Compensation Compensation definition

Compensation Compensation for the purposes of the $300 limit of Section 408(k)(2)(C) of the Code shall be defined as Section 414(q)(7)
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Compensation Compensation means base salary and cash bonuses payable to a Participant. In no event, however, shall a Participant’s Compensation include, for purposes of the Plan, any item of compensation paid or distributed to the Participant after a period of deferral, whether under this Plan or any other program of deferred compensation maintained by the Company or any Affiliated Company.
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Compensation Compensation means the annual fees payable by the Funds to the Participant by reason of such Participant's membership on the boards of trustees of the Funds and/or any fees payable for such Participant's participation in committees of the boards of trustees.
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Examples of Compensation Compensation in a sentence

  • Compensation: Compensation for employment services includes all remuneration, paid currently or accrued, for services of employees rendered during the period of performance under the Federal award, including but not necessarily limited to wages and salaries.

  • Presentation Compensation: Compensation will be determined by the Department of Teaching & Learning, based on preparation needed, number of times presented, and complexity of presentation.

  • This process is intended to verify the compensation for employment services, including salaries and wages, is allocable and properly expended, and that any variances from the budget are reconciled.A. Compensation: Compensation for employment services includes all remuneration, paid currently or accrued, for services of employees rendered during the period of performance under the Federal award, including but not necessarily limited to wages and salaries.

  • Oversight and Description of Director and NEO Compensation Compensation of Directors Compensation of directors of the Company is reviewed annually and determined by the Board.

  • Compensation: Compensation sets the starting wage that the employee will be paid and is typically categorized into salary (yearly pay) or hourly pay, as well as how often the employee will be paid.

  • Compensation: Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial.

  • Contractor’s Compensation: Compensation to the contractor shall be based on specific price and/or rates identified in the Contractor’s proposal, as negotiated.

  • Compensation: Compensation shall be based on a professional services contract to be submitted with the applicant’s proposal.

  • Definition of Compensation: Compensation includes wages, salary, commissions, bonuses, tips, and other amounts received from providing personal services.

  • Compensation Compensation matters are currently determined by the entire Board.


More Definitions of Compensation Compensation

Compensation Compensation means Compensation as defined in Section 1.11, except Compensation does not include elective (salary reduction) contributions under Code Section 401(k) or Code Section 125 and any exclusion from Compensation (other than the exclusion of elective contributions and the exclusions described in paragraphs (a) and (c) of Section 1.11 and paragraph (d) of Section 1.11 to the extent amounts described therein are not includible in gross income) does not apply.
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Compensation Compensation means the entire amount paid or accrued to each Employee or Participant with respect to the Plan Year by the Employer and shall mean the entire amount of all salary, wages, commissions, overtime pay, bonuses, and other benefits paid or accrued by the Employer to such Employee or Participant, together with any such amounts which are deferred pursuant to (A) a salary deferral agreement under the BHA Group, Inc. 401 (k) Profit Sharing Plan and Trust (the "401 (k) Plan") and (B) an elective contribution to a Cafeteria Plan within the meaning of Section 125 of the Code, with respect to the year for services rendered by such Employee or Participant for the Employer, but excluding contributions to or benefits under this Plan or any other pension, profit sharing or retirement plans. Notwithstanding anything contained herein to the contrary, the amount of Compensation taken into account for all purposes of the Plan for Plan Years commencing on or after September 1, 1989 and before September 1, 1994, shall not exceed $200,000, adjusted for changes in the cost of living as provided in Section 415 (d) of the Code. The amount of Compensation taken into account for all purposes of the Plan for Plan Years commencing on or after September 1, 1994, shall not exceed $150,000, adjusted for changes in the cost of living as provided in Section 401 (a) (17) (B) of the Code. For purposes of these compensation limitations other than calculating the limitations pursuant to Section 415 of the Code, the Compensation of any Participant who is either (x) a five percent (5%) owner of the Employer, as determined under Section 414 (q) of the Code, or (y) one of the 10 highly compensation employees, as determined under Section 414 (q) of the Code, paid the greatest compensation during the Plan Year by the Employer, shall be aggregated with the Compensation, if any, of such Participant's Family Group, so that the amount of compensation of the Family Group taken into account for all purposes of the Plan may not exceed the applicable compensation limitation. A Participant's Family Group shall mean the Member, his spouse and any of his lineal descendants who have not attained age 19 before the close of the Plan Year.
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Compensation Compensation means regular gross base salary, quarterly and annual bonus awards eligible for deferral and earned by the Participant for service as an Eligible Employee during the Plan Year. In no event, however, shall a Participant’s Compensation include, for purposes of the Plan, any item of compensation paid or distributed to the Participant after a period of deferral, whether under this Plan or any other program of deferred compensation maintained by the Company or any Affiliated Company.
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Compensation Compensation means the Participant’s “compensation” for purposes of the 401(k) Savings Plan determined without regard to the limitations of Code Section 401(a)(17), as increased for cost of living.
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Compensation Compensation means compensation as defined in the National Grid Incentive Thrift Plan I.
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Related to Compensation Compensation

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • 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).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Final compensation of a member means:

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Annual Compensation means an amount equal to the greater of:

  • Cancellation Compensation means an amount payable by a Participating Dealer in respect of a default, as set out in the Trust Deed and in the Operating Guidelines applicable at the time the relevant Creation Application or Redemption Application is made.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Equity Compensation means any stock option, stock appreciation, stock purchase, restricted stock, restricted stock unit, long term incentive cash bonus award or any other kind of equity-based plan, program, arrangement or grant regardless of whether the form of distribution is in stock or cash.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.