Benefit Salary definition

Benefit Salary. , in relation to a member, means -
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Benefit Salary means the amount of compensation used to calculate certain salary based coverage. This compensation is intended to be normal, regular, non- temporary, and shall include base salary and any special salary supplements that are intended to be regular and not of short duration. This salary amount shall not exceed the amount on which retirement contributions are calculated. (03-27-97/04-09-97)
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Examples of Benefit Salary in a sentence

  • A Flexible Fringe Benefit Salary Reduction Program shall be established to comply with Section 125 of the Internal Revenue Code.

  • Eligible employees are entitled to make application to participate in the University Staff Employee Benefit (Salary Deferral) Plan”, subject to its review by the Employee Benefits Committee and approval by Revenue Canada.

Related to Benefit Salary

  • Annual Salary means the salary given under this Part.

  • Salary as defined in Section 3.1(a).

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • 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).

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.