2012-003 - Laserfiche WebLink

Home Browse Search

b . The total compensation of the five most highly compensated executives of any subrecipient. E . Definitions . For purposes of this award term : 1 . Entity means all of the following , as defined in 2 CFR part 25 : a . A Governmental organization , which is State , local government or Indian Tribe ; b . A foreign public entity , c . A domestic or foreign nonprofit organization , d . A domestic or foreign for- profit organization ; and e . A Federal agency , but only as a sub recipient under an award or subaward to a non - Federal entity . 2 . Executive means officers , managing partners , or any other employees in management positions . 3 . Subaward : a . This term means a legal instrument to provide support for the performance of any portion of the substantive project or program for which you received this award and that you as the recipient award to an eligible subrecipient . b . The term does not include your procurement of property and services needed to carry out the project or program (for further explanation , see Sec . 210 of the attachment to OMB Circular A- 133 , "Audits of States , Local Governments , and Non - Profit Organizations" ) . c . A subaward may be provided through any legal agreement , including an agreement that you or a subrecipient considers a contract . 4 . Subrecipient means an entity that : a . Receives a subaward from you (the recipient) under this award , and b . Is accountable to you for the use of the Federal funds provided by the subaward . 5 . Total compensation means the cash and noncash dollar value earned by the executive during the recipient ' s or subrecipient' s preceding fiscal year and includes the following ( for more information see 17 CFR 229 . 402 ( c ) ( 2 ) ) : a . Salary and bonus . b . Awards of stock , stock options , and stock appreciation rights . Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No . 123 ( Revised 2004 ) ( FAS 123R ) , Shared Based Payments .