Final Remuneration definition

Final Remuneration means the greater of:
Final Remuneration means the average annual remuneration of the last three years” service;
Final Remuneration means the Bondholder’s final remuneration at the date of withdrawal from the service of the Employer, as specified in the application form, appropriately averaged in the case of a 20% Director and calculated in such a manner as is in accordance with the practice of the Revenue Commissioners, increased in proportion to the increase in the cost of living as measured by the Consumer Price Index from the date of withdrawal from the service of the Employer up to the Vesting Date as defined in Section 3 hereof, or the date of death of the Bondholder if earlier. Where the Bondholder is a 20% Director, his remuneration will be increased as detailed above only in the case of death or where at least two thirds of the benefits to which he is entitled from all schemes of the Employer and all annuity policies derived from the same pensionable employment are taken in a non-commutable annuity form.

Examples of Final Remuneration in a sentence

  • They include overtime, commission, bonuses or benefits in kind as long as they are assessable to tax under Case I or II Schedule E and profit related pay (see proviso (viii) to definition of Final Remuneration).

  • The Final Remuneration is considered to be the cost of issuing debt.

  • They include overtime, commission, bonuses or benefits in kind as long as they are assessable to tax under Case I or II of Schedule E and profit related pay (see proviso (viii) to definition of Final Remuneration).

  • At maturity, the lenders of the 8.5% SPAs have the option to demand an additional payment equal to 30% of the principal of the loans as a Final Remuneration.

  • At maturity, the lender of the 8% SPA has the option to demand an additional payment of up to 30% of the principal of the loan as a Final Remuneration.


More Definitions of Final Remuneration

Final Remuneration means subject to (2) below the greatest of:-
Final Remuneration means the greater of A and B, where–
Final Remuneration as follows:
Final Remuneration means in relation to a Member the greater of:
Final Remuneration means in relation to each Member the greater of:
Final Remuneration means the following.
Final Remuneration means your remuneration specified on the Trustee application form, appropriately averaged in the case of a 20% Director, increased in proportion to the increase in the cost of living as measured by the Consumer Price Index from the date of withdrawal from the service of the Employer up to Retirement Day as defined in Section 9 or your date of death, if earlier.