How is Salary Compensation defined in a legal contract?
- Salary Compensation means the total cash payable to a participant annually, not including 'bonus compensation'. This can consist of base salary plus any commission compensation, without considering deductions for the participant's contributions to a qualified deferred compensation, pension, cafeteria plan, or similar arrangement. Salary Compensation doesn't cover severance payments or any other compensations paid to the participant due to termination of employment. It also doesn't include bonus compensation. Seen in 4 SEC filings
- Salary Compensation means the total gross salary. Added benefits and any additional tasks carried out will be added to the gross salary and distributed across twelve monthly paychecks. Seen in 2 SEC filings
- Salary Compensation means the base annual salary paid to a participant, excluding 'bonus compensation'. This salary also includes reductions attributable to Salary Compensation under this Plan and any elective deferrals under cash-or-deferred arrangements or cafeteria plans that do not affect gross income. However, Salary Compensation doesn't cover other contributions or benefits received under any other deferred compensation plan, or any other amounts which may qualify as compensation. Seen in 1 SEC filing
- Salary Compensation means an eligible employee's base salary. 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 salary compensation' 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.
Genie Definition 1
- Salary Compensation means the total annual pay to an employee, excluding any extra benefits, bonuses, and severance payments.
Relevant Contract Types
- Employment Contract
- Consultant Contract
- Partnership Agreement
- Deferred Compensation Agreement
- Commission Agreement
Relevant Circumstances
- When hiring an employee
- When establishing a partnership
- When negotiating terms with a consultant
- When establishing deferred compensation plans
Relevant Sectors
Genie Definition 2
- Salary Compensation means an eligible employee's base salary.
Relevant Contract Types
Relevant Circumstances
- When drafting an individual's base pay
- When creating non-compete agreements
Relevant Sectors
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Salary Compensation means the total annual pay to an employee, excluding any extra benefits, bonuses, and severance payments
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