Annual Remuneration Package definition

Annual Remuneration Package means the Permanent’s gross base annual salary plus any other cash payment made or to be made in connection with the Permanent’s engagement (whether to the Permanent or to any third party for the benefit of the Permanent) the amount of which is known or able to be determined at the date on which the Permanent is engaged but does not include any commission or bonus payments that are dependent upon performance or non-cash consideration.
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Annual Remuneration Package means the monetary and non-monetary entitlements of the Employee specified in Schedule 3;
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Annual Remuneration Package means the total of all monies payable and benefits that an employed person may be entitled to: including without limitation on salary, CPF, guaranteed bonuses, commissions, profit sharing or other identifiable financial benefits. Employer provided motor vehicles will be deemed as having a value of SGD$25,000 per annum. Joining inducements, housing allowances and expatriate benefits will be deemed to be part of the remuneration package. Where bonuses are not guaranteed, two thirds of the likely bonus amount quoted by the Client will be the amount to be included in the calculation of the package. “Assignment” means the role to be performed by the Temporary Worker under the Client's direction, supervision and control pursuant to the Assignment Schedule.
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Examples of Annual Remuneration Package in a sentence

  • The Annual Remuneration Package provides for salary sacrificing in accordance with the Fringe Benefits Tax Assessment Act 1986 and related Fringe Benefits Taxation rulings of the Australian Taxation Office.

  • You will be paid an annual remuneration package of $<insert amount> (Annual Remuneration Package) exclusive of superannuation, as set out in Schedule C.

  • The Annual Remuneration Package is subject to the deduction, or withholding of any amounts on account of, any applicable taxation.

  • Superannuation contributions will be calculated on your Annual Remuneration Package, including any allocated fringe benefit amounts.

  • The payment in lieu will be equal to the amount of the Annual Remuneration Package, annual leave, long service leave and any other entitlements that the Minister would have received for the period of notice which the Church does not require you to work.

  • The Church may, in its sole and absolute discretion, increase the amount of your Annual Remuneration Package as a result of such review.

  • You understand and accept that the respective proportion of the Annual Remuneration Package to be paid to you both is agreed and is set out in Schedule C in the respective agreements.

  • The Additional Investment Amounts of any Invitee (excluding the Charitable Fund) must be: (i) equal to or exceed one-sixth (1/6th) of the Annual Remuneration Package of such Invitee; and (ii) not more than two times the Annual Remuneration Package of such Invitee.

  • A Remote Allowance not exceeding 4 % of the Total Annual Remuneration Package may also be payable.

  • Therefore, the Annual Remuneration Package is inclusive of superannuation contributions.


More Definitions of Annual Remuneration Package

Annual Remuneration Package means your monetary and non-monetary entitlements specified in Schedule 1;
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Annual Remuneration Package means the total of all monies payable and benefits that an employed person may be entitled to: including without limitation on salary, CPF, guaranteed bonuses, commissions, profit sharing or other identifiable financial benefits. Employer provided motor vehicles will be deemed as having a value of SGD$25,000 per annum. Joining inducements, housing
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Related to Annual Remuneration Package

  • Remuneration Report means the remuneration report which forms part of the Directors’ Report of the Company for the financial year ended 30 June 2020 and which is set out in the 2020 Annual Report.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Annual Salary means the salary given under this Part.

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Bonus means the bonus described in the Section 2.3.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.