Club Membership: The perquisite
value of expenditure (including the fee) in a club borne or reimbursed by the employer is included in the taxable income.
The crimson damask bed made for the King's private apartment at St James's Palace in 1725 is a possible contender for the Duke's perquisite
Under the new tax rules, the non- cash perquisites
will be added to the employees' salary and tax will be deducted according to the applicable rate.
announced that it is eliminating all perquisites
for its four named executive officers, effective at the end of the year.
In the most recent year, the median value of aircraft-related perquisites
for Fortune 100 chief executives reached $121,676, representing a 12.
The salary for this purpose of calculating the 15 per cent perquisite
value would include the pay, allowances, bonus or commission, as well as any other monetary payment.
Koors noted that corporate filings have long included a line item for the value of "other" compensation, typically executive perquisites
such as use of corporate aircraft, vehicles and lodgings.
Copies of the survey, "Executive Perquisites
," are available for $175 from Coopers & Lybrand's Human Resource Advisory Group, 1301 Avenue of the Americas, Room 9-93A, New York, NY 10019-6013 (212-259-1521).
Under Turner's compensation program, all staff members can receive, based on their performance, a combination of salaries, bonuses, and profit-sharing payments each year, in addition to the equity awards that are a perquisite
Alan Shortall, Unilife Chairman and Chief Executive Officer, has agreed to a 100% reduction of his base salary and the elimination of perquisites
, through December 31, 2015.
Freedom of expression is one of the perquisites
for a country to develop.
Once the coalition is recognized regionally and internationally, a transitional government will be formed, he said, adding that "international recognition, protection and genuine material support on all levels are perquisites
for a transitional government to work out".