Compensation


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Compensation

Arrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods.

Compensation

Payment for services rendered. One is due compensation when one has performed a service for an employer or client. Examples of compensation include wages, salaries, tips, fees, and commissions. Compensation is usually the primary component of an individual's tax liability. It is also called remuneration.

compensation

(1) Payment for goods or services.(2) Damages necessary to restore an injured party to his or her position before the wrongdoing.(3) In eminent domain, payment to property owners for the value of the property taken and any damage caused to the value of the remaining property.

Compensation

Wages, commissions, tips, professional fees, and net self-employment income received for services rendered; that is, earned income.
References in periodicals archive ?
Now is the time to prepare and inform yourself and, if necessary, assist your clients in making the necessary changes to meet the new deferred compensation requirements without incurring penalties.
Many real estate investment trusts are working with new metrics to formulate their executive compensation plans, according to the Schonbraun McCann Group (SMG), a national real estate financial consulting firm.
They advocate their points by parading highly paid CEOs in front of the media and comparing CEO compensation to that of the minimum wage workers (implicitly assuming that minimum wage workers have the same productivity levels as Chief Executives).
"Deferred compensation" generally refers to an arrangement to pay an employee for services well after the services are performed.
Pilot compensation and learning occurred at a rate not possible without motion.
Deferred compensation is compensation that, while earned now, is paid to you or made available at a later date.
"The database is at the core of all critical IT solutions and computing environments, including compensation management," said Reed Taussig, president and CEO of Callidus Software.
[In our view, the compensation issue shows a serious corruption in modern U.S.
Bill Richardson, energy secretary at the time, in announcing an early version of the compensation plan for workers, said that "the government is done fighting workers, and now we're going to help them."
Executive compensation has always been part art and part science.
[1] Instead, it attempts to demonstrate succinctly the legal framework under which compensation issues should be incorporated into a resolution of current water disputes, thereby providing Israeli and Palestinian negotiators with a threshold point for seriously and practically addressing compensation concerns more generally.

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