loan-out definition
loan-out means a company which is controlled by the Employee and loans the Employee’s services to the Producer.
loan-out means a company which is controlled by the Employee and loans the Employee’s services to the Producer. AICP 3-104 DEFINITION OF SALARY FOR PENSION AND HEALTH CONTRIBUTIONS
(A) Principal/Director
i. For the period December 1, 2017 through November 30, 2018, Producer shall make contributions to the Plans for a Principal Director based on presumed annual earnings of $182,791. Effective December 1, 2018, Producer shall make contributions to the Plans for a Principal Director based on presumed annual earnings of $186,447. Effective December1, 2019, Producer shall make contributions to the Plans for a Principal Director based on presumed annual earnings of $190,176. A Principal Director is an individual who, either alone or in combination with his or her spouse, parents, siblings and/or lineal descendants (collectively “Family”) owns, directly or indirectly through other entities, 10 percent (10%) or more of the equity of the Producer. However, the individual shall not be a Principal Director if the Plans determine that all of the following conditions are met during the calendar year in question: (i) the individual does not own, directly or indirectly through other entities, any equity in the Producer, and (ii) another Family member owns, directly or indirectly through other entities, equity of the Producer, is performing DGA covered work for the Producer and is subject to contributions as set forth in this paragraph (i) or in Article 3-104 (D).
ii. Any Principal Director who believes he or she will earn less total gross compensation pursuant to the provisions of Article 3-104 (D) than the presumed annual earnings set forth in paragraph (i) above may exercise an option, upon written notice to the Plans and the Guild served not later than January 20 of each calendar year, to pay contributions on total gross compensation pursuant to the provisions of Article 3-104 (D). If ten percent (10%) or more of the Principal Directors having companies represented by the AICP exercise such option, the Guild may terminate the option for the following calendar year.
(B) Directors other than Principal/Directors
(C) Principal Unit Production Managers, Principal Assistant Directors and Staff Unit Production Managers, and Staff First Assistant Directors
i. For the period from December 1, 2017 through November 30, 2018, Producer shall make contributions to the Plans for Principal UPMs (UPMs), Principal ADs (both 1st AD and 2nd ADs), Staff UPMs, and Staff 1st ADs based on presumed an...
loan-out means a company which is controlled by the Employee and loans the Employee’s services to the Producer. AICP 3-104 DEFINITION OF SALARY FOR PENSION AND HEALTH CONTRIBUTIONS
(A) Principal/Director
i. For the period December 1, 2011 through November 30, 2012, Producer shall make contributions to the Plans for a Principal Director based on presumed annual earnings of $159,135. Effective December 1, 2012, Producer shall make contributions to the Plans for a Principal Director based on presumed annual earnings of $164,000. A Principal Director is an individual who, either alone or in combination with his or her spouse, parents, siblings and/or lineal descendants (collectively “Family”) owns, directly or indirectly through other entities, 10 percent (10%) or more of the equity of the Producer. However, the individual shall not be a Principal Director if the Plans determine that all of the following conditions are met during the calendar year in question: (i) the individual does not own, directly or indirectly through other entities, any equity in the Producer, and (ii) another Family member owns, directly or indirectly through other entities, equity of the Producer, is performing DGA covered work for the Producer and is subject to contributions as set forth in this paragraph (i) or in Article 3-104 (D).
ii. Any Principal Director who believes he or she will earn less total gross compensation pursuant to the provisions of Article 3-104 (D) than the presumed annual earnings set forth in paragraph (i) above may exercise an option, upon written notice to the Plans and the Guild served not later than January 20 of each calendar year, to pay contributions on total gross compensation pursuant to the provisions of Article 3-104 (D). If ten percent (10%) or more of the Principal Directors having companies represented by the AICP exercise such option, the Guild may terminate the option for the following calendar year.
(B) Directors other than Principal/Directors
(C) Principal Unit Production Managers, Principal Assistant Directors and Staff Unit Production Managers, and Staff First Assistant Directors