Sentences with phrase «cap on the compensation»

Section 162 (m) of the Code imposes a $ 1.0 million cap on the compensation deduction that a public company may take in respect of compensation paid to our «covered employees» (which includes our Chief Executive Officer and our next three most highly compensated employees other than our Chief Financial Officer), but excludes from the calculation of amounts subject to this limitation any amounts that constitute «qualified performance - based compensation,» or «QPBC,» within the meaning of Section 162 (m) of the Code.

With New York's arbitration law set to expire on June 30, Governor Andrew Cuomo's 2013 - 14 Executive Budget included statutory language imposing 2 percent cap on compensation cost increases resulting from arbitration, defining «compensation» to include health benefits while excluding steps and longevity increments.

Texas has very strict and specific laws where medical negligence is concerned, including caps on compensation.

For instance, the UK may look to apply a cap on the compensation that can be claimed in discrimination claims (currently unlimited), in the same way that a cap applies in unfair dismissal claims.

Furthermore, in cases that include constructive dismissal, whistleblowing, health, and safety concern or wrongful dismissal, there is no cap on the compensation amount.

While the statutory cap on compensation for unfair dismissal has crept upwards (it is now # 63,500) the rules governing the award of damages for wrongful dismissal have remained, for the most part, not only stable but also consistent with the general principles of contract law.

As recent cases such as Watkinson (ET 1702168 / 2008 and 1702079 / 2009) have demonstrated, there is ample incentive for unfair dismissal claimants to allege that the reason for dismissal was, for example, the fact that protected disclosures had been made, because the statutory cap on compensation does not apply in such cases.

Many also feel that removing the cap on compensation for unfair dismissal would result in a reduction of more complex discrimination and whistleblowing claims.

I have heard talk of a proposal to reintroduce the rather historic cap on the compensation that can be awarded by Employment Tribunals for discrimination claims, in the same way that there is a limit on the compensation for standard unfair dismissal claims.

Aside from injury to feelings, successful claimants can also pursue loss of earnings and there is no cap on compensation for discrimination.

We talk a lot about medical malpractice caps (see here here and here) and late last month we noticed that some in South Dakota are trying to overturn the state's cruel 32 - year - old cap on compensation for patients hurt by gross medical negligence.

Protected conversations do not, however, apply to discrimination claims for which there is no cap on compensation.

The significance of this was not in relation to the qualifying period (she did have the necessary one year of employment) but was that it would disapply the cap on compensation (and this claimant had been a high earner).

The renters insurance company will specify the length of time your temporary arrangement is covered, and there may be a cap on the compensation awarded.

Not exact matches

The 2015 Liberal election platform had a proposal to limit the benefits of the 50 % employee stock option deduction by placing a cap of $ 100,000 on annual eligible stock option gains but this was dropped after intense lobbying by startups in the tech and resource industry who rely heavily on non-cash compensation such as stock options to attract much needed, specialized talent to their firms.

Also, on account of the uncertain economic conditions in 2009, there was a reduction to the employee stock purchase program (capping employee contributions at 5 % rather than 10 % of eligible compensation).

* Removal of the «cap» on compensation to accident victims.

Unite, Britain's biggest union, says that the government's plan to cap compensation for unfair dismissal is part of a joined - up attack on workers» rights which is turning ordinary working people into scapegoats for the coalition's economic mismanagement.

As compensation, the transport secretary said the government would push for a European cap on aviation emissions, set below current levels.

One compensation is that districts next year will be allowed to raise more money through local property taxes, because the state's baseline cap restriction on taxation will go up to 2 percent — the highest limit since 2013 - 14.

We judgmentally selected 12 payments to 10 of these consultants who were paid at an hourly rate with no evidence of a competitive procurement process or cap on total compensation.»

«Instead, our elected leaders should be focused on how to make the schedule reflect more of a professional compensation, increase the salary cap which drives experienced educators out of the classroom, and restore pay for Master's degrees and advanced degree pay,» said Jewell.

The 2015 Liberal election platform had a proposal to limit the benefits of the 50 % employee stock option deduction by placing a cap of $ 100,000 on annual eligible stock option gains but this was dropped after intense lobbying by startups in the tech and resource industry who rely heavily on non-cash compensation such as stock options to attract much needed, specialized talent to their firms.

