (iii) on death shall be at the rate prescribed by Clause 9 - clause 9, Wage Rates.