Compensation Note definition
Examples of Compensation Note in a sentence
The Safe Harbor Nonelective Contribution equals % of a Participant's Compensation [Note: The amount in the blank must be at least 3%.
The safe harbor nonelective contribution equals % of a Participant’s Compensation [Note: the amount in the blank must be at least 3%.].
The Participating Employer makes the following election with respect to including post-severance payments in Compensation (Note: if the following is not completed, no post-severance payments will be included in Compensation by default): x No post-severance payments will be included in Compensation for purposes of computing deferrals under the Plan (if this box is checked, skip to "Modification of the Terms of the Adoption Agreement" below).
The Participating Employer makes the following election with respect to including post-severance payments in Compensation (Note: if the following is not completed, no post-severance payments will be included in Compensation by default): No post-severance payments will be included in Compensation for purposes of computing deferrals under the Plan (if this box is checked, skip to "Modification of the Terms of the Adoption Agreement " below).
In the event a seafarer suffers permanent disability in accordance with the provisions of Article 25 of this Agreement, the scale of compensation provided for under Article 25.3 shall, unless more favorable benefits are negotiated, be: 2019-2020 Degree of Disability Rate of Compensation Note: “Senior Officers” for the purpose of this clause means Master, Chief Officer, Chief Engineer and 2nd Engineer.
The Note replaces all other Notes issued to the Holder previously issued to the Holder for advances made to the Company except for the Note of even date representing previously earned but unpaid compensation for services to the company (the "Compensation Note").
BusinessMall and TheYPD hereby acknowledge that the debts evidenced by the Original Notes, the Settlement Notes, the Compensation Note, the Property Note, and the Rent Note (hereinafter collectively, the "Notes") are bona fide debts of BusinessMall and TheYPD and are not disputed debts, and there is no defense to the payment of any of such Notes in accordance with their terms, as expressly modified by this Agreement.
Furthermore, at all times the Company shall in good faith assist in the carrying out of all the provisions relating to this absolute anti- dilution right and in the taking of all such action whether or not such actions were requested by Long Term Compensation Note holders.
If elected under this subsection (2), the automatic deferral amount will increase each Plan Year by the following amount: (i) % of Plan Compensation but not in excess of (ii) % [not less than 6% nor more than 10%] of Plan Compensation [Note: If the percentage under subsection (1) is less than 6% of Plan Compensation, an automatic deferral of at least 1% must apply under subsection (2)(i).
In the event a seafarer suffers permanent disability in accordance with the provisions of Article 25 of this Agreement, the scale of compensation provided for under Article 25.3 shall, unless more favorable benefits are negotiated, be: 2022 Degree of Disability Rate of Compensation 2023 Degree of Disability Rate of Compensation Note: “Senior Officers” for the purpose of this clause means Master, Chief Officer, Chief Engineer and 2nd Engineer.