High income guarantee. In accordance with section 330 of the Fair Work Act 2009 (Cth) (FW Act), this agreement constitutes an undertaking by the Company to pay the Executive a guarantee of annual earnings. As a result of this undertaking, if at any time the Executive’s employment becomes covered by a modern award, that modern award will not apply to the Executive for the period when the Executive’s TRC (less superannuation) exceeds the high income threshold.
Appears in 4 contracts
Samples: Executive Service Agreement (Gelteq LTD), Executive Service Agreement (Gelteq LTD), Executive Service Agreement (Gelteq LTD)
