Total Remuneration Package Clause Samples
The Total Remuneration Package clause defines the full scope of compensation and benefits an employee receives as part of their employment. This typically includes base salary, bonuses, superannuation or retirement contributions, allowances, and any other financial or non-financial benefits provided by the employer. By clearly outlining all components of remuneration, this clause ensures transparency and prevents misunderstandings about what is included in the employee's overall compensation, thereby reducing the risk of disputes over pay and benefits.
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Total Remuneration Package. Your Total Remuneration Package is therefore $625,000. This Package is provided in accordance with the terms of the Management Remuneration Package Guidelines as issued and as varied by us from time to time. Your Salary and any other cash benefit of your Total Remuneration Package will be paid fortnightly in arrears.
Total Remuneration Package. Your Total Remuneration Package (TRP) includes a Benefit Component that may be taken as cash. Your TRP is initially $317,300 and will be paid fortnightly in arrears.
Total Remuneration Package. (TRP) represents the guaranteed total value for a job expressed as a single cash amount. TRP is calculated on an annual basis. The employee’s TRP is the sum of the following components, unless otherwise agreed, but not limited to:
a) base rate of pay b) all (employer and employee) superannuation contributions
Total Remuneration Package. In consideration of the duties provided and to be provided by the Employee, the Employee will be entitled to the Total Remuneration Package accruing and payable with respect to the period beginning on the Commencement Date, comprising:
(a) Base Salary pursuant to clause 8.2; and
(b) Additional Benefits pursuant to clause 8.3. The Employee is not to receive benefits under or participate in any long term incentive plans utilised by the Company.
Total Remuneration Package. (a) Employees will receive a fixed remuneration package made up of:
i. Minimum Annual Base Salary; and
ii. Applicable Allowances as set out in this Agreement; and
iii. The SGC.
(b) No Employee’s fixed remuneration package, as set out in their contract of employment, will decrease as a result of the commencement of this Agreement, other than as a result of a change to their employment status as agreed between DBNGP and the Employee.
(c) An Employee’s Minimum Annual Base Salary and all applicable allowances will be paid, in fortnightly instalments, in arrears.
(d) Overtime is paid in addition to the Minimum Annual Base Salary.
(e) Employees will be entitled to a Role Specific Allowance (RSA), inclusive of SGC as set out in Table 2.
(f) The SGC will be payable in accordance with clause 24.
Total Remuneration Package. In consideration for duties to be provided by the Employee, the Employee will be entitled to the Total Remuneration Package, comprising Base Salary and additional benefits as outlined in Schedule 1.
Total Remuneration Package. Total remuneration includes base salary, superannuation, motor vehicles including commuter use, allowances, staff bonus and weekend penalty rates. It does not include overtime. The rates of pay outlined in the Rates of Pay Table reflect base salary only. A total remuneration model ensures that comparisons within the local government market and general market are relevant. All staff receive an annual statement detailing their total remuneration package following the 30 June pay period.