Salary Compensation definition

Salary Compensation column reflects the gross salary. The Flexible Benefit Allowance (as described in 2 and 3 below) and any applicable extra duty, will be added to gross salary and divided among twelve monthly paychecks.
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Salary Compensation means any base salary plus any receipts of commission compensation which is otherwise payable to a Participant in cash by the Company in any calendar year, without reduction for the amount of any contributions made by the Company on behalf of Participant under any salary reduction or similar arrangement to a qualified deferred compensation, pension or cafeteria plan, contributions toward a simplified employee pension plan described in Section 408(k) of the Code, contributions towards the purchase of an annuity contract described in Section 403(b) of the Code, and/or contributions of elective contributions pursuant to an arrangement qualified under Section 401(k) of the Code; provided, however, that in no event shall "Salary Compensation" include any severance payments or other compensation which is paid to Participant as a result of the Participant's termination of employment with the Company. Notwithstanding anything herein to the contrary, in no event shall Salary Compensation include Bonus Compensation.
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Salary Compensation means an Eligible Employee’s base salary.
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Examples of Salary Compensation in a sentence

  • Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Provider Agency.

  • The salary compensation limitation for a part-time employee, or for an employee whose time is only partly spent on activities compensated under this contract, shall be calculated by prorating the compensation for the position as prescribed under the Full-time Salary Compensation Limitation Schedule.

  • Salary Compensation for Part-time Salary compensation for part-time shall be the prorated amount (prorated as to the percentage of appointment) at the appropriate Step for each bargaining unit member of salary schedule.

  • Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Contracted State Agency.

  • Gist’s Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly.

  • The percentage of High Average Recognized Compensation that will be used to determine the Participant’s retirement benefit under Section 4 of the Plan is 50% (fifty percent) of the Participant’s High Average Salary Compensation (subject to a maximum amount of $185,000 per year) plus 25% of the Participant’s High Average Bonus Compensation (subject to a maximum of $80,000 per year).

  • The Salary Compensation Committee shall consist of two (2) Association representatives and two (2) District representatives and shall meet to discuss the following salary compensation criteria.

  • In addition, Employer shall, promptly following such termination, pay Gist a lump sum payment equal to one (1) times Gist’s Salary Compensation at the time of his termination plus one (1) year’s bonus in an amount equal to 1/2 of Gist’s then existing Salary Compensation.

  • No promises of future increases in Salary Compensation, or other compensation payable by the Company have been made to me.

  • In addition, ACC shall, promptly following such termination, pay ▇▇▇▇ a lump sum payment equal to one (1) times ▇▇▇▇’▇ Salary Compensation at the time of his termination plus any accrued and unpaid bonus pursuant to section 3.2.


More Definitions of Salary Compensation

Salary Compensation means any base salary plus any receipts of commission compensation which is otherwise payable to a Participant in cash by the Company in any calendar year, without reduction for the amount of any contributions made by the Company on behalf of Participant under any salary reduction or similar arrangement to a qualified deferred compensation, pension or cafeteria plan, contributions toward a simplified employee pension plan described in Section 408(k) of the Code, contributions towards the purchase of an annuity contract described in Section 403(b) of the Code, and/or contributions of elective contributions pursuant to an arrangement qualified under Section 401(k) of the Code; provided, however, that in no event shall “Salary Compensation” include any severance payments or other compensation which is paid to Participant as a result of the Participant’s termination of employment with the Company. Notwithstanding anything herein to the contrary, in no event shall Salary Compensation include Bonus Compensation.
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Salary Compensation means any base salary payable by, plus any commission compensation (payable in cash) earned from, the Company or subsidiary in any calendar year, without reduction for the amount of any contributions made by the Company or subsidiary on behalf of Participant under any salary reduction or similar arrangement to a qualified deferred compensation, pension or cafeteria plan, contributions toward a simplified employee pension plan described in Section 408(k) of the Code, and/or contributions of elective contributions pursuant to an arrangement qualified under Section 401(k) of the Code; provided, however, that in no event shall “Salary Compensation” include any severance payments or other compensation which is paid to Participant as a result of the Participant’s termination of employment with the Company or subsidiary. Notwithstanding anything herein to the contrary, in no event shall Salary Compensation include Bonus Compensation. For purposes hereof, commissions are considered earned in the calendar year in which the customer remits payment to the Company or subsidiary.
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Related to Salary Compensation

  • Basic Compensation means Salary and Benefits.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).