Basic Remuneration definition

Basic Remuneration means remuneration paid by the credit institution to a senior executive or member of staff under contract between the credit institution and the senior executive or member of staff on a regular basis in the form of wages, which should appropriately reflect relevant professional experience and responsibility as set out in an employee’s job description as part of the terms of employment, including other benefits which are paid to other employees as well;

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Basic Remuneration means a fixed monthly amount of remuneration

Basic Remuneration means the basic remuneration of HK$90,000 per month referred to in Clause 3.1, as the same may be increased by the Board from time to time;

Examples of Basic Remuneration in a sentence

• The Company shall pay to the Executive one months' Basic Remuneration per calendar year of service as a year-end payment ("Year-End Payment").

• In such an event, payment of the Practitioner’s Basic Remuneration shall be made within 5 (five) business days of the Practitioner accounting to the Company.

• Provided that neither the Executive has terminated this agreement nor the Company has terminated this agreement pursuant to Clause 9.1, in either case on or before 31 August 2002, and this agreement is not extended, the Company shall pay to the Executive three months' Basic Remuneration on termination of this agreement as end of contract payment.

• The Company may at the request of the Executive pay a portion of the Executive's Basic Remuneration by way of rental reimbursement.

• As remuneration for the Executive's services, the Company shall pay to the Executive a Basic Remuneration of HK$75,000 per month payable in arrears on or before the last day of each calendar month (or if that day is not a Business Day, on the next preceding Business Day).

More Definitions of Basic Remuneration

Basic Remuneration means, at the relevant time, the annual remuneration to which the Executive is entitled to be paid by the Company as describes in Clause 4.1;

Basic Remuneration means all regular pecuniary payments, irrespective of name or form of calculation, payable to the employee for work performed in accordance with an agreement between the employer and the employee or by legal regulation;

Basic Remuneration means wages, salary or sick pay but excludes overtime pay, severance pay, bonuses and Northern Living Allowance.

Basic Remuneration means the basic remuneration to be received by a labour for employment, and this term also include amount of increment in remuneration after completion of one year of the employment period.

Basic Remuneration means the remuneration that the Practitioner is entitled to charge as contemplated in section 143(1) of the Act in accordance with the tariff prescribed in section 143(6) and Regulation 128(1)(b) of the Act, which is R2 000 (including VAT):

Basic Remuneration means in respect of any Permanent Worker or Temporary Worker, the basic annual salary following their Engagement or where there is no salary the basic rate of pay multiplied by the basic number of hours over a 12 month period, but in either case excluding all benefits in kind, bonuses, commissions or form of variable remuneration;

Basic Remuneration means the remuneration and expenses payable by the Company to the Practitioner as contemplated in section 143(1) of the Act in accordance with the tariff prescribed in section 143(6), it being recorded that: (a) The applicable tariff is the tariff contemplated in Regulation 128(1)(c) of the Act’s Regulations; (b) As at the Signature Date: - (i) The hourly tariff amount for the Practitioner is R1 754 excluding VAT; (ii) The maximum daily tariff amounts to R21 930, exclusive of VAT (c) The Practitioner’s expenses incurred in fulfilling his duties as Practitioner shall be paid by the Company and shall include, but not be limited to travel charges; relevant disbursements and those charges by the Advisors as appointed by the Practitioner in his sole and absolute discretion to assist him in the execution of his duties;