Define: Gross Annual Salary

How is Gross Annual Salary defined in a legal contract?

• Gross Annual Salary means the entire salary of an employee, excluding any allowances such as district, personal, service, responsibility or special allowances. Seen in 16 SEC filings.
• Gross Annual salary means the total amount an employee earns a year, excluding any deductions. Seen in 1 SEC filings.
• Gross Annual Salary means an employee's total yearly earnings, excluding the variable portion of their retribution. Seen in 1 SEC filings.
• Gross Annual Salary means the average of the sum total of all income from services that the employee provides in their last two years, minus business expenses but before tax deduction. This includes bonuses, professional fees, commissions, gratuities, and any other income from employment. Seen in 1 SEC filings.
• Gross Annual Salary means the total annual remuneration of an employee, prepared on an annualized basis. Seen in 1 SEC filings.

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 gross annual 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

• Gross Annual Salary means the total yearly earnings an employee receives, excluding allowances and deductions.

Relevant Contract Types

• Employment Contract
• Service Contract
• Compensation Agreement
• Sales Commission Agreement

Relevant Circumstances

• Recruitment and hiring of new employees
• Annual performance reviews and salary adjustments
• Commission-based roles or sales incentives
• Contract negotiation or renewal

Relevant Sectors

• Human Resources
• Sales and Marketing
• Professional Services
• Financial Services

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Genie Definition 2

• Gross Annual Salary means the sum of all income from services provided in a given year by an employee, excluding business expenses and pre-tax deductions.

Relevant Contract Types

• Consultant Agreement
• Independent Contractor Agreement
• Employee Offer Letter
• CEO Employment Agreement

Relevant Circumstances

• Hiring of consultants or freelance professionals
• Executive-level negotiations and agreements
• Contracts concerning bonuses or incentive compensation
• Self-employment or sole proprietorship situations

Relevant Sectors

• Consulting
• Information Technology
• Freelance and Gig Economy
• Startup and Entrepreneurship

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