Expected Remuneration definition

Expected Remuneration means the remuneration which an employee of the Company was receiving as at December 2019 and for the previous 12 months, or at such other appropriate date as determined by the Investor;
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Examples of Expected Remuneration in a sentence

  • The Company shall re-engage the employees of the Company (i) whose terms of employment were altered and/or (ii) who were laid off pursuant to the Severance Payments Act as a result of the COVID-19 pandemic at a level of 80% of their Expected Remuneration up to the NIS maximum insurable amount [which is currently $4,880 per month]; provided that the Investor and Company may agree a higher maximum level in specific individual cases.

Related to Expected Remuneration

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Final compensation of a member means:

  • Recoverable Compensation means all Incentive-Based Compensation (calculated on a pre-tax basis) Received after October 2, 2023 by a Covered Person: (i) after beginning service as an Executive Officer; (ii) who served as an Executive Officer at any time during the performance period for that Incentive-Based Compensation; (iii) while the Company had a class of securities listed on an Exchange; and (iv) during the Applicable Period, that exceeded the amount of Incentive-Based Compensation that otherwise would have been Received had the amount been determined based on the Financial Reporting Measures, as reflected in the Restatement. With respect to Incentive-Based Compensation based on stock price or TSR, when the amount of erroneously awarded compensation is not subject to mathematical recalculation directly from the information in an accounting restatement: (i) the amount must be based on a reasonable estimate of the effect of the Restatement on the stock price or TSR upon which the Incentive-Based Compensation Received by the Covered Person originally was based; and (ii) the Company must maintain documentation of the determination of the reasonable estimate and provide such documentation to the Exchange.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.