Gross compensation definition

Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.
Gross compensation means every form of remuneration payable for a given
Gross compensation. ’ means gross wages and benefits paid to or on behalf of employees receiving wages.

Examples of Gross compensation in a sentence

  • The Total Hours Worked multiplied by Hourly Rate of Pay is equal to Gross compensation.( Special Note: The hourly rate of pay can only have two places after the decimal.

  • Gross compensation (OCC 11), including overtime, will be accrued through the end of each month.

  • Gross compensation includes all compensation from a WRS participating employer actually paid or made available to the individual for the year in which the contribution is made.

  • The Total Hours Worked multiplied by Hourly Rate of Pay is equal to Gross compensation.

  • SALARY AND WAGES DEFINITION: Gross compensation paid to employees in the form of cash, products, or services including vacations, holidays, sick leave and leaves of absence.


More Definitions of Gross compensation

Gross compensation means the total amount of a Participant's Compensation, including advisory service fees, but excluding compensation earned on the sales of certain insurance products through H.D. Vest Insurance Services, unreduced by any amount.
Gross compensation means Basic Compensation paid by the University to a Participant during a Plan Year plus additional or supplementary earnings, as described in the attached Appendix A. For purposes of this Section, the provisions of subsections (a) through (c) of Section 2.5 shall be applied by substituting “Gross Compensation” for “Basic Compensation” in each place it appears.
Gross compensation means wages, as defined in Section 2385.1 of Title 68 of the Oklahoma Statutes, and benefits paid on behalf of employees receiving wages;
Gross compensation means all income of any kind derived from any of your activities (whether entered into prior to our representation of you), without the deduction of any cost or expense incurred by you.
Gross compensation means all consideration received by Licensee and Affiliates from third parties for the manufacture, sale, commercialization, and/or sublicensing of the Licensed Patent Rights, the Technology and the Sublicensed Technology. Gross Compensation shall include:
Gross compensation means, generally, your Basic Compensation plus additional or supplementary earnings. Your Gross Compensation is used for purposes of computing your Employee Contributions as further described in the Employee Contributions Section.
Gross compensation means salary or hourly wages, paid as cash compensation, for services provided to the University that is includible in the Employee’s gross income for the Plan Year. Notwithstanding the foregoing: