Modifications to Compensation Clause Samples
Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall exclude the following types of compensation (if any). Specify: . (No exclusions permitted for Code section 414(s) safe harbor compensation.) (Cannot discriminate in favor of Highly Compensated Employees.)
Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for Code section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ f. in excess of $_____ ☐ g. other exclusion - Specify: ________________________________________ (Cannot discriminate in favor of Highly Compensated Employees and cannot involve any Employer Discretion.)
Modifications to Compensation. You must choose option (c) or any combination of (d) or (e). Any exclusion of compensation may result in unallowable discrimination.
Modifications to Compensation. Modifications to Compensation - You must choose option (c) or any combination of (d) or (e).
Modifications to Compensation. Exclusions - Compensation for purposes of Accruals shall exclude the following: (No exclusions in this area, other than e., taxable employee benefits, are permitted for Code section 414(s) safe harbor Compensation.)
Modifications to Compensation. New Employees 8.1(e) Removal of Property 8.1(i) Affiliate Transactions This Asset Purchase Agreement (this “Agreement”), dated as of June 12, 2016 (the “Agreement Date”), by and among Green Plains Inc., an Iowa corporation, or its assignee pursuant to Section 12.4 (“Purchaser”) and one or more other persons designated by the Purchaser (collectively, the “Purchaser Designees”), and by and among Abengoa Bioenergy of Illinois, an Illinois LLC (“AB Illinois”), Abengoa Bioenergy of Indiana LLC, an Indiana LLC (“AB Indiana”, and, together with AB Illinois, the “Sellers”). Purchaser and the Sellers are collectively referred to herein as the “Parties” and individually as a “Party”. For the purposes of this Agreement, capitalized terms used herein shall have the meanings set forth herein or in Article X.
Modifications to Compensation. For Plan purposes as indicated by the columns below, indicate the modifications to Compensation. a. No exclusions from Compensation. N/A b. Same as selections for Plan Compensation. c. Overtime. d. Commissions. e. Discretionary bonuses. f. Bonuses. g. Taxable employee benefits. h. In excess of the specified dollar amount. $ $ $ $ Specify the dollar amount. i. Other exclusion - specify. (Cannot discriminate in favor of Highly Compensated Employees.) Specify the other exclusion from Compensation.
Modifications to Compensation. New Employees
Modifications to Compensation. In connection with Employee’s Transfer, the parties agree as follows:
a. The Employee will continue to be compensated at his current base salary through the Effective Date, in accordance with the Company’s regular payroll practices.
b. Employee shall receive the short-term incentive payout award for 2006 under the Company’s 2006 Short-Term Incentive Compensation program in the ordinary course in his capacity as and for his performance as Senior Vice President and Chief Financial Officer of the Company in 2006.
c. Effective immediately after the Effective Date, as Director of Tax and Treasury, Employee will (i) be a Salary Grade 13 employee, (ii) have a base salary of $120,000 per year, payable in accordance with the Company’s regular payroll practices, (iii) have a short-term incentive opportunity of 20% of base salary, (iv) have a long-term incentive opportunity of 30% of base salary, and (v) be entitled to such other benefits as other employees in similar positions in accordance with the personnel policies of the Company (which benefits do not include a car allowance or financial planning assistance). The Employee acknowledges and agrees that the foregoing terms are subject to change from time to time in the sole and absolute discretion of the Company.
d. Immediately after the Effective Date, Employee shall continue to accrue and be entitled to benefits accrued under any tax qualified retirement plans of the Company in which he participates, if any, in accordance with the terms of such plans.
Modifications to Compensation. For Plan purposes as indicated by the columns below, indicate the modifications to Compensation.
a. No exclusions from Compensation. N/A b. Same as selections for Plan Compensation.
