Economic Compensation definition

Economic Compensation has the definition set forth in the Operating Principles.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Economic Compensation means the amount equal to the Severance Multiple times the sum of (x) Participant’s Monthly Base Salary plus (y) one-twelfth (1/12) of Participant’s Annual Bonus (at target). For the avoidance of doubt, Economic Consideration shall be the minimum amount payable under Section 3(a) and shall be considered inclusive of amounts payable with respect to Statutory Severance Pay and Non-compete Compensation to the extent that the total sum of the Statutory Severance Pay and Non-compete Compensation is less than the Economic Compensation.

Economic Compensation means the total amount of compensation that Seller expects to communicate to an applicable employee at fiscal year-end, which amount does not reflect amortization of prior year long-term incentive awards or ▇▇▇▇-to-market adjustments of deferred compensation or other long-term incentives.

Examples of Economic Compensation in a sentence

Additional family member appointment requirements are set forth in Article 6, Economic Compensation, Section 6.9, HCA Family Member Appointments.
Notwithstanding 34.b above, each Settlement Class Member submitting a claim for Economic Compensation shall have their payment increased or decreased on a pro rata basis such that the total amount paid to all Settlement Class Members equals the Net Aggregate Settlement Fund.
Additional family member appointment requirements are set forth in Article 6, Economic Compensation, Section 6.9, HCA Medicaid Enrollee Family Member Appointments.
Western may offer and bargaining unit faculty may accept appropriate professional work in addition to their regular workload at the rates specified in Article 31, Compensation Guidelines, Article 32, Economic Compensation, Article 30, eLearning, and Article 41, Preference.
If Party A ends or terminates this Contract by violating rules and regulations, it shall pay to Party B the labor compensation pursuant to the Economic Compensation for Breach and Termination of Contracts Procedures issued by the Ministry of Labor.
The price structure of this Master Contract is intended to be in accordance with the Collective Bargaining Agreement (CBA) for Language Access Providers (WFSE), Economic Compensation.
The Economic Compensation payable by Party A to Party B shall not be less than the Social Minimum Average Salary in the region where Party B works.
In case of failure by Party A to pay the Economic Compensation after termination hereof, except for the Economic Compensation required, Party A shall also pay Party B an Extra Economic Compensation of 50% of the forgoing Economic Compensation.
Policy of Economic Compensation and Medical Subsidy in the Contract is in accordance with the Labor Law and relevant regulations of the national and local government.
Western may offer and bargaining unit faculty members may accept appropriate professional work in addition to their regular workload at the rates specified in Article 31, Compensation Guidelines, Article 32, Economic Compensation, Article 30, eLearning, and Article 41, Preference.

More Definitions of Economic Compensation

Economic Compensation means the consolidated amount equivalent to the gross salary per month that an employee was entitled to as per his / her last pay slip and calculated on full attendance, without considering any increment, whatsoever, either with retrospective or with prospective effects and after deducting all applicable Taxes as per the Law of the Land.