Compensation Expense definition

Compensation Expense shall have the meaning specified in Section 4.2(e).

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Compensation Expense means (i) salary and wages consistent with past practice, (ii) benefits consistent with past practice, and (iii) subject to prior Buyer approval, not to be unreasonably withheld, conditioned or delayed, reasonable retention payments, to the extent reasonably necessary to provide the Services without interruption from and after the Closing until the end of the Service Period, in each case, of employees, contractors, agents and other third parties employed or engaged by or on behalf of Seller Parent or its Affiliates in connection with the performance of any Service.

Compensation Expense means all expenses and costs associated with compensation and benefits provided to Consulting Personnel, including, without limitation, salary, bonus, housing reimbursements, retirement benefits, insurance costs, and any other benefits, perquisites or other compensation provided to Consulting Personnel.

Examples of Compensation Expense in a sentence

• Under the terms of the ESOP and the ESOP Sharing Agreement, the Company is not, and will not at any time (by means of an amendment to the ESOP Plan or otherwise) be, liable for the ESOP Compensation Expense or ESOP Repurchase Payments related to any Persons that are not employees of the Company and its Subsidiaries.

• Requirements of Law: all laws, ordinances, orders, judgments, rules ------------------- and regulations applicable to the Mortgaged Property.

• Stock Compensation Expense: Non-cash expenses related to the valuation of stock options were recorded throughout FY 2007.

• Projected Workers’ Compensation Expense and Medical Costs will be forecasted by a date to be determined by the parties.

• The Employee Compensation, Expense Reimbursements, Non- Insider Employee Incentive Programs, Health and Welfare Programs, Paid Leave and Unpaid Leave, and Non-Insider Severance Programs (each as defined in the Wages Motion (including as the Wages Motion would apply to Insiders, notwithstanding any exclusion of Insiders from the relief requested in the Wages Motion)).

• For purposes of calculating the Service Fee for any Service, the allocable Compensation Expense with respect to any employee or consultant of Seller Parent or any Affiliate thereof for performance of such Service during any period shall be equal to 100% of such person’s Compensation Expense multiplied by the proportion of such person’s time that is required to be devoted to the performance of such Service during such period on the basis of a 40-hour work week.

• Expected volatility 26.86% 26.35% 25.00% Dividend yield 1.47% 1.91% 2.45% - -------------------------------------------------------------------------------- See "Pro Forma Compensation Expense" in the following "Employee Stock Purchase Plans" section for additional information.

• Buyer shall pay to Seller Parent, for each Service provided hereunder, a fee (with respect to each Service, a “Service Fee”) equal to (i) the Compensation Expense with respect to such Service and (ii) any reasonable additional out-of-pocket costs and expenses of Seller Parent to provide the Service; provided that in the event any individual expenditure of out-of-pocket costs exceeds $10,000, Buyer shall have consented to such expenditure.

• Borrower shall not permit the ratio of EBITDA less cash taxes paid during such period less un-financed capital expenditures during such period plus Share Based Compensation Expense to CMLTD plus interest expense during such period to be less than 1.25 to 1.0. The Debt Service Coverage Ratio shall be tested as of the last day of each Fiscal Quarter by reference to the Fiscal Quarter then ended and the immediately preceding three (3) Fiscal Quarters (calculated on a rolling four (4) quarter basis).

• Projected Workers’ Compensation Expense and Medical Costs include costs incurred for doctors, hospitals and other health care providers, the costs of drugs and other medical supplies, but does not include the salaries of trainers or other team personnel, or the cost of team medical or training equipment.

More Definitions of Compensation Expense

Compensation Expense. Compensation Expense" means, with respect to an employee of the Manager, all reasonable direct expenses of the Manager incurred in connection with compensating such employee, including without limitation, all salary payments, unemployment, payroll and other taxes, health, life, disability and other insurance costs, and costs of pension and retirement plans.

Compensation Expense has the meaning set forth in Section 9.10(s).

Compensation Expense is limited to only compensation expense paid directly to shareholders and members and expressly includes only salary, bonus, , management fees, any additional out of pocket costs added to vehicles, payables to shareholders and dividends and authorized entity authorized distributions to owners and excess rent,  .

Compensation Expense means, with respect to any employee of Parent or any of its Subsidiaries in any period, without duplication, all wages, salary and bonus paid to such employee by Parent and its Subsidiaries, all payroll taxes paid by Parent and its Subsidiaries with respect to such employee, the costs of Parent and its Subsidiaries for providing medical, dental and all other benefits to such employee during such period, which costs are to be allocated in a consistent manner and in accordance with GAAP, all compensation expense recognized under Statement of Financial Accounting Standards 123R with respect to equity granted to such employee, and all other compensation expense recognized under GAAP, provided that in no event shall any expense recognized in respect of the Restricted Shares to be issued pursuant to Section 7.8(b) be included as Compensation Expense.

Compensation Expense means the compensation paid in the state to an employee if:

Compensation Expense means all base salary and benefits expense, including employer 401(k) plan matching contributions and any deferred compensation plan expense, for employees of NCLP or former employees of NCLP or Seller.