Definition of Compensation. Your organization is considered a subrecipient of federal funds. Unless your organization is exempt, FFATA requires you to report total compensation for each of your five most highly compensated executives for the preceding completed year. Total compensation means the cash and non-cash dollar value earned by the executive during the subrecipient's preceding fiscal year and includes the following: salary and bonus; awards of stock, stock options, and stock appropriation rights; earnings for services under non-equity incentive plans; change in pension value; above-market earnings on deferred compensation which is not tax-qualified; and other compensation as defined in 2 CFR Part 170, Section 170.330(b)(5)(vi). More detailed information about the FFATA can be found at: xxxx://xxxxxxx.xxxxxx.xxx.xxx/2010/pdf/2010- 22705.pdf If you have any questions, contact: Xxxx Xxxxxxx Program and Funding Services Manager Oregon Department of Transportation 000 00xx Xxxxxx XX
Definition of Compensation. A Participant’s Compensation for purposes of Non-Safe Harbor Matching Contribution # 2 will be determined as indicated below.
Definition of Compensation. Compensation includes wages, salary, commissions, bonuses, and tips, but does not include income from interest, dividends, or other earnings or profits from property, or amounts not included in your taxable income. It also includes your earned income if you are self-employed (reduced by deductible Xxxxx plan contributions and one-half of your self-employment taxes) and taxable alimony. The IRS treats as compensation any amount properly shown on your Form W-2 as “wages, tips, and other compensation” reduced by the amount shown on that form as distributions from nonqualified plans.
Definition of Compensation. For purposes of termination, compensation at the time of termination shall be deemed to include accrued sick and vacation and salary through the effective date of termination, plus any and all benefits normally granted by Employer to Employees upon termination.
Definition of Compensation. Compensation shall exclude the item(s) listed below: [ X ] No exclusions. [ ] Overtime pay. [ ] Bonuses. [ ] Commissions. [ ] Longevity pay. [ ] Severance pay. [ ] Fringe benefits, expense reimbursements, deferred compensation and welfare benefits. [ ] Accrued vacation or sick leave paid upon termination of employment and moving expenses. [ ] Other: [must be definitely determinable]
Definition of Compensation. Compensation includes your wages, salary, commissions, bonuses, and tips, but does not include income from interest, dividends, or other earnings, or profits from property, or amounts not included in your taxable income. It also includes your earned income if you are self- employed (reduced by deductible Xxxxx plan contributions and one-half of your self-employment taxes) and taxable alimony. The IRS treats as compensation any amount properly shown on your Form W-2 as “wages, tips, and other compensation” reduced by the amount shown on that form as distributions from nonqualified plans. In addition, nontaxable combat pay is also considered compensation eligible for Xxxx XXX contributions, effective retroactively, beginning with tax year 2004.
Definition of Compensation. Your organization is considered a subrecipient of federal funds. Unless your organization is exempt, FFATA requires you to report total compensation for each of your five most highly compensated executives for the preceding completed year. Total compensation means the cash and non-cash dollar value earned by the executive during the subrecipient's preceding fiscal year and includes the following: salary and bonus; awards of stock, stock options, and stock appropriation rights; earnings for services under non-equity incentive plans; change in pension value; above-market earnings on deferred compensation which is not tax-qualified; and other compensation as defined in 2 CFR Part 170, Section 170.330(b)(5)(vi). More detailed information about the FFATA can be found at: xxxx://xxxxxxx.xxxxxx.xxx.xxx/2010/pdf/2010- 22705.pdf If you have any questions, contact: Xxxxx Xxxxxx Program and Funding Services Manager Oregon Department of Transportation 000 00xx Xxxxxx XX Salem, OR 97301 Xxxxx.Xxxxxx@xxxx.xxxxx.xx.xx Telephone: 000-000-0000 EXHIBIT C – RFFA AWARD LETTER RE: Willamette Boulevard Active Transportation Corridor, RFFA Funding Award Conditions and Next Steps Dear Xxx Xxxxxx, City of Portland Congratulations! Metro Council recently adopted Resolution 20-5063, which formally allocated funding to projects through the 2022-2024 Regional Flexible Funds Allocation (RFFA). This letter will serve as Metro’s official notice of our intent to provide your agency with funding for the referenced project through the RFFA. We are looking forward to working with you over the next several years to develop and/or construct the referenced project. The amount of RFFA funding awarded is $4,456,000. Prior to this funding being available for use, there are several steps in the process leading to a notice to proceed and the ability to spend the RFFA funds. Additionally, there may be conditions specific to your project to which your agency will be required to adhere. This letter will provide details on these areas. Please note that you will not be able to request reimbursement for any expenditures of staff, consultant time, or any other project-related expenses until an intergovernmental funding agreement (IGA) with ODOT is signed by both parties and you have received an official notice to proceed. Expenditures related to this project occurring prior to an official notice to proceed date will not be eligible for reimbursement. Next Steps Metro staff will contact you to set up a proj...
Definition of Compensation. The Salary, and the other perquisites set forth in this Agreement including the Benefits, are herein collectively referred to as the "Compensation."
Definition of Compensation. Please indicate whether you will exclude any or none of the following from the retirement contribution compensation base (if excluding more than one, be sure to check all that you wish to exclude): No exclusions Or mark one or more of the following: Exclude payment-in-lieu-of-FICA (paid to ministers), Exclude amounts paid to employees for federal and state income taxes owed on benefits provided by the employer for same-sex Civil union or domestic partner benefits if applicable, or Exclude the value of any employer-paid Long-term Disability and Life insurance premiums which are imputed as income to the employee
Definition of Compensation i. [ ] W-2. Wages within the meaning of Code section 3401(a) 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 Code sections 6041(d), 6051(a)(3), and 6052.
