Personal Benefits definition

Personal Benefits. The SEC’s prior interpretive releases on what the SEC views as a personal benefit or a “perk,” were previously rescinded by Item 402 and as most recently revised, Item 402 does not specifically define “personal benefit.” Item 402, however, does not require disclosure of personal benefits for any individual if the aggregate amount paid to that individual is less than the lesser of (i) $50,000 or (ii) 10% of that individual’s compensation. In general, the position of the SEC has been that benefits which are directly related to job performance, as well as benefits provided to broad categories of employees and which do not discriminate in scope or terms of operation in favor of officers and directors, may be omitted from the calculation of total compensation, while benefits not so related should be disclosed as compensation. If you have any questions, please resolve the issue in favor of disclosure. The Company will review the necessity for disclosure in the proxy statement with its counsel.
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Personal Benefits means the personal and non- transferable (except by transmission on death) entitlements of a Member to reserve and use External Accommodation,to participate in the External Exchange Programme and such further or other benefits, rights, privileges and entitlements from time to time determined by the Responsible Entity as personal to a Member and non-transferable by that Member (except by transmission on death) to any transferee of that Member’s Membership and excludes the Entitlement ofthat Member. Unless the Responsible Entity otherwise determines, Personal Benefits are extinguished on transfer of that Member’s Membership;
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Personal Benefits means any cover provided and payable under the Policy due to Specified Complications of Pregnancy, any Children's Death Benefit or Multi-Fracture Cover.
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Examples of Personal Benefits in a sentence

  • Requests to be covered for Personal Benefits may only be made: a.

  • One way to prepare your child to stick to your plan is to emphasize your family’s values — and acknowledge that not everyone shares them.

  • With respect to all Personal Benefits and all Dependent Benefits, the period determined in accordance with the Employer's general practice for an Employee in your job class.

  • Perquisites and Personal Benefits Perquisites and personal benefits provided to senior management reflect competitive practices and particular business needs.

  • An employee being employed by, serving as a director of, or providing any services to a company that the individual knows or suspects is a material customer, supplier or competitor of the Company (other than services to be provided as part of an employee’s job responsibilities for the Company).• Improper Personal Benefits.

  • If you have not satisfied the Work Requirements on the date when your Personal Benefits would otherwise become effective, these benefits will become effective on the first day after you satisfy the Work Requirements.

  • Perquisites and Other Personal Benefits The Company’s NEOs are not generally entitled to significant perquisites or other personal benefits not offered to the Company’s other employees.

  • You must satisfy the Work Requirements in order for your Personal Benefits to become effective.

  • Perquisites and Personal Benefits The Company provides basic perquisites and benefits to executive officers, which include health and insurance benefits, as well as a car allowance and parking.

  • You must be Actively at Work in order for your Personal Benefits to become effective.


More Definitions of Personal Benefits

Personal Benefits. The term refers to the value of personal benefits which are not directly related to a person's job performance, furnished by a company (or subsidiaries) directly, or through third persons.
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Personal Benefits mean the benefits which are provided on account of an Employee under This Plan.
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Related to Personal Benefits

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Personal harassment means any improper behaviour by a person employed by the Employer that is directed at and offensive to another person employed by the Employer which the first person knew or ought reasonably to have known would be unwelcome. Personal harassment comprises objectionable conduct, comment, act or display that demeans, belittles or causes personal humiliation or embarrassment to the recipient.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.