Total Fixed Remuneration definition
Examples of Total Fixed Remuneration in a sentence
Your Total Fixed Remuneration includes all costs associated with the election, including the costs of any fringe benefits tax payable by the Company as a result of complying with the election.
The Company will pay any Total Fixed Remuneration that You elect to receive as salary (less any compulsory superannuation contributions and applicable tax), based on the Payment Frequency set out in clause 1 (‘Key Details’) above, by electronic transfer to Your nominated bank account.
The Company will review Your Total Fixed Remuneration each year on the Review Date set out in clause 1 (‘Key Details’) above, with the first review on the First Review Date set out in clause 1 (‘Key Details’) above, unless otherwise agreed in writing.
If there are changes to the Superannuation Guarantee Legislation such that the superannuation contribution requires adjustment, then the Total Fixed Remuneration is applied to and absorbs that changed entitlement.
Please note that for the purposes of this agreement, your Total Fixed Remuneration (TFR) will be the value of your base salary and OFR.
Total Fixed Total Fixed Remuneration $ per annum, comprising: • Superannuable Salary - see item 10 above; • Employer superannuation contributions (ESC) $ per annum (maximum ESC of 12.75% of Superannuable Salary based on 5% contributions by Remuneration (Schedule 2A; components clause 5.1) the Senior Executive).
The Total Fixed Remuneration will be reviewed on an annual basis subject to the overall performance of ENERGEX, the performance of the Employee and market factors.
All Leave entitlements are paid at the Total Fixed Remuneration rate as detailed in the Remuneration Schedule.
Amcor may elect to pay your Total Fixed Remuneration in lieu of notice.
The annual review of the Total Fixed Remuneration rate will be effective 1 July of each year and will be backdated to this date.