Employee Compensation definition

Employee Compensation means the total amount paid to an employee in a pay period, (prior to statutory deductions and income tax), including overtime and shift premiums, vacation pay, and payment for statutory holidays.

Employee Compensation means the total cost incurred by the Company or Subsidiary towards Employee Compensation including basic salary, dearness allowance, other allowances, bonuses and commissions, and the value of all perquisites provided, but does not include the fair value of the Stock Option granted under this plan.

Employee Compensation means the total cost incurred by the company towards employee compensation including basic salary, dearness allowance, other allowances, bonus and commissions including the value of all perquisites provided, but does not include:

Examples of Employee Compensation in a sentence

• Contractor shall be responsible for compliance of all statutory rules, regulation, act enforced from time framed by the government such as Factory Act, Employee Compensation Act, payment of ‘Wages Act’, Minimum Wages Act’, Provident Fund Act, Payment of Bonus Act, Labor Law Act, maternity benefit act in respect of employees engaged by him for the work and shall have to maintain necessary records.

• The Contractor Employee Compensation Plan shall describe the Contractor’s policies regarding compensation, pensions and other benefits, and how these policies will support at reasonable cost the effective recruitment and retention of a highly skilled, motivated, and experienced workforce.

• In case UGVCL becomes liable to pay any wages or dues to labour or any Government agency under any of the provisions of the Minimum Wages Act, Payment of Wages Act, Employee Compensation Act, Contract Labour Regulation Abolition Act, Employee Provident Fund or any other law due to act of omission of the Contractor, UGVCL may make such payment and shall recover the same from the Contractor’s bills.

• Contractor shall take all risk Insurance Policy to cover all his workmen/employees, staff applicable under the Employee Compensation Act 1923 or any amendment thereof as also insurance cover for third party liability.

• In establishing an initial workforce, and through the first six (6) months after Contract award, the Contractor shall give a first preference in hiring for vacancies in non-managerial positions under this Contract to Incumbent Employees (as defined in paragraph (b) of the Section H Clause entitled, Employee Compensation: Pay and Benefits) who meet the qualifications for a particular position.

More Definitions of Employee Compensation

Employee Compensation employee salary, bonus and other compensation and social costs, including the cost of all retirement, health and other welfare and benefit plans maintained on behalf of such employee;

Employee Compensation has the meaning set forth in Section 6.05.

Employee Compensation means any employee compensation, other than an Employee's base salary, or an award of Incentive Compensation, determined by the Committee to be properly deferrable under the Plan.

Employee Compensation. Compensation: ● Total shares: Eleven Million (11,000,000) common shares. (9,000,000 million originally in Reg A Offering and an additional 2,000,000 million as promotional bonus) Annual Compensation: ● Annual salary of Three Hundred and Fifty Thousand Dollars ($350,000); and ● All commercially reasonable expenses. All compensation is subject to all necessary state and federal tax withholding requirements, payable in accordance with the Employer’s normal payroll practices.

Employee Compensation means, for any Plan Year, the amount of the Employee's Compensation which is taken into account under the Plan in calculating the contribution which may be made on his behalf for such Plan Year. Any compensation paid to, or on behalf of, a Family Member, as defined in Section 1.20, shall be treated as if it were paid to, or on behalf of, the Five Percent (5%) Owner or Highly Compensated Employee with respect to whom the individual is deemed to be a Family Member.

Employee Compensation means the total cost incurred by the company towards employee compensation including basic salary, dearness allowance, other allowances, bonus and commission including the value of all perquisites provided but does not include: (a) The fair value of the option granted under an employee stock option scheme; and (b) the discount at which shares are issued under an employee stock purchase.

Employee Compensation means any compensation, payments, rights or benefits, directly or indirectly, whether in the form of cash, equity or any other property, that is paid or payable or provided to, accrued on behalf of, or for which a liability exists or could reasonably be expected to exist for, any Person who is or was previously an officer, employee, consultant, manager, director, independent contractor or other service provider (a “Covered Employee”) of the Company or any of its Subsidiaries (the “Covered Entities”), which is paid, provided, accrued, or incurred in connection with such Covered Employee’s service as a Covered Employee, including (i) any salary (or base compensation), bonus, incentive compensation, severance (or other post-termination compensation, rights or benefits), retention, change of control, deferred compensation, paid time off, phantom compensation, insurance or other retirement or welfare obligations or benefits, indemnification obligations and other payments, rights and/or benefits payable or provided to any Covered Employee; (ii) any compensation, payments, rights or benefits provided pursuant to or under any employee benefit plan or any other plan, policy, practice, program, arrangement or agreement (whether or not subject to ERISA); (iii) any cash-based or equity-based incentive compensation, profit sharing arrangements, stock or equity options, restricted stock or equity-based grants or awards, stock or equity appreciation rights or awards, stock or equity bonuses, stock or equity purchases, stock- based compensation, or other similar cash or equity- based compensation (the items in clauses (i),