Goods and services differential. 1. According to the Company's international mobility policy and when applicable, the Company used to compensate expatriates for cost of living differences between residing in the United States and Brussels, Belgium through the payment of a goods and services differential. Any such adjustment was based on average expenditures by income group and family size as established by an independent research service selected by the Company.
2. Parties agree that the application of the goods and services differential will be fixed at the fourth quarter of 2011 differential i.e USD 141,182 or EUR 108,602 and will be phased-out during a three-year period starting as of January 2012 with the following percentages: • for the calendar year 2012: 100 % of the differential will be awarded; • for the calendar year 2013: 67 % of the differential will be awarded; • for the calendar year 2014: 33 % of the differential will be awarded; • as of calendar year 2015: no differential anymore.
Goods and services differential. Housing differential . Stock Options . Income Tax preparation Both premiums and differentials are paid to you during the assignment. These payments cease upon repatriation or retirement, upon a move to an assignment location where these payments are inappropriate, when you of the Company terminates the assignment, or when you goes on local payroll.
Goods and services differential. The Company shall pay a Goods and Services Differential based on provided by ORC, calculated by multiplying a goods and services index by the amount that an individual of your income level and family size would spend on goods and services in the U.S. The present Goods and Services index for a U.S. resident assigned to the U.K. is 64.2541. The Goods and Services Differential shall be reviewed semi-annually in January and June of each calendar year and recalculated, if necessary.
Goods and services differential. A Goods and Services Differential is the extra spendable income an employee of a particular income level and family size needs to purchase equivalent goods and services in the host location. Your goods and services differential has been determined to be 7,405DM ($3,359) per month (tax protected), subject to quarterly review. To calculate a goods and services differential a third party source tracks price differences between Germany and the US throughout the year. This differential compares the costs in the US with those in Germany calculated at a specific exchange rate in effect at that time. If the difference between the current quarter's goods and services differential is more than 5% above or below the previous quarters differential, the company will protect the differential from severe fluctuations by adjusting only 25% of the difference from the previous quarter.
Goods and services differential. The goods and services differential that was provided to compensate you for the costs of goods in Winnersh, UK will end effective August 31, 2011.
Goods and services differential. The Company will pay a goods and services differential to you each pay period. This amount is intended to compensate for the difference in cost-of- living between the home and host locations and for foreign exchange fluctuation on goods and services expenditures. The goods and services differential is not taxable to you. It is calculated by the Company’s professional consultants and is based on four factors: • Size of your family stationed at London • Your spendable income • Price difference of certain goods between the US and London • Exchange rate ORC pricing agents conduct surveys at least twice a year to determine the costs of goods and services in each location. In those areas experiencing highly inflationary economies, surveys may be conducted as frequently as four times a year.
Goods and services differential. In order to protect you against a potentially high cost of living in the Host Country, KCI will pay you a G&SD differential to maintain comparable purchasing power for goods and services in the Host Country. The GS&D differential has been calculated by AIReS based on Xxxxxx’x Effective Purchasing Index between the Home and Host country In your case, the G&SD differential amounts to an allowance of US $32.000 net per annum for the duration of this Assignment Agreement, which will be paid in monthly increments.
