Fixed Pay definition

Fixed Pay means all components of remuneration that are guaranteed, including base salary and benefits that typically accrue on a monthly basis (pension, medical, and car allowance among others). Fixed pay is also known as “total guaranteed package”;
View Source
Fixed Pay means an Employee's gross payment for their ordinary fortnightly hours and the value of any salary sacrifice benefits, excluding overtime, loadings, allowances and all employer superannuation contributions.
View Source
Fixed Pay means the part of compensation as defined by NRC effective on the date of issuance of the grant.
View Source

Examples of Fixed Pay in a sentence

  • A detailed breakdown of your Annual Fixed Pay is set out in Annexure 1.

  • Your Annual Fixed Pay will be ₹368,142, inclusive of all hours worked.

  • The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings.

  • Executive’s compensation, including Fixed Pay, Variable Pay, and Stock Compensation, will be subject to review and adjustments by the Company in its sole and exclusive discretion, and subject to any limits and necessary approvals under applicable law.

  • The Fixed Pay will be paid monthly in accordance with the Company’s normal payroll practices and be subject to the usual, required withholdings.

  • Target discretionary annual bonus: 150% of Fixed Pay with actual bonus in the range of zero to a maximum of 225% (i.e. up to 150% x 150%).

  • The Employee acknowledges that the Fixed Pay payable under this Agreement is good and valuable consideration for the assignment of the Works, the sufficiency of which is hereby acknowledged.

  • Any discretionary bonus payment is based on Fixed Pay and made to you at Unilever’s sole discretion; you have no contractual entitlement to receive any discretionary bonus payment, and any such payment in one year does not entitle you to receive one in subsequent years.

  • All other obligations, and payment of your Fixed Pay and benefits, will be unaffected and you will continue to be bound by the other express and implied terms in this Agreement (although you will generally not be eligible for any annual bonus in respect of any period of garden leave).

  • Your annual Fixed Pay is set out in Clause 2, and will normally be paid in equal monthly instalments in arrears by direct transfer to your bank account, subject to any tax, social security, and other deductions required by law or the terms of this Agreement.


More Definitions of Fixed Pay

Fixed Pay means the sum total of the amounts described in Sections 3(a) and 3(b) above. Such payment is contingent upon Executive executing, and not revoking, the Company's standard release agreement then in use. Any payment pursuant to this Section 7 shall be in lieu of, not in addition to, any separation payment Executive may otherwise have been eligible for pursuant to Section 6(f) above or any Company policy or practice with respect to separation from employment which may be in effect from time to time. At such time as RBS's ownership interest in the Company drops below 50%, this Section 7 becomes null and void by its own terms with immediate effect. Section 8.
View Source