Compensation Reductions definition

Compensation Reductions means the amount by which a Participant reduces his compensation to purchase benefits under the Plan (i.e., pre-tax contributions to the Plan). Compensation Reductions shall be deducted in equal amounts from a Participant’s paychecks over the entire Plan Year or over a nine-month period during the Plan Year. The nine-month period shall correspond with Employer’s school year.
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Compensation Reductions means, with respect to the Borrower or any Subsidiary, the reduction of the total amount of compensation, including wages and benefits, paid to its United States employees so that, by no later than December 31, 2009, the average of such total amount, per hour and per person, is an amount that is competitive with the average total amount of such compensation, as certified by the Secretary of the United States Department of Labor, paid per hour and per person to employees of Nissan Motor Company, Toyota Motor Corporation, or American Honda Motor Company whose site of employment is in the United States.
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Compensation Reductions means, with respect to the Borrower or any Subsidiary, the reduction of the total amount of compensation, including wages and benefits, paid to its United States employees so that, by no later than December 31, 2009, the average of such total amount, per hour and per person, is an amount that is
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Examples of Compensation Reductions in a sentence

  • NOTE: An immediate standard reduction to the Contractor’s compensation will be applied if a section is closed when an attendant is not actively cleaning and/or servicing that section as specified in Standard Compensation Reductions.

  • NOTE: An immediate standard deduction to the Contractor’s compensation will be applied when sidewalks are not maintained as specified in Standard Compensation Reductions.

  • Yes/No$ Amount or% Reduction Standard Compensation Reductions in personnel, supplies, and procedures are effective immediately.

  • NOTE: Failure to comply with the Adverse Weather Policy will result in an immediate standard reduction to the Contractor's compensation when the required number of attendants are not present or on duty for any part of all shifts as specified in Standard Compensation Reductions.

  • NOTE: Failure to make repairs within the time limits will result in an immediate documentation of reduction in compensation as specified in Standard Compensation Reductions.

  • NOTE: Failure to recycle as specified will result in an immediate reduction in compensation as specified in Standard Compensation Reductions.

  • NOTE: An immediate standard deduction to the Contractor's compensation will be applied when staff is not in specified uniform, or when the Contractor is without a uniform rental and cleaning contract, as specified in Standard Compensation Reductions and Daily Compensation Reduction Schedule.

  • Contractor’s employee working for vending personnel will be considered as “Attendant Not on Duty” as specified in Standard Compensation Reductions.

  • An immediate standard compensation reduction for insufficient dumpster services is specified in Standard Compensation Reductions.

  • NOTE: Failure to fertilize within the time frame as specified will result in immediate documentation of reduction in compensation as specified in Standard Compensation Reductions.


More Definitions of Compensation Reductions

Compensation Reductions means the amount by which a Participant reduces his or her Compensation to purchase benefits under the Plan (i.e., pre-tax contributions to the Plan). Compensation Reductions shall be periodically deducted from a Participant’s paychecks during payroll periods during the Plan Year.
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Compensation Reductions means contributions made by an Employer pursuant to a Participant's salary reduction election under Articles 4.2 and 4.3.
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Compensation Reductions means the amount by which a Participant reduces his Compensation to purchase benefits under the Plan (i.e., pre-tax contributions to the Plan). Compensation Reductions shall be deducted in equal amounts from a Participant’s paychecks during the Plan Year.
Sample 1
Compensation Reductions means the amount by which a Participant reduces his Compensation to purchase benefits under the Plan (i.e., pre-tax contributions to the Plan).
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Related to Compensation Reductions

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • 415 Compensation means:

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • 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 day prior to the Change in Control, and (ii) the Average Incentive Bonus.

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

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Final compensation of a member means:

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Earnable compensation means the full rate of the

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Salary as defined in Section 3.1(a).

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).