indirect compensation

indirect compensation

Medical practice The aggregate of benefits–eg, payment of health and malpractice insurance permiums, pension contribution, books and journal subscriptions, paid CME, paid vacation, car leasing, etc, given to an employee in addition to a base salary or wages. Cf Direct compensation.
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A tow truck company license is required if a business moves or removes disabled, illegally parked or abandoned motor vehicles or vehicles involved in accidents by another motor vehicle for direct or indirect compensation.
The agriculture ministry launched a new scheme in 2016 where farmers are given an amount of money if they leave 10 per cent of their crops or fruit unharvested so that mouflons and other animals can eat them as a form of indirect compensation for damage.
In this regard, ERISA Section 408(b)(2) regulations require that service providers disclose all direct and indirect compensation they receive in connection with their services to plans.
"Article IX, Sub-Article B, Section 8, Civil Service Commission of the 1987 Philippine Constitution provides that "No elective or appointive public officer or employee shall receive additional, double, or indirect compensation, unless specifically authorized by law, nor accept without the consent of Congress, any present, emolument, office or title of any kind from any foreign government"," Belmonte pointed out.
This means you should pay particular attention to both your direct and indirect compensation, and any affiliated services and/or proprietary products.
* understanding direct and indirect compensation paid with plan assets to determine its reasonableness, and
Under BICE, advisors and financial institutions must estimate the amount of direct and indirect compensation that results from their recommendations.
The right mix of direct compensation (wages, salaries, commissions, and bonuses) and indirect compensation (health insurance, paid time off, retirement plans, etc.) is key.
It excludes all indirect compensation under existing laws such as, but not limited to life and retirement insurance benefits; employee compensation insurance; health insurance; Pag-Ibig Fund benefits; and Provident Fund benefits.
Pratley does not receive direct or indirect compensation for these services.
For the error caused by the heat deformation, compensation methods are divided into direct and indirect compensation. Direct compensation directly measures the drift displacements between the tool and the work piece to compensate positioning errors.
The Department of Labor's ERISA (Employee Retirement Income Security Act) Advisory Committee approved two recommendations in late September 2014 recommending that the Department require disclosure of direct and indirect compensation, such as rebates obtained by the PBM.