Remuneration Package definition

Remuneration Package means the total of the remuneration package specified in Clause 12.

Remuneration Package means the remuneration package for a Principal Class Employee or a class of the Principal Class determined in accordance with a Ministerial Order.

Remuneration Package in relation to each year, the aggregate of all amounts payable by the Company to and on behalf of the Executive as is more fully set out in clause 5 and as amended from time to time;

Examples of Remuneration Package in a sentence

• The amount appearing in Schedule 2 as the employer superannuation contribution may be set from time-to-time (including any variation in consequence of a review of the Executive’s Total Remuneration Package value) by the Department of Treasury and Finance based on an actuarial assessment of the average cost to the State of the superannuation benefits provided to members of the relevant scheme and may not necessarily represent the precise cost to the State of the benefits accruing to the Executive.

• Any such additional contribution shall be separately recorded in Schedule 2 as a component of the Total Remuneration Package value.

• The Annual Remuneration Package provides for salary sacrificing in accordance with the Fringe Benefits Tax Assessment Act 1986 and related Fringe Benefits Taxation rulings of the Australian Taxation Office.

• The payment in lieu will be equal to the amount of the Annual Remuneration Package, annual leave, long service leave and any other entitlements that the Minister would have received for the period of notice which the Church does not require you to work.

• Superannuation contributions will be calculated on your Annual Remuneration Package, including any allocated fringe benefit amounts.

More Definitions of Remuneration Package

Remuneration Package means the remuneration package for a member of the Principal Class or a class of member of the Principal Class determined in accordance with a Ministerial Order.

Remuneration Package means the total amount, before the deduction of any tax, of the salary, fees, profit share or equivalent remuneration and all commissions, bonuses, allowances (including company car allowances) and benefits of any kind in respect of the first year of the Engagement. In the event that the Applicant is provided with a company car, the sum of £4,500 shall be added to the Remuneration Package for the purposes of calculation of Fees.

Remuneration Package means salary, wages and other remunerative entitlements payable directly or indirectly by the Employer to the Employee but excludes the statutory obligations of Employer-funded superannuation.

Remuneration Package means the aggregate gross annual emoluments payable to or receivable by a Candidate pursuant to an Engagement including, joining inducements, guaranteed bonuses, deferred bonuses, indicated bonuses, sign-on monies, profit share, travel allowances, housing allowance, disturbance allowances, mortgage subsidies, company cars and other identifiable financial benefits and (a) where a company car forms part of the Remuneration Package it will be deemed to have a value of £10,000 and (b) where a car allowance is taken as part of the Remuneration Package in lieu of a company car the total value of the allowance will be included in calculating the Remuneration Package (c) for sales positions, calculated at guaranteed salary plus 2/3rds of OTE, and (d) where shares, share options, share warrants or participation in any other share linked employee incentive scheme including shadow share schemes and LTIPs (each an “Option”) forms part of the Remuneration Package they will be deemed to have a value equivalent to (i) 100% of the stated market value of the shares over which the Option exists or to which it is linked (the “Option Shares”) if the Option is guaranteed; or (ii) 2/3rds of the stated market value of the Option Shares if the Option is conditional on certain targets being met; or (iii) 30% of the base salary of the Candidate if no specific value is attributed to the Option Shares, in each case in respect of any Option granted or agreed to be granted within the first 18 months of the Engagement.

Remuneration Package means the remuneration package as set out in CLAUSE 5.1; and

Remuneration Package means the remuneration package for an executive officer determined for the time being under the Statutory and Other Offices Remuneration Act 1975.

Remuneration Package means the remuneration package for an executive officer determined in accordance with Schedule 3;