Remuneration Agreement
/rɪˌmjuːnəˈreɪʃən əˈɡriːmənt/
Definitions
- (n.) A contract specifying the terms and conditions under which remuneration is paid for services rendered or work performed.
The parties signed a remuneration agreement to formalize the consultant's payment schedule.
- (n.) An agreement outlining compensation arrangements between employer and employee or contractor, often detailing salary, bonuses, and benefits.
The remuneration agreement clearly stated the employee's base salary and eligible bonuses.
Forms
- remuneration agreement
- remuneration agreements
Related terms
See also
Commentary
Remuneration agreements are crucial for clarifying payment obligations and preventing disputes; precise language on calculation and timing of payments aids enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.