EXECUTIVE COMPENSATION INFORMATION Clause Samples
The Executive Compensation Information clause requires the disclosure or provision of details regarding the compensation packages of company executives. Typically, this clause outlines what specific information must be shared, such as salaries, bonuses, stock options, or other benefits, and may specify the timing or format for such disclosures. Its core practical function is to ensure transparency and accountability in executive pay, addressing concerns about fairness and regulatory compliance.
EXECUTIVE COMPENSATION INFORMATION. In your business or organization’s previous fiscal year, did your business or organization (including parent organization, all branches, and all affiliates worldwide) receive (a) 80 percent or more of your annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance (e.g. loans, grants, subgrants, and/or cooperative agreements, etc.) subject to the Transparency Act, as defined at 2 CFR 170.320; AND, (b) $25,000,000 or more in annual gross revenues from U.S. Federal procurement contracts (and subcontracts) and Federal financial assistance (e.g. loans, grants, subgrants, and/or cooperative agreements, etc.) subject to the Transparency Act? Yes No
EXECUTIVE COMPENSATION INFORMATION. 1. Select the appropriate boxes under “Executive Compensation Information”
a. If the answer to Question #1 is “Yes,” continue to Question 2.
b. If the answer to Question 1 is “No”, continue to the signature block on the page 49 to complete the certification and submittal process.
c. If the answer to Question #2 is “Yes,” continue to the signature block on page 49 to complete the certification and submittal process.
d. If the answer to Question #2 is “No,” fill out the Total Compensation Chart and continue to the signature block on page 49 to complete the certification and submittal process.
EXECUTIVE COMPENSATION INFORMATION. Review the following questions to determine whether you are required to report executive compensation information.