Employment Compensation definition

Employment Compensation means any salary, bonus or commissions paid to the Employee as an employee (as defined in the Code) by any entity other than the Employers or their successors. If the Employee is a partner in a partnership, this definition shall include the Employee's share of partnership income.
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Employment Compensation. The Board shall recognize the service of teachers who have rendered a total of at least eighteen (18) continuous years (at least 10 years must be full time) of creditable service to District 200 preceding retirement, and who are eligible to receive retirement pension benefits through the regular retirement provisions of the Teachers’ Retirement System of the state of Illinois or Illinois Municipal Retirement Fund (IMRF).
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Employment Compensation. The Board shall recognize the service of full-time teachers who have rendered a total of at least eighteen (18) full-time years of creditable service to District 200 preceding retirement, and who are eligible to receive retirement pension benefits through the regular retirement provisions of the Teachers’ Retirement System of the state of Illinois (i.e., excluding those teachers eligible to receive any retirement option under the “Early Retirement Option” provision of Section 16-133.2 of the TRS Illinois Pension Act, or teachers receiving 6% compensation benefits).
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Examples of Employment Compensation in a sentence

  • Appointment, Employment, Compensation, Discipline, Performance, or Dismissal of Personnel [5 ILCS 120/2(c)(1)]c.

  • This is indicated under the “Hold Payment” portion of the “Disbursement Options” tab of the wvOASIS vendor/customer account; • In accordance with the West Virginia Code §21A-2-6, verification of current unemployment fee status and Workers’ Compensation coverage is required to ensure the vendor is not in default with Workers’ Compensation and Employment Compensation.

  • However, the District is not required to offer a transition program and in applying for the position of consulting employee, the employee agrees and understands that he/she shall not be subject to the protections provided by the provisions of C.R.S. (§ 00-00-000, et seq.): Teacher Employment, Compensation, and Dismissal.

  • No teacher will be suspended with or without pay from his or her regular teaching assignment without just cause; provided, however the Board’s acceptance of dismissal charges against a teacher is pursuant to the Teacher Employment, Compensation, and Dismissal Act of 1990 shall bar the processing of any grievance alleging a violation of this Article 2.4. No teacher will be dismissed from an extra-pay position identified in Appendix B during the term of such activity or season without just cause.

  • Employment Compensation Awards) up to the Limit of Indemnity specified in your schedule (£1,000,000 aggregate limit per annum applies under Insured Event 15.

  • Employment Compensation AwardsFollowing a claim we have accepted under Insured Event 14.

  • This RSU Award is discretionary and does not confer on you any right or entitlement to receive another award of RSUs, any other equity-based award or any other award at any time in the future or in respect of any future period.(c)No Effect on Future Employment Compensation.

  • Employees who retire with more than fifteen (15) full-time years of IMRF creditable service to District 200 preceding retirement and who are eligible and approved for retirement in the retirement program of the Illinois Municipal Retirement Fund shall receive an additional $50.00 per year for each year of full- time creditable service to District 200 up to $500.00 (or ten (10) years beyond the base fifteen (15) years) to a maximum Post Employment Compensation of $1,100.00.

  • With respect to hearings held pursuant to the "Teacher Employment, Compensation, and Board Meeting Compliance Checklist 5 Last Rev.

  • Verification of current unemployment fee status and Workers’ Compensation coverage is required to ensure the vendor is not in default with Workers’ Compensation and Employment Compensation, in accordance with the W.

Related to Employment Compensation

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

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