Monthly Remuneration definition

Monthly Remuneration means an amount equal to a twelfth (1/12) of the Remuneration, as adjusted for amounts that are not evenly divisible by twelve. For example, a Performance R▇▇ with a Subscription Price of $2.00 will carry an Annual Minimum Yield of $0.04 (two percent of the Subscription Price of such Performance R▇▇), and consequently the first eleven (11) Monthly Remuneration payments will equal a minimum of $0.0033 and the twelfth Monthly Remuneration payment will equal a minimum of $0.00337, totaling at least the Minimum Annual Yield of $0.04;
View Source
Monthly Remuneration means that figure obtained by taking the Salary of the Executive as defined in Article 6.1, (as same may be modified from time to time), and dividing that figure by 12.
View Source
Monthly Remuneration shall have the meaning set out in clause 6.2;
View Source

Examples of Monthly Remuneration in a sentence

  • According to Article 7undecies, § 11 of the Electricity Act, the financing rules of this provision must enable ▇▇▇▇ to have the necessary financial resources to pay the Monthly Remuneration; for this reason, these financing rules are essential to perform the Contract.

  • The Capacity Remuneration is paid under the form of a Monthly Remuneration, as from the first month of the Transaction Period in accordance with the formula and the modalities set out below.

  • As a result, the Monthly Remuneration for delivery in month M for such a Transaction can only be invoiced based on the monthly statement as determined in paragraph 5.3.

  • Should this not be the case, the invoicing of the Monthly Remuneration for such Transaction is made on the basis of the monthly statement as provided for in the section 5.3.2.

  • Monthly Remuneration The remuneration described in article 7undecies, §11 of the Electricity Act.

  • For this purpose, both Parties undertake to enter into good faith negotiations regarding the increase of the Monthly Remuneration provided that both Parties agree to use best efforts to finalize such negotiations by no later than January 31 of each calendar year.

  • In whole, the remuneration reduction a BSP can receive as per Annex 11 and Annex 12 (including any penalties for not nominating equal to his FCR Power Obligations) cannot exceed his Monthly Remuneration for all Service Types.

  • Each Partner is entitled to (1) Monthly Remuneration as follows: or (2) Other amounts that from time to time may be determined by the written consent or consent of all Partners.

  • The Company shall pay the Monthly Remuneration, after deducting all mandatory payments as required to be made by the Company in accordance with the applicable laws of Romania, including, without limitation, any withholding or other taxes and payments of social security and health insurance, by wire transfer to the credit of ▇▇.

  • Monthly Remuneration for the provision of the System and Services.


More Definitions of Monthly Remuneration

Monthly Remuneration means, with respect to any Director or Commissioner, such Director's or Commissioner's monthly salary plus the following items (if applicable), bonus, incentive payments, car allowance, electricity and appliance allowances, housing and housing maintenance allowances, dress allowances and holiday and vacation allowances; provided that if such benefits are calculated on an annualized basis, for purposes of this definition such benefits shall be divided by 12.
View Source
Monthly Remuneration means the amount equal to annual on target cash compensation divided by twelve (on target cash compensation is equal to annual base salary plus on target performance bonus).
View Source

Related to Monthly Remuneration

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

  • Monthly Remittance Date The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Remuneration means any money or its equivalent given or passed to any person for services rendered by him and includes perquisites as defined under the Income-tax Act, 1961;

  • Remuneration Report means the remuneration report which forms part of the Directors’ Report of the Company for the financial year ended 30 June 2020 and which is set out in the 2020 Annual Report.