Define: Fixed Salary

How is Fixed Salary defined in a legal contract?

• Fixed Salary means the compensation paid to any individual in a [organization] by its members or the governing body from its general revenue. This definition excludes any commission from the profits of products' sale. Tips or gratuities added to the bills under the [organization] regulation would also not be considered as profits from the product's sale. Seen in 6 SEC filings
• Fixed Salary means the annual amount of compensation that is determined as part of the Total Compensation, including [number] holiday allowances and if applicable, a [number] month bonus. Seen in 5 SEC filings
• Fixed Salary means the gross earnings received for base salary, lump-sum merit, shift differential, on-call pay, and short-term disability coverage during the Plan Year. The definition of Fixed Salary does not include bonuses, incentives, or commissions paid in the Plan Year. Seen in 2 SEC filings
• Fixed Salary means the annual compensation that includes holiday allowances and a [number] month bonus if applicable. Seen in 1 SEC filing
• Fixed Salary means an amount paid in twelve equal monthly installments at each month-end, to a bank account specified by the Director. The amount is reviewed by the shareholder(s) of the [organization] from time to time and may be increased at their discretion. Seen in 1 SEC filing
• Fixed Salary means a point on a scale applicable to a role or classification. Seen in 1 SEC filing
• Fixed Salary means the agreed monthly salary paid in arrears with a review frequency of at least every 12 months. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of fixed salary' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Fixed Salary means the annual, agreed upon compensation, excluding bonuses or commissions, paid in equal monthly installments.

Relevant Contract Types

• Employment Agreement
• Consultant Agreement
• Executive Compensation Agreement
• Independent Contractor Agreement

Relevant Circumstances

• Hiring of an employee or a contractor
• Negotiation of compensation or revision of existing salary structures
• Establishment of annual compensation plans for executives
• Agreement on specifics of remuneration for consultancy services

Relevant Sectors

• Corporate Services
• Human Resources
• Legal Services
• IT and Technology Services

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Genie Definition 2

• Fixed Salary means a point on a scale set to classify roles, reviewed and agreed upon periodically.

Relevant Contract Types

• Employment Agreement
• Union Agreement
• Collective Bargaining Agreement

Relevant Circumstances

• During collective bargaining negotiations
• Setting salaries for positions as per union guidelines or grade scale
• Structuring salary scales during organization-wide policy-making
• Determining pay scales based on job classification

Relevant Sectors

• Public Administration
• Education
• Healthcare
• Non-Profit Organizations

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