Reportable Compensation Clause Samples

The Reportable Compensation clause defines what types of compensation must be disclosed or reported, typically for tax, regulatory, or contractual compliance purposes. It outlines which payments, benefits, or remuneration—such as salaries, bonuses, or non-cash benefits—are considered reportable under the agreement. By specifying these requirements, the clause ensures that all parties are clear on their obligations to report compensation, thereby reducing the risk of non-compliance and potential legal or financial penalties.
Reportable Compensation. ESBOCES is responsible for reporting compensation to the NYS Comptroller for individuals who are, or ever have been, members of any NYS/NYC Retirement System. In order to determine whether earnings pursuant to this contract are reportable, all Contractors and each individual providing services pursuant to this contract must complete the NYS/NYC Retirement System Status Form annexed to and incorporated into this contract. The Contractor is an independent contractor retained only for the purpose and to the extent set forth in this contract. The Contractor shall not have employee status with ESBOCES and shall not be entitled to participate in its retirement program(s), health insurance benefits, workers’ compensation insurance, unemployment insurance, disability insurance, social security, or other benefits granted to ESBOCES employees. Further, Contractor, by virtue of his/her/its independent contractor status, shall under no circumstance constitute an employee of ESBOCES for purposes of the Affordable Care Act, shall not be entitled to any subsidy or credit in connection with this engagement, and agrees that if ESBOCES were to be assessed a penalty related to this engagement, Contractor will indemnify ESBOCES for any said penalty or related penalty.
View SourceView Similar (2)
Reportable Compensation. With the exception of the 2023-2024 school year, notwithstanding anything to the contrary in this Agreement, no employee shall receive salary or compensation (as defined below) in excess of six percent (6%) over the prior contract year. For purposes of this provision, salary or compensation is as defined by TRS regulations and shall include, but shall not be limited to, base salary, salary schedule lane and step placements, extra-duty stipends, payment for extended work-year duties and other activities, or any other benefit that would constitute TRS reportable salary or compensation if the employee were a TRS member. This provision is applicable to all employees covered by this agreement, regardless of whether they participate in TRS.
View Source
Reportable Compensation. Holiday Pay
View Source
Reportable Compensation. Notwithstanding anything to the contrary in this Agreement, no employee shall receive salary or compensation (as defined below) in excess of six percent (6%) over the prior contract year. For purposes of this provision, salary or compensation is as defined by TRS regulations and shall include, but shall not be limited to, base salary, salary schedule lane and step placements, extra-duty stipends, payment for extended work-year duties and other activities, or any other benefit that would constitute TRS reportable salary or compensation if the employee were a TRS member. This provision is applicable to all employees covered by this agreement, regardless of whether they participate in TRS.
View Source
Reportable Compensation. The Parties hereby agree that the Board makes no representations regarding the reportable compensation status with respect to any compensation received by the Chief Officer pursuant to the terms of this Contract. Any and all determinations regarding reportable compensation, service credit, and related IMRF issues shall be made by IMRF and, where applicable, a court of competent jurisdiction.
View Source

Related to Reportable Compensation

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • BROKER COMPENSATION BROKER shall be entitled to a rental commission from all rent monies collected and shall retain any charges deemed "additional rent" or fees in the lease agreement as per outlined in “tiered pricing” Section 16. In the event Owner utilizes services that are not covered under their pricing plan compensation to All County will be as follows: Inspections $99.00 per inspection, ▇▇▇▇ Pay $5.00 per ▇▇▇▇, Maintenance Coordination $15.00 per issue, Notice Delivery $25 per notice, Security Claim preparation and mailing $25.00 plus certified postage. Owner can upgrade to next tired pricing plan without penalty, however if going to Peace of Mind they must pay the difference for the insurance premium and be eligible for the program with a Tenant placed by All County that is in good standing. A. COORDINATION FEES:

  • Regulation D Compensation Each Bank may require the Company to pay, contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of such Bank at a rate per annum determined by such Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Bank wishing to require payment of such additional interest (x) shall so notify the Company and the Administrative Agent, in which case such additional interest on the Euro-Dollar Loans of such Bank shall be payable to such Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Dollar Business Days after the giving of such notice and (y) shall notify the Company at least five Euro-Dollar Business Days prior to each date on which interest is payable on the Euro-Dollar Loans of the amount then due it under this Section.