First Year Remuneration definition

First Year Remuneration the salary, bonus earned and other cash equivalent payable by the Client to the successful Candidate in respect of the first year of employment without deduction for any taxation.
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Examples of First Year Remuneration in a sentence

  • For the avoidance of doubt, the First Year Remuneration shall not include the value of employee benefits such as stock options, insurance cover, pensions or other fringe benefits.

  • Commission is charged at the rate of 30% of the Candidate’s total First Year Remuneration under the Relevant Contract (the “Commission”).

Related to First Year Remuneration

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

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

  • Plan Year means the calendar year.