Gross Compensation Clause Samples

The Gross Compensation clause defines the total amount of payment an individual or entity will receive before any deductions such as taxes, benefits, or other withholdings. In practice, this clause specifies the full salary, fee, or remuneration agreed upon in a contract, ensuring that all parties understand the pre-deduction amount. Its core function is to provide clarity regarding the baseline compensation, preventing misunderstandings about net versus gross pay and ensuring transparency in financial arrangements.
Gross Compensation. Your gross CTC including annual bonus would be up to USD 350,000 (Three Hundred Fifty Thousand USD Only) per annum including annual performance bonus USD 17,500 (Seventeen Thousand Five Hundred USD only). The annual performance bonus will be paid in 2 equal tranches in October and March respectively, this is basis performance and prorated starting as of the Effective Date. The mentioned amounts will be converted into INR at the currency exchange rate applicable on the date of disbursement.
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Gross Compensation. It is agreed that the compensation will be:
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Gross Compensation. Pursuant to Section 3 of this Agreement, Carrier will pay Contractor gross compensation, comprising Base Compensation and Additional Compensation, as described in this section.
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Gross Compensation. 3.1 The Managing Director shall receive in connection with the termination of the Service Agreement a compensation in the amount of EUR 200,000 (“Compensation”). The Compensation shall be due and payable immediately after the Termination Date, however, only after - the condition subsequent in Section 9 regarding the effectiveness of this Agreement has occurred, - has returned the Company car pursuant to Sec. 4.1 below to the headquarters of the Company in Eichenzell or ▇▇▇▇▇ ▇▇▇▇ GmbH has Haftung für den Verlust des Stammkapitals dieser französischen Tochtergesellschaft treffen sollte; eine darüber hinausgehende Freistellung der Gesellschaft sowohl hinsichtlich der Haftungshöhe als auch hinsichtlich des Haftungsgrundes ist ausgeschlossen. 2.5 Über die Entlastung als Geschäftsführer der Gesellschaft sowie der mit ihr verbundenen Unternehmen wird im gewöhnlichen Geschäftsgang beschlossen. Die Entlastungsbeschlüsse werden dem Geschäftsführer schriftlich mitgeteilt. 2.6 Der Geschäftsführer verpflichtet sich zudem soweit erforderlich an der Auflösung und Abwicklung der französischen Tochtergesellschaft der Gesellschaft mitzuwirken und hierzu alle notwendigen oder nützlichen Erklärungen abzugeben soweit damit nicht die Übernahme einer persönlichen Haftung durch den Geschäftsführer verbunden ist.
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Gross Compensation. Pursuant to Section 3 of this Agreement, unless otherwise agreed to in writing between the parties pursuant to Section 1(e) of this Appendix A, CARRIER shall pay CONTRACTOR gross compensation, comprising Base Compensation and Additional Compensation, as described in this section.
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Gross Compensation. CONTRACTOR’s gross compensation is set forth in Appendix A and constitutes the total compensation for the use of the Equipment and for everything furnished, done by, or required of CONTRACTOR’s workers in connection with this Agreement, including (but not limited to) driving the Equipment and performing all non-driving activities, such as pre- and post-trip inspections, waiting to load or unload (detention), loading or unloading (if required), fueling, repairing and maintaining the Equipment, hooking and unhooking trailers (loaded or empty), preparing records of duty status and other paperwork, communicating with dispatch, and other services. CONTRACTOR—as an independent contractor, not an employee—agrees that CONTRACTOR is responsible for paying all operating expenses. CONTRACTOR acknowledges and understands, unless otherwise agreed to by the parties, CARRIER’s compensation obligation hereunder applie▇ ▇▇▇▇ to the extent of full and complete performance of any CARRIER dispatch accepted by CONTRACTOR. CARRIER does not guarantee CONTRACTOR any specific number of shipments or amount of revenue or profit, or to use the Equipment at any particular time or location.
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Gross Compensation. CONTRACTOR’s gross compensation shall be as set forth in Appendix B (CONTRACTOR Compensation Rates), and this gross compensation shall constitute the total compensation for the use of the Equipment and for everything furnished, provided, done by, or required of CONTRACTOR in connection with this Agreement, including but not limited to driving of the Equipment and all non-driving activities such as conducting pre- and post-trip inspections of the Equipment, waiting to load or unload (detention), loading or unloading if required, fueling, repairing and maintaining the Equipment, spotting, hooking and unhooking empty trailers, preparing logbooks and other paperwork, and other activities and services. All mileage computations shall be based on the most recent edition of CARRIER’s Rand ▇▇▇▇▇▇▇ MileMaker®. CONTRACTOR may refuse any specific shipment offered by CARRIER. CONTRACTOR is not prohibited from entering into separate agreements to provide equipment and other professional truck drivers not identified as Equipment above or in an attachment and drivers not used to service this Agreement, to other motor carriers. As indicated in Section 9 (CONTRACTOR’s Operating Expenses) and Section 5 (Charge-Backs) of this Agreement, CONTRACTOR – as an independent contractor, not an employee – agrees to pay all of CONTRACTOR’s operating expenses (including but not limited to those that CARRIER initially advances and later charges back to CONTRACTOR) out of the gross compensation provided under this Section and Appendix B (CONTRACTOR Compensation Rates) and any other CONTRACTOR moneys. Under no circumstances shall CARRIER be responsible for these operating expenses.
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Gross Compensation. Your gross CTC including annual bonus would be up to USD 300,000 (USD Three hundred thousand only) i.e. INR 2,30,00,000/- (Rupees Two Crore Thirty Lakhs Only) per annum. Effective May 2, 2023, your gross CTC including annual bonus would be up to USD 350,000* (USD Three hundred fifty thousand only) i.e INR. 2,68,33,333/- (Rupees Two Crore Sixty-Eight Lakhs Three Thousand Thirty-Three Only) per annum.*In case the CTC amount paid to incumbent falls short of USD. 350,000 (USD Three hundred fifty thousand only) than the difference of amount will be paid as a one-time bonus at the end of the year. 95% of gross CTC amount shall be paid as base salary, with the remaining 5% of the gross amount potentially payable as an annual variable pay opportunity.
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Gross Compensation. A teacher may elect for KPERS purposes only, three (3) years prior to retirement, in writing and delivered to the Board by May 1 (September 1 for the 2023-2024 school year), to have included in his gross compensation for the following three (3) years the Section 125 fringe benefit contribution amount (Section F, 3(a) above) of the Board’s contribution amount paid toward health insurance. This election is limited to one (1) three (3)-year period and may not be ceased and restarted. At the time the election is presented to the Board, the employee will file a written resignation effective at the end of the third school year. The employee must take the District’s Health Insurance in order to choose this Gross Compensation provision and continue during the three (3) year period. The employee understands that they may have increased tax obligations based on this election and will seek their own advice as the tax and overall financial effect of the election and further that while KPERS has orally indicated acceptance of the higher gross amount the District does not warrant that KPERS will ultimately accept this higher gross amount in computing benefits. (2023-24) (2024-25)
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Related to Gross Compensation

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Total Compensation 5.1. Contractor shall include Total Compensation in ▇▇▇ for each of its five most highly compensated Executives for the preceding fiscal year if: 5.1.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 5.1.2. In the preceding fiscal year, Contractor received: 5.1.2.1. 80% or more of its annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.2.2. $25,000,000 or more in annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.3. The public does not have access to information about the compensation of such Executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d) or § 6104 of the Internal Revenue Code of 1986.

  • Travel Compensation The Contractor shall not be compensated or reimbursed for travel time, travel expenses, meals, or lodging.