How is Pensionable Salary defined in a legal contract?
- Pensionable Salary means the total of paid salary, wages, and compensation considered as pensionable income to the employees of a [organization]. Seen in 7 SEC filings.
- Pensionable Salary means that portion of pensionable remuneration which links to salary and pensionable variable allowances, if any. It differs from pensionable remuneration by excluding pensionable fixed periodic allowances. Seen in 5 SEC filings.
- Pensionable Salary means an individual’s basic monthly salary combined with any other income. Seen in 4 SEC filings.
- Pensionable Salary means the monthly, weekly, daily, or hourly wage of an active member and should include additional benefits. Seen in 3 SEC filings.
- Pensionable Salary means the basic salary or wage of a member from his employer along with any allowances from the employer determined to be included for this purpose, excluding all other allowances. 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
Pensionable Salary means the total of paid salary, wages, and compensation considered as retirement income for [organization] employees.
Relevant Contract Types
Relevant Circumstances
- Discerning workers' retirement pay or benefits
- Drawing up employee contracts involving pensions or retirement plans
- Establishing the financial terms of severance or retirement packages
Relevant Sectors
Genie Definition 2
Pensionable Salary means an individual’s basic monthly salary combined with any other income, excluding other allowances.
Relevant Contract Types
Relevant Circumstances
- Calculating payments during employment termination or retirement
- Designing compensation packages for consultants or contractors
- Detailing the salary component of overall employee income
Relevant Sectors
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Pensionable Salary means the total of paid salary, wages, and compensation considered as retirement income for [organization] employees.
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