Define: Current Compensation
Current Compensation means all regular wages, salaries, and commissions, excluding bonuses and special pay, given according to the terms of employment
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Current Compensation means all regular wages, salaries, and commissions, excluding bonuses and special pay, given according to the terms of employment.
Relevant Circumstances
- Protracted negotiations where the details of remuneration need to be outlined specifically.
- Situations where regular payments need to be differentiated from bonuses or special pays.