Benefits in kind. The fair value of a benefit in kind shall be applied as its cash value when applying the remuneration system. If the fair value cannot be determined, then the taxable value shall be applied instead. The National Board of Taxes annually specifies the criteria for determining the cash value of benefits in kind for tax purposes. An example of reckoning the value of a benefit in kind (motor vehicle benefit and telephone benefit) Cash salary EUR 2,200 Taxable value of motor vehicle benefit EUR 300 Taxable value of telephone benefit EUR 20 Cash value of benefits in kind notified in salary statistics EUR 320 EUR 320 Total salary applicable for the purpose of salary regulations EUR 2,520 14 Seniority bonus Unless the time of payment of seniority bonus is otherwise locally agreed, a seniority bonus shall be paid to the salaried employee at the time of the salary payment immediately following 1 December according to the length of the employee’s continuous employment at the end of November of the same year. The bonus shall be paid as follows: Length of uninterrupted employment Formula for calculating the bonus At least 10 but not 15 years 0,15 x Lkk x 12 monthly salary including benefits in kind At least 15 but not 20 years 0,30 x Lkk x 12 monthly salary including benefits in kind At least 20 but not 25 years 0,45 x Lkk x 12 monthly salary including benefits in kind 25 years or longer 0,60 x Lkk x 12 monthly salary including benefits in kind Where Lkk is the number of leave-earning months in the preceding leave-earning year. A seniority bonus payment period of less than one year may also be agreed locally. If the seniority bonus is paid at periods of three months or less, then it shall be treated as ordinary monthly salary for various pay and pay administration purposes (including annual holiday pay, salary for part-time work, and supplements for overtime and Sunday work).
Benefits in kind. Benefits in kind shall be provided and reimbursed according to the Part III - Section 1 of this Agreement.
Benefits in kind. (1) The insured person shall, in order to receive benefits in kind in pursuance of Article 24 of the Agreement, submit to the institution of the place of residence or stay, the certificate/form issued by the institution in which he is insured.
Benefits in kind. The provision and reimbursement of benefits in kind is governed by the provision of Part III, Section I on sickness and maternity benefits.
Benefits in kind. The provision and the reimbursement of benefits in kind by reason of an occupational disease or work accident shall be governed by the provision of Part III Section I of this Arrangement. Article 17
Benefits in kind. The new pay and grading structure is based on the fundamental principle that all staff, whose job has been judged as being of a size to cause it to be placed in a particular grade, should receive the same level of reward irrespective of the nature or the location of their job within the University. This means that no free benefits in kind should be made available to staff based purely on their work location or the particular activities carried out by the member of staff or their Department. It is however recognised that there will be occasions when members of staff do have to be provided with equipment to enable them to fully carry out the requirements of their role (e.g. mobile phones). In these situations the individual would be expected to re-imburse the University in respect of any personal benefit they gained from their use.
Benefits in kind. 16.1 The Company will reimburse the Executive’s reasonable fees in relation to his tax filings for all years (current and future) during which he receives compensation and benefits (including without limitation, severance benefits and equity payments), and for reasonable support for any tax authority audit relating to any such year provided the arrangements are consistent with those in place prior to the date of the Coordination Agreement and that the Executive engages the same advisers as he instructed for 2014 (or otherwise selects new advisers in consultation with AMEC or the Company).
Benefits in kind. 6.1 Due to the purposes of performing the Services, Xx. Xxxxxxx will be provided by the Company with a company car. The Company is entitled to determine the type and value of the company car. Placing a company car at the disposal of Xx. Xxxxxxx constitutes a benefit in kind, which shall be taxed in conformity with the applicable legal and regulatory provisions.
