Exclusions From Compensation Sample Clauses
The "Exclusions From Compensation" clause defines specific situations or categories of work for which payment will not be provided under the contract. Typically, this clause outlines tasks, expenses, or circumstances—such as work performed outside the agreed scope, costs not pre-approved, or services rendered after contract termination—that are not eligible for compensation. By clearly delineating what is excluded from payment, the clause helps prevent disputes over billing and ensures both parties have a mutual understanding of the contract's financial boundaries.
Exclusions From Compensation. Compensation shall not include the following (Check any that apply): [_] Bonuses [_] Commissions [_] Overtime [_] Other (Specify) NOTE: No exclusions from Compensation are permitted if the integrated allocation formula in Section 10, Part B is selected.
Exclusions From Compensation overtime.
Exclusions From Compensation. (1) overtime.
(2) bonuses. REGIONAL PROTOTYPE CASH OR DEFERRED PROFIT-SHARING PLAN #012
(3) commissions.
(4) Type of Contribution(s) Exclusion(s) ----------------------- ------------ Elective Deferrals [Section 7(b)] _________ Matching Contributions [Section 7(c)] _________ Qualified Non-Elective Contributions [Section 7(d)] and Non-Elective Contributions [Section 7(e)] _________
Exclusions From Compensation. All Contributions b b $ a Elective Deferrals $ Voluntary After-tax $ Required After-tax $ Safe Harbor $ Non-Safe Harbor Match Formula 1 $ QNEC/QMAC $ Discretionary $ Non-Safe Harbor Match Formula 2 $ ADP/ACP b a $ 2 §401(k) Plan AA #010 1. Compensation Definition:
Exclusions From Compensation. Compensation shall not include the following (Check any that apply): [ ] Bonuses [ ] Commissions [ ] Overtime [ ] Other (Specify) ______________________________________ ______________________________________
Exclusions From Compensation. Compensation shall not include the following (CHECK ANY THAT APPLY): / / Bonuses / / Commissions / / Overtime / / Other (SPECIFY) ----------------------- NOTE: NO EXCLUSIONS FROM COMPENSATION ARE PERMITTED IF THE INTEGRATED ALLOCATION FORMULA IN SECTION 10, PART B IS SELECTED. SECTION 12. VESTING AND FORFEITURES COMPLETE PARTS A THROUGH G PART A. VESTING SCHEDULE FOR EMPLOYER PROFIT SHARING CONTRIBUTIONS. A Participant shall become Vested in his or her Individual Account derived from Profit Sharing Contributions made pursuant to Section 10 of the Adoption Agreement as follows (CHOOSE ONE): ------------------------------------------------------------------------------------------------------------------ YEARS OF VESTED PERCENTAGE VESTING SERVICE Option 1 Option 2 Option 3 Option 4 Option 5 /X/ (COMPLETE IF CHOSEN) ------------------------------------------------------------------------------------------------------------------ 1 0% 0% 100% 0% 25% 2 0% 20% 100% 0% 50% 3 0% 40% 100% 20% 75% (not less than 20%) 4 0% 60% 100% 40% 100% (not less than 40%) 5 100% 80% 100% 60% ___% (not less than 60%) 6 100% 100% 100% 80% ___% (not less than 80%) 7 100% 100% 100% 100% ___%(not less than 100%) NOTE: IF NO OPTION IS SELECTED, OPTION 3 WILL BE DEEMED TO BE SELECTED.
Exclusions From Compensation. (non-integrated plans only):
a. There will be no exclusions from Compensation under the Plan.
b. Any amount included in a Participant's gross income due to the application of Code Sections 125, 132(f)(4), 402(h)(1)(B), 402(e) or 403(b) will be excluded from the definition of Compensation under the Plan.
c. Overtime
d. Bonuses
e. Commissions
f. Exclusion applies only to Participants who are Highly Compensated Employees.
▇. ▇▇▇▇▇▇▇▇▇ pay
h. Holiday and vacation pay
i. Other: _____________________________________ Section 401(k) Plan AA #010
Exclusions From Compensation. For purposes of subsection 2.3 of the plan, the definition of compensation:
(a) [X] shall include all employer contributions made pursuant to a compensation deferral (or reduction) election which are not includible in the gross income of the employee under Sections 125, 402(e)(3), 402(h), 457(b), 403(b) or 414(h)(2) of the Code; and
(b) [X] shall [ ] shall not exclude the following items from the compensation of an employee: BONUSES, OVERTIME PAY, INCENTIVE COMPENSATION, OR ANY OTHER EXTRA RENUMERATION NOT CONSTITUTING DIRECT COMPENSATION FOR SERVICES. [If you exclude items from compensation under (b) above, the plan will be required to demonstrate that the resulting definition of compensation is non-discriminatory.] ELIGIBILITY TO PARTICIPATE --------------------------
Exclusions From Compensation. A. Nothing herein shall prevent the Company from issuing directly, without payment of any sales fee or commission to the Distributor, shares of the Funds as a dividend or distribution to its shareholders or in a reorganization. B. Notwithstanding anything contained in this Agreement to the contrary, the Company may contract directly with securities broker- dealers to distribute shares in the Funds to investors or shareholders which are not subject to sales charges as set forth in the Prospectus. Any fees due such broker-dealers will be paid by the Company through the Distributor, with the Distributor retaining no part of such fees whatsoever. 7.
Exclusions From Compensation. Compensation shall exclude the following (select all that apply).