Define: Compensatory Allowance

How is Compensatory Allowance defined in a legal contract?

• Compensatory Allowance means an allowance granted to meet personal expenses required by the special circumstances when a duty is performed
  Seen in 31 SEC Filings
• Compensatory Allowance means a settled amount of money that a government decides is payable to the chairman or any other member of a committee in the form of travel allowance, daily allowance, conveyance allowance or house rent allowance. This serves to enable the chairman or other member to recoup any expenses incurred in attending any committee meeting or in performing any other function as a committee member.
  Seen in 11 SEC Filings
• Compensatory Allowance means an allowance provided to a Teacher/Officer/Employees to cover personal expenses caused by the circumstances under which duty is performed. It includes traveling allowance.
  Seen in 10 SEC Filings
• Compensatory Allowance means any amount of money payable to the post holder by way of a daily allowance, conveyance allowance, house rent allowance, or travelling allowance to cover any expenses incurred in performing the functions of that office.
  Seen in 9 SEC Filings

Please note that several other definitions have been omitted as they contain specific references to organizations, agencies, and locations that are not suitable for global use.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of compensatory allowance’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Compensatory Allowance means an approved allowance to cover personal expenses necessitated by special circumstances related to duty performance.

Relevant Contract Types

• Employment Agreement
• Independent Contractor Agreement
• Consulting Agreement
• Director’s Service Agreement

Relevant Circumstances

• Hiring employees or independent contractors
• Engaging consultants for specific projects
• Appointing directors to board positions
• Reimbursement of personal expenses incurred while working remotely

Relevant Sectors

• Professional Services
• Information Technology
• Consulting

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Genie Definition 2

• Compensatory Allowance means a predetermined sum granted to [Role-title] to reimburse expenses incurred in executing [Role-tasks], including but not limited to travelling.

Relevant Contract Types

• Service Agreement
• Partnership Agreement

Relevant Circumstances

• Engaging service providers for certain tasks
• Forming partnerships between businesses
• Employees travelling for work related purposes

Relevant Sectors

• Hospitality
• Travel and Tourism
• Transport Services

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