Supplemental Compensation definition
Examples of Supplemental Compensation in a sentence
EMPLOYEE further acknowledges that sums paid under Sections 5 (Sports Camps), 7 (Supplemental Compensation) and 10 (Additional Revenue) shall not be considered “base pay,” “earned compensation,” or “earnable compensation” as such terms are defined under Louisiana law, and shall not be included as compensation for the purpose of computation of retirement benefits.
In the event of termination by LSU without cause, EMPLOYEE’s Base Salary, Supplemental Compensation (if any), Fringe Benefits, and all other compensation and benefits provided for in this Agreement shall terminate on the termination date, and LSU shall not thereafter be liable to EMPLOYEE for any sums or damages other than the liquidated damages provided for herein and any compensation earned pursuant to this Agreement prior to the termination date.
Liquidated damages under this Section will be the total Base Salary Amount, Supplemental Compensation and any earned but unpaid Post- Season Incentive Compensation remaining in the Term at the time of termination.
While employed under this Agreement, EMPLOYEE will earn and receive Supplemental Compensation of $5,000 during each calendar year of this Agreement payable in 12 equal monthly installments on LSU’s regular monthly payroll date and pro-rated appropriately for partial years and months.
Supplemental Compensation may be payable, in whole or in part, from affiliated foundation funds.