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

Reporting Total Compensation of the Recipient’s Executives. The Recipient agrees to report the total compensation for each of its five highest compensated executives for the preceding completed fiscal year if: $25,000 or more, and § 170.320 (and subawards) and/or federal procurement contracts (and subcontracts), § 170.320 (and subawards) and/or federal procurement contracts (and subcontracts), and Section 13(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78m(a), Section 15(d) of the Securities Exchange Act of 1934, 15 U.S.C. § 78o(d), or Section 6104 of the Internal Revenue Code of 1986, 26 U.S.C. § 6104 (to determine if the public has access to the compensation information, see the U.S. Securities and Exchange Commission total compensation filings at xxxx://xxx.xxx.xxx/answers/execomp.htm). 3 The Recipient agrees to report executive total compensation described above as part of Recipient’s registration profile at xxxx://xxx.xxx.gov, and by the end of the month after the month in which the Underlying Agreement is executed and annually thereafter.