Common use of Guarantee of annual earnings Clause in Contracts

Guarantee of annual earnings. The Company undertakes that the base salary and any other benefits paid to you is a guarantee of annual earnings for the purposes of the FW Act for a period of at least 12 months. You accept that undertaking and acknowledge that Your employment will not be subject to the application of any modern award for any period during which you earn in excess of the high income threshold as defined by the FW Act.

Guarantee of annual earnings. The Company undertakes that the base salary and any other benefits paid to you is a guarantee of annual earnings for the purposes of the FW Act for a period of at least 12 months. You accept that undertaking and acknowledge that Your employment will not be subject to the application of any modern award for any period during which you earn in excess of the high income threshold as defined by the FW Act.. 5.4