Examples of Total Remuneration Package in a sentence
Fixed annual remuneration, inclusive of the required superannuation contribution amount is reviewed annually by the Board following the end of the financial year.In the event of the completion of a takeover (relevant interest exceeds 50%) certain executives will receive a lump sum gross payment equal to between six to twelve months of the Total Remuneration Package.
For both options, Broker needs to indicate in the Remarks field the (1) type of transaction and(2) the transaction reference no.
In these circumstances the notice from the College would be as above.Total Remuneration PackageOur Total Remuneration Package (TRP) for staff is a key component of realising the College’s strategic aim.
The Total Remuneration Package includes; salary, superannuation and professional fees.
For an executive, to ensure consistent reporting for those on accumulation and defined benefits schemes, this should be calculated as: for executives under the maximum superannuation contribution base this is the Total Remuneration Package (TRP) divided by the superannuation guarantee rate; and for executives over the maximum superannuation contribution base this is the TRP minus the superannuation guarantee contribution.