Perquisite definition

Perquisite means a privilege furnished or a service rendered by an organization to an employee, officer, director, or member of that organization to reduce the individual's personal expenses.

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Perquisite means an incidental payment, benefit, privilege, or advantage that is not part of a University employee’s regular income, salary, or wages, authorized expense reimbursement, or approved supplemental pay and does not include incentive awards, salary increases, fringe benefits established pursuant to C.R.S. §24‐50‐104(8) and (9), or any other employment benefit authorized by state statute, these Rules, or resolution of the Board.

Perquisite. (perk) means a privilege that is provided to an individual or to a group of individuals that provides a personal benefit, and is not generally available to others. A perquisite is not allowable if it is not a business-related requirement.

Examples of Perquisite in a sentence

The Perquisite Allowance will not be deemed “compensation,” as that term is defined under any of the Plans, nor under any other plan, practice, program or policy of the Company or any of its affiliates, as in effect from time to time.
By executing this Agreement, Executive shall be entitled to receive a perquisite allowance in the amount of $20,000 per year (the “Perquisite Allowance”), for each year that (a) Executive remains designated by the Committee as eligible to receive the Perquisite Allowance and (b) DPL continues to make the Perquisite Allowance available to executive-level employees of the Company.
In the case of the Perquisite Plan, the amount to be paid out is such that, including amounts already paid to the Executive during the calendar year of the Termination, 100% of the annual amount last awarded to the Executive by the Committee prior to the Change in Control shall have been paid to the Executive.
Executive has been designated by the Committee as eligible to receive the Perquisite Allowance for 2006.
The Perquisite Allowance for years after 2006 shall be paid to Executive as soon as practicable after the Committee designates Executive as eligible to receive the Perquisite Allowance for that year.
The Perquisite Allowance for 2006 shall be paid as soon as practicable after the Effective Date.
During Executive’s employment with the Corporation, Executive shall be entitled to participate in the Corporation’s Executive Perquisite Plan, subject to the terms and conditions thereof, and such other perquisites and supplemental benefits, if any, as may be approved from time to time by the Compensation Committee of the Board.
The Executive shall be entitled to all perquisites extended to similarly situated executives, as such are stated in the Employer's Executive Perquisite Policy (the "Perquisite Policy") promulgated for the Board by the Compensation Committee of the Board, and which Perquisite Policy is hereby incorporated by reference, as amended from time to time.
The Executive shall be entitled to all perquisites extended to similarly situated executives, as such are stated in the Employer's Executive Perquisite Policy (the "Perquisite Policy") promulgated for the Board or the Compensation Committee, and which Perquisite Policy is hereby incorporated by reference, as amended by the Board or the Compensation Committee from time to time.
Executive shall be solely responsible for the payment of any and all charges incurred at such Clubs, but may utilize Executive’s annual allowance provided pursuant to Executive Perquisite Fund (as may be in effect from time to time) to pay such charges, excepting only the payment of regular dues, which Executive shall not be obligated to pay.

More Definitions of Perquisite

Perquisite means a privilege, gain, or profit incidental to regular salary or wages.

Perquisite. You will receive a $10,000 per year allowance, paid in January and July in lieu of car expenses and other perquisites.

Perquisite means -. . .

Perquisite means a privilege, gain, or profit incidental to regular salary or wages. “Personal information” means any information, financial or otherwise, provided by an

Perquisite. You will receive a $10,000 per year allowance, paid in January and July, in lieu of car expenses and other perquisites. In addition, UNC will make its best effort to obtain, and will make available to you, a corporate membership in the Old South Country Club for which UNC will pay initiation fee, dues and non-meal assessments.