Expected Remuneration definition
Expected Remuneration means the remuneration which an employee of the Company was receiving as at December 2019 and for the previous 12 months, or at such other appropriate date as determined by the Investor;
Examples of Expected Remuneration in a sentence
The Company shall re-engage the employees of the Company (i) whose terms of employment were altered and/or (ii) who were laid off pursuant to the Severance Payments Act as a result of the COVID-19 pandemic at a level of 80% of their Expected Remuneration up to the NIS maximum insurable amount [which is currently $4,880 per month]; provided that the Investor and Company may agree a higher maximum level in specific individual cases.