Indirect Compensation definition

Indirect Compensation. Means Compensation other than Direct Compensation.
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Indirect Compensation means any noncash benefit provided to an employee, including, but not limited to:
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Indirect Compensation means any benefit derived by the tow truck owner or operator as a result of barter, payment, or fees charged for repair work performed on the towed vehicle.
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Examples of Indirect Compensation in a sentence

  • Designates, according to the context, one of the following units: • Employment and Organizational Effectiveness; • Payroll; • Employee and Labour relations; • Direct Compensation; • Indirect Compensation.

  • Indirect Compensation Payable to Commonwealth from Sources Other Than the Plan Commonwealth receives marketing support payments from third-party firms, including plan recordkeeping platforms as well as investment managers of mutual funds and issuers of annuities.

  • Designates, according to the context, one of the following units:  Employment and Organizational Effectiveness;  Payroll;  Employee and Labour relations;  Direct Compensation;  Indirect Compensation.

  • Indirect Compensation Payable to Commonwealth from Sources Other Than the Plan As a registered broker/dealer, Commonwealth and my advisor receive payments from certain investment funds (“Funds”) held by the Plan as indirect compensation for the Investment-Related Services provided on behalf of the Plan, including certain related brokerage services, such as effecting securities transactions in connection with the Plan’s investments.

  • Please review the footnotes for important information about classification of each item as Direct or Indirect Compensation.

  • MAP will provide a Recordkeeper Indirect Compensation (RIC) disclosure document.

  • The current Fund Indirect Compensation is as disclosed in a Schedule made a part of this Agreement.

  • If a Fee has not been met by an offset of Fund Indirect Compensation, you may pay it from your resources (rather than the Plan’s assets).


More Definitions of Indirect Compensation

Indirect Compensation means any amounts referred to in clause (ii) of the second paragraph of this Letter Agreement.
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Related to Indirect Compensation

  • 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.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • 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).

  • 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).