Compensation (Fringe Benefits definition

Compensation (Fringe Benefits means allowances and services provided by the Recipient to its employees as compensation in addition to regular salaries and wages in accordance with section 200.431 of the Uniform Requirements. Such expenditures are allowable as long as they are made under formally established and consistently applied organizational policies of the Recipient and subject to the applicable provisions of the Uniform Requirements. Compensation (Personal Services) shall mean all remuneration, paid currently or accrued, for services of Recipient’s employees rendered during the period of performance under the Assistance awarded in accordance with section 200.430 of the Uniform Requirements. Depository Institution Holding Company or DIHC means a Bank Holding Company or a Savings and Loan Holding Company. Development Services shall mean activities undertaken by a CDFI, its Affiliate or contractor that promote community development and prepare or assist current or potential borrowers or investees to use the Recipient’s Financial Products or Financial Services. For example, such activities include financial or credit counseling; homeownership counseling; and business planning; and financial management assistance. Direct Administrative Expenses shall mean Direct Costs, as described in section 200.413 of the Uniform Requirements, which are incurred by the Recipient to carry out the Financial Assistance Project. Such costs must be able to be specifically identified with the Project and not also recovered as Indirect Costs. Eligible Market shall mean (i) a geographic area meeting the requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii) individuals that are Low-Income, African American, Hispanic, Native American, Native Hawaiian residing in Hawaii, Alaska Native residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam or the Northern Mariana Islands. Equipment shall mean tangible, nonexpendable, personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit as described in 2 CFR 200.33 of the Uniform Requirements. Items costing less than $5,000 may be included if the Recipient's capitalization policy recognizes these as capital assets. Non-expendable items include, among other items, computer hardware, computer software, related peripherals, and office equipment. Federal Award Date shall mean the date that this Assistance Agreement is signed by and determined to be effective by the CDFI Fund.
Sample 1

Examples of Compensation (Fringe Benefits in a sentence

  • Except as expressly set forth in this Section 4.3, in the event Executive resigns from employment, Executive shall not be entitled to receive any Base Salary, Incentive Compensation, Fringe Benefits or other times, except that Executive may continue to participate in the Employee Benefit Plans to the extent permitted by and in accordance with the terms thereof or as otherwise required by law.

  • Upon expiration of such notice period, the Employment Term will immediately end and Executive will not be entitled to receive any further compensation (whether in the form of Base Salary, Incentive Compensation, Fringe Benefits or otherwise) other than accrued but unpaid Base Salary, any vested stock options and the commitment to provide financial assistance set forth it paragraph 5 of the Side Agreement.

  • Compensation (Fringe Benefits) shall mean allowances and services provided by the Recipient to its employees as compensation in addition to regular salaries and wages in accordance with section 200.431 of the Uniform Requirements.

  • Upon expiration of such no notice period, the Employment Term will immediately end and Executive will not be entitled to receive any further compensation (whether in the form of Base Salary, Incentive Compensation, Fringe Benefits or otherwise) other than accrued but unpaid Base Salary and any vested Options.

  • Upon expiration of such notice period, this Agreement shall without any further notice or action be automatically terminated and Executive shalll not be entitled to receive any further compensation (whether in the form of Base Salary, Incentive Compensation, Fringe Benefits or otherwise) other than accrued but unpaid Base Salary and any vested stock options.

  • Upon expiration of such notice period, the Employment Term will immediately end and Executive will not be entitled to receive any further compensation (whether in the form of Base Salary, Incentive Compensation, Fringe Benefits or otherwise) other than accrued but unpaid Base Salary and any vested Options.

  • Upon expiration of such notice period, the Employment Term will immediately end and Executive will not be entitled to receive any further compensation (whether in the form of Base Salary, Incentive Compensation, Fringe Benefits or otherwise) other than accrued but unpaid Base Salary and any vested stock options.

Related to Compensation (Fringe Benefits

  • Fringe benefits means the amount of:

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

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

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • 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).

  • 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.

  • 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).

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • 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.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Basic Compensation means Salary and Benefits.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

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

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).