Employee Remuneration definition
Employee Remuneration means: ● wages, salary, commission and bonuses in respect of any Employee; ● annual leave (including leave loading), long service leave (whether those entitlements are immediately payable to the employee or not) in respect of any Employee; ● the Company’s contributions to superannuation in respect of any Employee; ● payments by the Company on death, disability or retirement of any Employee; and ● any fringe benefit (within the meaning of the Fringe Benefits Tax Assessment Act 1986) in respect of any Employee. Encumbrance includes:
Examples of Employee Remuneration in a sentence
The term “Code Section 162(m) Deduction Limitation”means the Applicable Employee Remuneration of any Covered Employee for the taxable year that exceeds $1,000,000 or any comparable limit specified in any future legislation amending, supplementing or superseding Code Section 162(m).
Employee Remuneration, etc.......................................14 3.11.
As approved by the CEO or another authorised representative of the Company, in addition to paying the Employee Remuneration Package, the Company will reimburse the Employee for all reasonable out-of-pocket expenses necessarily incurred by the Employee in the performance of the Employee’s duties in connection with the business of the Company or the Group.