How is Total Annual Compensation defined in a legal contract?
- Total Annual Compensation means the sum of a participant's base salary and average bonus. Seen in 4 SEC filings.
- Total Annual Compensation means an employee's standard salary or earnings, including review cycle bonuses and overtime payments, along with payments for incentive compensations, commissions, and other unique payments, except where such an entity is specifically excluded by the board. Seen in 4 SEC filings.
- Total Annual Compensation means the sum of the base salary, annual bonus calculated appropriately and the company's most recent 401(k) matching contribution contributed on the executive's behalf. Seen in 4 SEC filings.
- Total Annual Compensation means the sum of the annual base salary in effect immediately before termination or the change of control, whichever is higher, and annual incentive compensation earned under the Management Incentive Plan (annualized in the case of less than a full year's service) in the last full fiscal year immediately preceding termination or the change in control, whichever is higher. Seen in 4 SEC filings.
- Total Annual Compensation means the average of all compensations, including bonuses paid by the Company, its subsidiaries, affiliates, and all related companies to the executive for the period of three calendar years immediately preceding his death. The payments shall continue for three years from the executive's date of death, paid on a monthly basis with no interest. The payments shall be made to the Executive's surviving spouse. If the spouse has passed before the executive, or dies subsequently and before the three years expires, the payments shall be made to the spouse's estate. Seen in 3 SEC filings.
- Total Annual Compensation means the base salary, annual bonus (calculated as above) and the company's most recent 401k matching contribution paid to the executive. If total annual compensation, or any component of it, is required to be calculated for a period any portion of which occurred prior to the effective date, such calculation will include such portion and will be based on the employment arrangements that were in effect. Seen in 3 SEC filings.
- Total Annual Compensation means the employee's annual cash compensation and benefits, including salary. Seen in 3 SEC filings.
Note: 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.
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Which definition should you use?
🤔 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
- Total Annual Compensation means the sum of an individual's base salary, regular earnings, bonuses, overtime, commissions, incentive payments, and dedicated contributions.
Relevant Contract Types
- Employment Contract
- Independent Contractor Agreement
- Sales Commission Agreement
- Executive Compensation Agreement
Relevant Circumstances
- When hiring a new employee
- When renewing or modifying an existing employee contract
- When hiring a contractor or freelancer
- When establishing or modifying an executive's compensation
Relevant Sectors
Genie Definition 2
- Total Annual Compensation means an individual's annual cash compensation inclusive of salary and benefits.
Relevant Contract Types
Relevant Circumstances
- When employing consultants or technical specialists
- In service agreements where compensation is linked to specified services
- During negotiations around changes in compensation or benefits packages
Relevant Sectors
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Total Annual Compensation means the sum of an individual's base salary, regular earnings, bonuses, overtime, commissions, incentive payments, and dedicated contributions.
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