net compensation definition

net compensation means the total net amount of payments, rebates or incentives received by an issuer from the payment card scheme, the acquirer or any other intermediary in relation to card-based payment transactions or related activities;

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net compensation means the total net amount of payments, rebates or incentives received by an issuing payment service provider from the payment card scheme, the acquirer or any other intermediary in relation to payment transactions or related activities;

net compensation means Gross Compensation earned by and while a Representative of the Company multiplied by the Participant's payout rate (as defined in the applicable current H.D. Vest payout schedule) and less any fees, expenses, or other amounts which reduce Gross Compensation.

Examples of net compensation in a sentence

• Subject to the execution of a Non-Disclosure Agreement, a bargaining unit employee who is an Author is entitled to receive upon request supporting documentation (including but not limited to relevant terms of the Agreement or the Agreement itself, subject to a Non-Disclosure Agreement and redaction of non-relevant information) necessary to evidence the calculation of the Initial Option Payment, Gross Compensation, Net Compensation, and the Author’s Share, and payment for the Author’s services.

• The Company will create a pool equal to 10% of Net Compensation that will be distributed equally to such contributors, should they exist.

• After the pool has been distributed, the Company and the Author will divide the remaining Net Compensation as set forth in Section E(i) above.

• It is understood that the existence of an Agreement for a Work of which a bargaining unit employee is an Author does not necessarily mean that there will be an Initial Option Payment, Option Renewal Payment, or Net Compensation on which to base the Author’s Share and that, in any case, neither an Initial Option Payment, Option Renewal Payment, nor any Author’s Share payments is guaranteed; such payment(s) may not exist at all.

• The Company will pay the Author’s Share within 45 days of the Company’s receipt (if and as applicable) of any Initial Option Payment, Option Renewal Payment, or Net Compensation to which the Author’s Share relates.

More Definitions of net compensation

net compensation means Gross Compensation earned by and while a Representative of the Company multiplied by the Participant's payout rate (as defined in the applicable current H.D. Vest payout schedule) and less any fees, expenses, or other amounts which reduce Gross Compensation. T. "Participant" means a Representative of the Company who elects to participate in the Plan pursuant to Section 3.2 or 3.3, who satisfies all requirements established by the Administrative Committee and who designates a Deferral Amount and a Deferral Period pursuant to the Plan. Participant does not include employees or officers of the Company.

net compensation. Compensation less all amounts withheld therefrom, including, without limitation, social security and Medicare taxes, and contributions by the Participant to any 401(k) Plan or any flexible spending, insurance, long-term disability, transportation reimbursement, or other elective plan or program.

net compensation means, for each Pay Period for each Employee, Gross Compensation for such Employee less federal, state, and local withholding, FICA, and all other applicable payroll deductions.

net compensation means an Employee's total Compensation, less his Pre-Tax Contributions, for a Plan Year.

net compensation means the total amount recovered by the Employee from the third party for all losses including without limitation all general damages and special damages less the legal fees, costs and incurred by the member in relation to such recovery. The Employer shall pay into the sick leave provisions any moneys received as a result of exercising these subrogation rights less legal fees and costs incurred and the Employee’s status and/or entitlements within the affected sick leave provision shall be restored to the extent of such moneys returned to the Sick leave provision.

net compensation means, for purposes of determining Highly Compensated Participants, Key Employees, minimum contributions in a Top Heavy Plan, and the limitation on Annual Additions, the wages, salaries, and fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Employer to the extent that the amounts are includable in gross income (including, but not limited to, commissions paid salespersons, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in Reg. §1.62-2(c)), amounts that are includible in the gross income of an Employee under the rules of Sections 409A or 457(f)(1)(A) of the Code or because the amounts are constructively received by the Employee, and excluding the following:

net compensation means, for purposes of determining Highly Compensated Participants, Key Employees, minimum contributions in a Top Heavy Plan, and the limitation on Annual Additions, wages as defined in Section 3401(a) of the Code for purposes of income tax withholding at the source, but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of employment or the services performed and shall include Elective Contributions to this Plan and, if the Employer has adopted a cafeteria plan under Section 125 of the Code or a qualified transportation fringe benefit plan under Section 132(f)(4) of the Code funded by salary reduction, any amounts contributed thereto. Net Compensation shall not include Employer Contributions to this Plan or contributions to or distributions from any other qualified retirement plan (including Excess Deferrals and Excess Contributions).