Compensation definition

Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

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Compensation means any form of remuneration paid to an employee for personal services.

Compensation means a payment by way of damages or a payment under a scheme of insurance or compensation provided for by law, or any other payment that in the opinion of the fund is a payment in the nature of compensation or damages.

Examples of Compensation in a sentence

If such Lender does not pay such amount forthwith upon the Administrative Agent’s or the Revolving Agent’s, as applicable, demand therefor, the Administrative Agent or the Revolving Agent, as applicable, may make a demand therefor upon the Borrowers, and the Borrowers shall pay such amount to the Administrative Agent or the Revolving Agent, as applicable, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing.
To the extent the Compensation Committee determines that a Quarterly Bonus has been earned and is payable, it shall be paid by the March 15th of the calendar year immediately following the calendar year in which such Quarterly Bonus was earned.
In the event of such termination, and apart from any rights and obligations related to the Options, the Company shall have no further obligation to Executive, other than payment of Final Compensation.
Executive is also entitled to rights under Section 14 (Indemnification and Advancement of Expenses) of the Employment Agreement as well as Accrued Compensation under the Employment Agreement.
Upon voluntary termination of Executive’s employment, and apart from any rights and obligations related to the Option, the Company shall have no further obligation to Executive, other than Final Compensation.

More Definitions of Compensation

Compensation means (i) the total compensation paid in cash to a Participant by a Participating Company, including salaries, wages, bonuses, incentive compensation, commissions, overtime pay and shift premiums, plus (ii) any pre-tax contributions made by the Participant under section 401(k) or 125 of the Code. "Compensation" shall exclude all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation.

Compensation means wages, salaries, commissions and any other form of remuneration paid to employees for personal services.

Compensation means any payments made to, or on behalf of, an employee or offered to an applicant as remuneration for employment, including but not limited to salary, wages, overtime pay, shift differentials, bonuses, commissions, vacation and holiday pay, allowances, insurance and other benefits, stock options and awards, profit sharing, and retirement.

Compensation means an issuance of securities in exchange for services provided or to be provided and includes an issuance of securities for the purpose of providing an incentive;

Compensation of an Employee means the regular earnings or base salary, bonuses and commissions paid to the Employee from the Company on each Payday as compensation for services to the Company or any Designated Subsidiary, before deduction for any salary deferral contributions made by the Employee to any tax-qualified or nonqualified deferred compensation plan, including overtime, shift differentials, vacation pay, salaried production schedule premiums, holiday pay, jury duty pay, funeral leave pay, paid time off, military pay, prior week adjustments and weekly bonus, but excluding education or tuition reimbursements, imputed income arising under any group insurance or benefit program, travel expenses, business and moving reimbursements, including tax gross ups and taxable mileage allowance, income received in connection with any stock options, restricted stock, restricted stock units or other compensatory equity awards and all contributions made by the Company or any Designated Subsidiary for the Employee’s benefit under any employee benefit plan now or hereafter established. Such Compensation shall be calculated before deduction of any income or employment tax withholdings, but shall be withheld from the Employee’s net income.

Compensation means an Eligible Employee’s base straight time gross earnings, but exclusive of payments for overtime, shift premium, commissions, incentive compensation, equity compensation, bonuses and other similar compensation. The Administrator, in its discretion, may, on a uniform and nondiscriminatory basis, establish a different definition of Compensation for a subsequent Offering Period.

Compensation means the amounts received by the Participant from the Employer during a Plan Year.