Mr Alexander said he was "not aware... of any tax benefit to the individual concerned" when he approved Mr Lester's salary level.
That is tricky, because his salary level makes him ineligible to fund a retirement vehicle, such as a Roth or spousal Roth, that would provide tax-free income in the future.
After HRR is determined and a salary cap level is established, the players also have the ability to increase the salary cap number by 5-percent to account for expected revenue growth in the coming season.
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Workers can earn their current salary, even a low-level salary, and still consider themselves successful because they put more weight on other things, like personal and professional accomplishments, contributing to something meaningful, experiences that are enriching both professionally and personally, and good work-life balance, Haefner says.
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Few people living on this level of salary could afford this type of loss.
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This is also because, unlike American sports where drafts and salary caps tend to level the playing field over time, soccer teams in the same league can have radically different resources, sometimes by a factor of 10 or more.
Even with such approval, flexible pay can only rise to twice the level of fixed salary.
While underlying inflation in China is around 2%, average annual salary increases for mid-level and senior managers are now 6-10%.
Sumner Redstone's company, which owns MTV Networks and Paramount Pictures, said it would be suspending salary increases for senior-level management in 2009, as well as write down the value of certain programming and other assets.
Some corporate boards ought to at least consider a return to what was once the norm in both America and Europe (and still is in Japan) and largely ditch pay-for-performance and instead pay largely through a straight salary (most lower-level employees are paid this way).
Salaries have soared to the point where some professional leagues have introduced salary caps in an attempt to level the playing field between rich clubs in major television markets and poorer teams in less lucrative markets.
Of course, NCAA members could always practice fiscal restraint independently, or perhaps they could even implement a salary cap on coaches at the conference level.
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The personal income of each member of the management team, from board members to middle-level managers, is limited to their salary, incentive bonus and stock dividends provided by the company, with policies to ensure that no one in the company abuses their power for self-serving purposes.
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Teachers there used to earn half the minimum salary, and few had themselves been educated beyond primary level.
Annual bonuses for senior manager level can be up to 25% annual salary.
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Hong Kong firms are not required to disclose individual executives' salaries, but they do have to publish salary levels and say how many people earned within each level.
These long-term incentives, which have been widely used in the Netherlands for the last decade, can make up anywhere from 10% to over 50% of an executive's total compensation -- at the CEO level, options can be worth more than the salary-plus-bonus cash compensation.
According to the Pensions Corporation, another consultancy, a 35-year-old who funds a DC scheme at such a level will retire on just 8% of his final salary if interest rates are low.
Higher level officers would not pay taxes on the portion of their salary equal to the top senior enlisted members' amount.
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Negotiators for the players' union and Major League Baseball will stay at the bargaining table until late Thursday night, trying to resolve increases in revenue sharing and the level of a luxury tax on high-payroll teams that would slow salary increases.
The risk retained by the employer depends on the level of the cap - and the extent to which it is increased each year - relative to average salary levels in the scheme.
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