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Compensation Program for Officers and Certain Key Management...

Fulton Georgia Compensation Program for Officers and Certain Key Management Personnel with attachments

Name: Fulton Georgia Compensation Program for Officers and Certain Key Management Personnel with attachments
Brand: US Legal Forms
Rating: 4.69 (446 reviews)

Category:

Corporations - Public - Incentive Compensation Plans

State:

Multi-State

County:

Fulton

Control #:

US-CC-20-297D

Format:

Instant download

Description

20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)

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FAQ

IAS 24 Related Party Disclosures requires disclosures about transactions and outstanding balances with an entity's related parties.

When related parties enter into transactions, disclosures must include: the names of the transacting related parties; a description of the relationship between the parties; a description of the transactions; the amounts involved; any other elements of the transactions necessary for an understanding of the accounts;

AASB 124.9 defines Key Management Personnel (KMP) as those persons having the authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, i.e. those charged with decision-making responsibilities.

Compensation of key management personnel Employee benefits are all forms of consideration paid, payable or provided by the entity, or on behalf of the entity, in exchange for services rendered to the entity. It also includes such consideration paid on behalf of a parent of the entity in respect of the entity.

If an entity has had related party transactions during the periods covered by the financial statements, IAS 24 requires it to disclose the nature of the related party relationship as well as information about those transactions and outstanding balances, including commitments, necessary for users to understand the

Key management personnel compensation disclosure 17 An entity shall disclose key management personnel compensation in total and for each of the following categories: (a) short-term employee benefits; (b) post-employment benefits; (c) other long-term benefits; (d) termination benefits; and (e) share-based payment.

'all forms of consideration paid by a charity in exchange for the service rendered by employees, including trustees, and include all remuneration, salary, benefits, profit-sharing and bonuses, employer's pension contributions and any termination payments made.

'Key management personnel are the people with authority and responsibility for planning, directing and controlling the activities of an entity, directly or indirectly, including any director (whether executive or otherwise) of that entity.

Key management personnel are defined as persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity (IAS ).

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625 per share, outstanding as of December 31, 2005 was 492,790. Following key outcomes: • Keeps our commitment to raise pay for police officers and fire fighters;.• Avoids layoffs or furloughs for staff;. Contained in the Official Code of Georgia, Title 44, Chapter 7. These are just some of the types of projects that require a Building Permit. Of the total number of certain kinds of crimes arc reported to the police. Managing Director, Global Head of Real Estate. Later, Butte. Organization's current and former officers, directors, trustees, key employees, and highest compensated employees?

Fulton Georgia Compensation Program for Officers and Certain Key Management Personnel with attachments

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What would be the minimum disclosure requirements as per IAS 24 for the joint venture?

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What are the main disclosures requirements under IAS 24?

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