Tax advantage: You can deduct the lesser of your contributions or 25 % of net self - employment earnings or compensation — limited to that $ 275,000 cap per employee in 2018 — on your tax return.

When you tilt the portfolio away from cap weighting, you have a riskier portfolio, and if you get a higher rate of return, it is simply compensation for taking on more risk.

The bills set up a cap and trade scheme on carbon pollution, with related legislation concerning green energy and compensation.

No cap has been set on claims to be paid, though BP expects to pay out $ 7.8 billion in compensation.

On many occasions, we were pressured by developed countries and other groups to give way on our positions regarding a) loss and damage (i.e. compensation for developing countries suffering from the effects of climate change) and a b) 1.5 °C cap on global temperaturOn many occasions, we were pressured by developed countries and other groups to give way on our positions regarding a) loss and damage (i.e. compensation for developing countries suffering from the effects of climate change) and a b) 1.5 °C cap on global temperaturon our positions regarding a) loss and damage (i.e. compensation for developing countries suffering from the effects of climate change) and a b) 1.5 °C cap on global temperaturon global temperature.

He intends to raise limits on the fund, which currently caps compensation at $ 50,000 per claim and $ 250,000 for all claims involving the same lawyer.

Meanwhile, injured Nevada patients are experiencing a double whammy because they are also suffering with a draconican «cap» on compensation should they pursue a medical malpractice case.

Talk to one of our experienced Workers» Compensation attorneys about the New York permanent disability cap on Workers» Compensation benefits.

The consultation paper outlines plans to scrap the right to compensation or put a cap on the amount people can claim for minor whiplash injuries.

There is no statutory cap on such compensation.

Whilst I am sure there is little sympathy for senior executives earning large sums in our biggest corporations, the fact is that with the cap on unfair dismissal compensation, in reality, there is no such thing as employment protection for those individuals against unfair dismissal.

The Court of Appeal dismisses Horizon's appeal; finds the wording of s. 50 (4) clear and unambiguous and finds «there is no room for this Court to literally «legislate» a cap on damages» in the Workers» Compensation Act.

Virginia law does not impose a general cap on damages that would apply to limit your recovery in truck accident cases, although Virginia Code Section 8.01 - 38.1 limits compensation for punitive damages to $ 350,000.

Caps on awards for pain and suffering establish arbitrary compensation which act as a one size fits all and show to increase claim costs and the amount of administration involved in personal injury cases.

Juan Magdaleno, the victim's brother, said the families were aware of the constraints on Lichtman in dividing up the compensation fund but are angered by the federal cap that he says disrespects accident victims.

As can be seen from the foregoing, whether by chance or by design, insurance litigation in Alberta not only places the onus on Plaintiffs to prove their case, but also imposes numerous additional hurdles, caps and limits to compensation and treatment.

There is no cap on the amount of total compensation you will be awarded in any state, especially once you add in punitive damages, if any.

For example, if you are out of work, workers compensation only pays you two thirds of your wages and there is a cap on how much they will pay.

The initiative would have amended the Medical Injury Compensation Reform Act (MICRA) of 1975 to lift the cap on medical malpractice damages, require drug and alcohol testing of doctors, and create a prescription database to curb overprescribing and the drug overdose epidemic.

The New South Wales Motor Accidents Compensation Act 1999 placed a cap on damages for non-economic loss (ie pain and suffering), loss of earnings and gratuitous care.

Of potentially even greater significance than the ruling on the cap is the impact of any ruling that pensioners in receipt of PPF compensation must receive at least half of any entitlements to annual increases in their pension.

Dear Raghav, I believe that If you hold multiple PA policies, in case of an admissible claim, you shall get compensation from all policies, unless a policy has a cap on maximum payment.

NAR urged the CFPB to fix the cap on fees and points with regard to counting of originator compensation, GSE loan level price adjustments, and title insurance charges.

The amendments also revised rules on how to calculate loan origination compensation for purposes related to the 3 % cap on fees and points in the QM rule.

It's difficult to isolate any one measure on which to hang pay performance, says Wright, who compared compensation to a variety of factors, including the average company market cap growth (17.3 percent in 2005), average company net income growth (12.1 percent) and average EPS growth (17.9 percent).