Personal Benefits definition

Personal Benefits. The SEC’s prior interpretive releases on what the SEC views as a personal benefit or a “perk,” were previously rescinded by Item 402 and as most recently revised, Item 402 does not specifically define “personal benefit.” Item 402, however, does not require disclosure of personal benefits for any individual if the aggregate amount paid to that individual is less than the lesser of (i) $50,000 or (ii) 10% of that individual’s compensation. In general, the position of the SEC has been that benefits which are directly related to job performance, as well as benefits provided to broad categories of employees and which do not discriminate in scope or terms of operation in favor of officers and directors, may be omitted from the calculation of total compensation, while benefits not so related should be disclosed as compensation. If you have any questions, please resolve the issue in favor of disclosure. The Company will review the necessity for disclosure in the proxy statement with its counsel.

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Personal Benefits means the personal and non- transferable (except by transmission on death) entitlements of a Member to reserve and use External Accommodation,

Personal Benefits means any cover provided and payable under the Policy due to Specified Complications of Pregnancy, any Children’s Death Benefit or Multi-Fracture Cover.

Examples of Personal Benefits in a sentence

Pursuant to the Company’s policies in effect from time to time and the applicable plan rules, the Employee will be eligible to participate in the other employee benefit plans of general application, which shall include the Personal Benefits at the levels set forth on Annex 2.
As a full-time employee, you will also be eligible to participate in our Personal Benefits Program, as amended from time to time.
For the avoidance of doubt, any amounts paid to the Employee pursuant to this Section 3(f) will not be considered to be Personal Benefits and will not be counted towards the Maximum Amount (each as defined below in Annex 2).
Improper Personal Benefits from the Company It is a conflict of interest for an employee, officer or director, or a member of their family, to receive an improper personal benefit as a result of his or her position in the Company.
If you are not then Actively at Work as an Employee, your Personal Benefits will become effective on the date of your return to Active Work as an Employee.
If you are an Employee on January 1, 2005, that is your Personal Benefits Eligibility Date; and If you become an Employee after January 1, 2005, your Personal Benefits Eligibility Date is the date you become an Employee of the Employer .
Please refer to UBOC's BUSINESS STANDARDS OF CONDUCT, Section III, Conflicts of Interests, Gift and Other Personal Benefits for specifics of UBOC's policy.
In the event that the Personal Benefits paid to the Employee pursuant to this Section 6(d) do not equal US$84,000, the Company will pay the difference to the Employee as income at the end of the Severance Period, which would be subject to individual income tax.
Your Personal Benefits will become effective on the first of the month following your Personal Benefits Eligibility Date provided you are then Actively at Work as an Employee.

More Definitions of Personal Benefits

Personal Benefits means the personal and non-transferable (except

Personal Benefits mean the benefits which are provided on account of an Employee under This Plan.

Personal Benefits means the personal and nontransferable (except by transmission on death) entitlements of a Member to reserve and use External Accommodation, to participate in the External Exchange Programme and such further or other benefits, rights, privileges and entitlements from time to time determined by the Responsible Entity as personal to a Member and non-transferable by that Member (except by transmission on death) to any transferee of that Member’s Membership and excludes the Entitlement of that Member. Unless the

Personal Benefits. The term refers to the value of personal benefits which are not directly related to a person's job performance, furnished by a company (or subsidiaries) directly, or through third persons.