Includable Compensation Clause Samples
The Includable Compensation clause defines which types of employee earnings or payments are counted for specific purposes, such as calculating retirement plan contributions or benefits. Typically, this clause outlines what forms of compensation—such as salary, bonuses, commissions, or overtime—are included or excluded from the calculation base. By clearly specifying what is considered includable, the clause ensures consistency and fairness in benefit calculations, preventing disputes and misunderstandings about eligibility or contribution amounts.
Includable Compensation. Severance Benefits provided hereunder shall not be considered “includable compensation” for purposes of determining the Executive’s benefits under any other plan or program of the Company.
Includable Compensation. Change in Control Severance Benefits and General Severance Benefits provided hereunder shall not be considered “includable compensation” for purposes of determining the Executive’s benefits under any other plan or program of a Participating Company unless otherwise provided by such other plan or program.