Common use of Reporting Total Compensation of the Recipient’s Executives Clause in Contracts

Reporting Total Compensation of the Recipient’s Executives. 1 Applicability and what to report. The Recipient agrees to report the total compensation for each of its five highest compensated executives for the preceding completed fiscal year if: (i) Received 80 percent or more of the Recipient’s annual gross revenues from Federal procurement contracts (and subcontracts) and Federal funds subject to the Transparency Act, as defined in 2 C.F.R. § 170.320 (and subawards), and (ii) Received $25,000,000 or more in annual gross revenues from Federal procurement contracts (and subcontracts) and Federal funds subject to the Transparency Act, Pub. L. 109-282, as defined in 2 C.F.R. § 170.320 (and subawards), and (i) Section 13(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78m(a), (ii) Section 15(d) of the Securities Exchange Act of 1934, 15 U.S.C. § 78o(d), or