Compensation Credit. The compensation credit is equal to a percentage of the average wage of new employees times the number of new equivalent employees determined under paragraph 8 of this Agreement. The appropriate percentage is determined by comparing the average wage for new employees to the Nebraska average annual wage for the year of application.
(a) Average wage of new employees means the compensation paid to new employees at the project for hours worked, or received during pay periods, when the rate of pay was at or above the required rate of pay divided by the number of new equivalent employees as determined under subparagraph 8(b) of this Agreement.
Compensation Credit. The compensation credit is equal to ten percent of the compensation paid to employees at the project who are not base-year employees for hours worked at the project or received while working at the project.
(a) Compensation means wages and other payments subject to Medicare tax. Compensation shall not include any amount in excess of one million dollars paid to any one employee during the year.
Compensation Credit. Xxxxx will receive a credit against any amount owed pursuant to paragraph 3 above for any compensation paid to Broker by the seller or the seller’s listing broker.
