Employment Tax Incentive Sample Clauses

Employment Tax Incentive. Social partners agreed that the ETI should be extended for 10 years with a review after five (5) years with interim reporting. This should be communicated to the Standing Committee on Finance and its deliberations of the 2018 Taxation Laws Amendment Bill. It was agreed that in order for the ETI to work effectively, the following will need to be addressed: • South African Revenue Services administrative matters; • Skills development; • Advocacy and awareness campaign; • Review of the monetary value and eligibility income range, subject to the availability of funds, and • Explore overlap between government programmes. It was further agreed that the following will be considered in the next ETI review subject to budget constraints: • Amendment and eligibility age range for the ETI. It is proposed that the age range be increased to 18- to 35-year-olds in line with other youth employment initiatives (such as YES provided for in the B-BBEE Codes). • A review of the R6 000 cut off should be considered with a view to increasing it to R8 000. • The needs of SMEs, their challenges with red tape and reporting, should be considered should any amendments to the system of reporting be proposed. The approach should be standardisation and simplification and to avoid adding complexity with the objective to increase SME participation in the ETI.
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Related to Employment Tax Incentive

  • Employment Taxes All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Outside Employment Employees may engage in other employment outside of their State working hours so long as the outside employment does not involve a conflict of interest with their State employment. Whenever it appears that any such outside employment might constitute a conflict of interest, the employee is expected to consult with his/her appointing authority or other appropriate agency representative prior to engaging in such outside employment. Employees of agencies where there are established procedures concerning outside employment for the purpose of insuring compliance with specific statutory restrictions on outside employment are expected to comply with such procedures.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Termination of Employment with Severance Benefits (a) The Executive shall be entitled to the severance benefits described in section 9(b) in the event that:

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