Basic Compensation definition

Basic Compensation means Salary and Benefits.
Basic Compensation. Salary and Benefits.
Basic Compensation means the rate of compensation fixed:

Examples of Basic Compensation in a sentence

  • However, if the scope of the Project is substantially changed, the Architect’s Basic Compensation shall be equitably adjusted.

  • Basic Compensation shall be reasonably reduced if Owner elects to engage a Construction Quality manager (“COM”), or to employ its own forces, to provide any construction administration services in lieu of the Architect providing such services.


More Definitions of Basic Compensation

Basic Compensation shall include all items of base and bonus compensation and benefits provided for in Section 3.1 of this Agreement.
Basic Compensation means the compensation indicated in Schedule B;
Basic Compensation means the regular rate of salary or wages in effect during a Purchase Period, before any deductions or withholdings, and including overtime, bonuses and sales commissions, but excluding amounts paid in reimbursement of expenses.
Basic Compensation is defined as Salary and Benefits (see Section 3.1.1 and 3.1.2).
Basic Compensation means the regular rate of salary or wages in effect immediately prior to a Purchase Period, including sales commissions, before any deductions or withholdings, but shall exclude overtime, bonuses and amounts paid in reimbursement for expenses.
Basic Compensation means the annual base salary of the Employee, exclusive of bonus, incentive payments or other extraordinary compensation, at the date of death, Total and Permanent Disability, Retirement or Voluntary Termination, divided by twelve (12).
Basic Compensation from a Participating Employer means a Participant’s earned income, wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with his or her Participating Employer or an Affiliate, while a Qualified Employee and a Participant (including, but not limited to, commissions paid to sales persons, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, and bonuses, but not including payments for referrals), plus any pre-tax contributions on behalf of the Participant to the Company’s 401(k) plan, cafeteria (Code section 125) plan, or transportation fringe benefit (Code section 132(f)) plan, and excluding the following: