COMPENSATION A. Basic Definition For Plan Years beginning on or after January 1, 1989, the following definition of Compensation shall apply: As elected by the Employer in the Adoption Agreement (and if no election is made, W-2 wages will be deemed to have been selected), Compensation shall mean one of the following:
1. W-2 wages. Compensation is defined as information required to be reported under Sections 6041 and 6051, and 6052 of the Code (Wages, tips and other compensation as reported on Form W-2). Compensation is defined as wages within the meaning of Section 3401 (a) of the Code and all other payments of compensation to an Employee by the Employer (in the course of the Employer's trade or business) for which the Employer is required to furnish the Employee a written statement under Sections 6041(d) and 6051(a)(3), and 6052 of the Code. Compensation must be determined without regard to any rules under Section 3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401 (a)(2)).
2. Section 3401(a) wages. Compensation is defined as wages within the meaning of Section 3401(a) of the Code, for the purposes of income tax withholding at the source but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401 (a) (2)).
3. 415 safe-harbor compensation. Compensation is defined as wages, salaries, and fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Employer maintaining the Plan to the extent that the amounts are includible in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in 1.62-2(c)), and excluding the following:
a. Employer contributions to a plan of deferred compensation which are not includible in the Employee's gross income for the taxable year in which contributed, or employer contributions under a simplified employee pension plan to the extent such contributions are deductible by the Employ...
COMPENSATION A. CONTRACT AMOUNT, is revised to read as follows: In consideration for the services to be performed under this contract, WorkQuest and the Performing Party shall be paid an amount not-to-exceed $1,035.40, monthly and $12,424.80, annually for all fees and expenses for the first renewal period.
COMPENSATION A. Lead Mentors who successfully complete all job responsibilities and provide professional development will receive an annual differential of $3,000.00 for their services in recognition of their additional responsibilities and time worked beyond the professional day and year.
COMPENSATION A. The Manager or its subsidiary or affiliate who performed the Service will be entitled to renewal rights relative to ASI's private passenger auto book of business plus payment equal to the difference between .95 X earned premium for the period during which this agreement is in force and the fully developed Accident Year Loss & ALAE amount as recorded on ASI's books for that same period plus 100% of ULAE for personal auto lines business as reserved on the Company's books at the original effective date of this agreement. ·
COMPENSATION A. Agent shall remit to Company a percentage of the gross Premiums as set for in Schedule A on all Title Assurances issued by Agent. Agent shall hold Company's percentage of gross Premiums in trust for Company until such time as such remittances are made to Company.
COMPENSATION A. CONTRACT AMOUNT, is revised to read as follows: “The total contract amount for the period of September 1, 2018, through August 31, 2019, is not to exceed
COMPENSATION A. Commissions At the beginning of each calendar week (each Monday), or on a more frequent basis as determined solely by SBC (but not more frequently than daily), Phone1 shall forward to SBC an electronic data feed containing the Call Detail Records of all completed Phone1 calls made during the prior calendar week (Monday through Sunday), or if received on a daily basis, during the previous day, and any other calls not previously forwarded, broken down between call types. SBC shall acknowledge receipt of the Call Detail Records and confirm the total numbers for each call type, which Phone1 shall use to determine if the success of the data transmission. Unless agreed to otherwise by the Parties, if the beginning of a calendar week falls on a holiday (defined as a day the federal government is closed), Phone1 shall forward to SBC the Call Detail Records on the next business day (Tuesday) of all Phone1 calls made during the prior calendar week or day, as applicable. On the first Monday of each calendar month, Phone1 shall, along with transmitting the Call Detail Records for the previous week, invoice SBC for the Phone1 calls made during the entire previous calendar month. SBC shall pay to Phone1 the revenues generated from the Phone1 calls ("Gross Receipts"), less commissions owed by Phone1 to SBC calculated as a percentage of the revenues according to the following schedule ("Net Receipts"): SBC COMMISSIONS --------------- DOMESTIC LONG DISTANCE Attachment A INTERNATIONAL LONG DISTANCE Attachment B [CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2] B. Dial-Around Waiver. SBC understands that Phone1's provision of the Services may utilize a toll-free 1-800 subscriber or access number or numbers. In further consideration of the Services, SBC hereby agrees to waive its entitlement, if any, to federally mandated dial-around compensation for calls to such toll-free subscriber or access 1-800 number(s) for the term of this Agreement. The Parties understand that SBC does not waive its entitlement to any dial-around compensation not directly related to Phone1's provisioning of the Services as described in this paragraph. For purposes of this paragraph, Phone1's provisioning of Services shall encompass the completing of what appear to the consumer to be direct-dialed or 1+ long distance calls (that is, if a phone user physically dials a 1-800 number, other than to Phone1 Customer Service, t...
COMPENSATION A. The VILLAGE shall pay the COUNTY a fee of $47,169.69 for the year of service, payable in two equal payments, the first due on the 15th of June 2019 and the second due on the 1st of November 2019. B. The initial fee has been calculated by the COUNTY after considering the following: 1) The VILLAGE’s percentage of operating costs based on a 5 year average of call data from 2013-2017.
COMPENSATION A. The parties agree that this shall be a tuition reimbursement contract. Compensation for the services covered by this Agreement shall be at a rate less than or equal to the published tuition rate of Vendor, and shall be disbursed in accordance with tuition reimbursement and refund policies agreed to by Vendor. City shall be reimbursed any amount of Pell or other Education Assistance payments made to Vendor for training costs on behalf of JTPA participants or, if needed, City may renegotiate the use of the Pell grant to meet the supportive service(s) needs of participant(s). Fifty percent (50%) of tuition is paid upon verification that participant has completed one half of total training hours as stipulated herein. The remaining 50% payment is made upon verification of completion of training, or on a prorata basis in accordance with vendor's tuition refund policy. The City shall be entitled to the same refund policy and procedures as applied to all other students. City shall process the billing as received and issue payment therefore as soon as reasonably practicable and in the ordinary course of City business. Compensation shall be made as stipulated herein and in accordance with SBSDA/JTPA directives, and tuition reimbursement procedures.
COMPENSATION A. The Managing Director's salary effective April 1, 1996 shall be the equivalent of US$440,000.00 (four hundred forty thousand dollars) per year (payable in such currency as the Managing Director and the Company may agree), which amount may be increased from time-to-time at the sole discretion of the Company. The salary paid the Managing Director is subject to withholdings required by law and other deductions agreed to by the Managing Director. The Managing Director shall be paid in accordance with procedures which will be agreed upon between the Company and the Managing Director based on where the Managing Director has established his residence, his principal work location, relevant regulations and related considerations. The Managing Director's salary shall not be subject to reduction without the Managing Director's agreement during the term defined herein.
B. In order to provide the Managing Director financial incentive to achieve and/or exceed the goals of the Company and to encourage the Managing Director to continue his services to the Company well into the future, the Managing Director shall be eligible to participate in Management Incentive Plans established by the Company which shall provide the Managing Director with the opportunity to earn additional compensation based upon the financial results of the Company and upon the Managing Director's individual performance. Such plans shall be comprised of the following: (i) a short term portion with a target amount of incentive pay of not more than 50% of the Managing Director's aggregate base annual salary effective as of January 1 of each year to which this Agreement applies (or as of April 1, 1996 with respect to the year commencing on such date), which amount may be increased from time to time at the sole discretion of the Company. The short term incentive award will be payable annually following the close of the Company's fiscal year and upon final approval of the Supervisory Board of the Company.
