Remuneration Package Clause Samples

Remuneration Package. 9 6 HOME WORKING AREA, TELEPHONES AND SECURITY.............................. 12 7

Remuneration Package. 7.1 This clause shall facilitate the provision by the school of salary and benefit packages to individual members of staff covered by this Agreement. 7.2 For the purposes of this clause:

Remuneration Package. 6 6. SECURITY.................................................................7 7. EXPENSES.................................................................7 8. BONUS SCHEME.............................................................8 9. HOLIDAYS................................................................11 10. LIFE ASSURANCE..........................................................12 11.

Remuneration Package. (1) For the purposes of this clause:

Remuneration Package. The Company will provide the Executive with the remuneration package (REMUNERATION PACKAGE) specified in SCHEDULE 1 or such other rate as may be determined from time to time on review under CLAUSE 6.

Remuneration Package. 5.1 The Executive shall receive an annual all-inclusive Remuneration Package of R1 900 000.00 (one million nine hundred thousand rand) per annum. The Remuneration Package will be paid in 12 equal monthly installments. 5.2 The Remuneration Package referred to in CLAUSE 5.1 above, includes: 5.2.1 all contributions to the Pension or Provident Fund of which the Executive is a member, made in accordance with the relevant rules of the fund in question; 5.2.2 all contributions to the Medical Aid Scheme of which the Executive and his dependants are members; and 5.2.3 all allowances for vehicles, water, electricity, entertainment, subsistence and accommodation to which the Executive is entitled in accordance with the policies of the Company from time to time and as agreed with the Company from time to time. 5.3 Notwithstanding anything to the contrary in this Agreement, the payment by the Company of the premiums on behalf of the Executive to the Group Life Scheme as referred to in CLAUSE 10, and the payment by the Company of any monies payable in terms of the rules of the Share Option Scheme for any of the share options to which the Executive may be entitled in terms of CLAUSE 19, shall not constitute part of the Remuneration Package. 5.4 It is recorded that it has been agreed that, by virtue of his relinquishing the post of Chief Executive Officer and Deputy Chairman of the Company, and by virtue of him becoming Executive Chairman of the Company, the Executive has become entitled to an amount equal to 92 (ninety-two) per cent of his Remuneration Package calculated on the basis of the Remuneration Package received by the Executive on the 1 December 2003. This shall be paid to the Executive within 10 days of the signing of this Agreement by both parties. 5.5 The Company will refund, or will procure the refunding, to the Executive of all reasonable expenses properly incurred by him in performing his duties under this Agreement in accordance with Company policy. This will include expenses relating to entertainment and traveling. The Company requires the Executive to submit official receipts or other documents as proof that he has incurred any expenses he claims. 5.6 The Company undertakes to reimburse the following costs to be incurred by the Executive for the benefit of the Company: 5.6.1 in light of the Company requiring the Executive to be a member of one or more clubs, the annual membership fees payable by the Executive for membership of any 2 (two) of such clubs;...

Remuneration Package. (1) For the purpose of this clause:

Remuneration Package. 5.1 As from the Commencement Date, the Employee's remuneration package shall be US $192,000 per annum, which shall be reviewed annually with a view to effecting appropriate annual increases. 5.2 The composition of the Employee's remuneration package shall be the following-- 5.2.1 a salary, which shall be equal to the difference between US $192,000 and the cost to the Company of providing the other components of the package set out in 5.2.2 and 5.2.3; 5.2.2 the contributions payable by the Company in respect of the Employee and his wife and children to the medical aid scheme of which the Employee is a member, all of which shall be for the account of the Company, 5.2.3 the monthly contributions payable by the Company in respect of the Employee to any pension, provident and retirement annuity funds nominated by the Employee, all of which shall be for the account of the Company. 5.3 The Employees salary shall be payable by equal monthly installments (and proportionately for any lesser period, each monthly installment being deemed to accrue rateably from day to day) in arrears on the last day of each month.

Remuneration Package. Permanent members of staff may participate in the School's approved Remuneration Packaging Scheme. (a) For the purposes of this subclause: