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2 . Executive means officers , managing partners , or any other employees in <br /> management positions . <br /> 3 . Subaward : <br /> a . This term means a legal instrument to provide support for the <br /> performance of any portion of the substantive project or program for <br /> which you received this award and that you as the recipient award <br /> to an eligible subrecipient. <br /> b . The term does not include your procurement of property and <br /> services needed to carry out the project or program (for further <br /> explanation , see Sec. . 210 of the . attachment to OMB Circular A- <br /> 133 , "Audits of States , Local . Governments , and Non- Profit <br /> Organizations") . <br /> c . A subaward may be provided through any legal agreement, <br /> including an agreement that you or a subrecipient considers a <br /> contract . <br /> 4 . Subrecipient means an entity that: <br /> a . Receives a subaward from you (the recipient) under this award ; <br /> and <br /> b . Is accountable to you for the use of the Federal funds provided by <br /> the subaward . <br /> 5 . Total compensation means the cash and noncash dollar value earned by the <br /> executive during the recipient' s or subrecipient' s preceding fiscal year and <br /> includes the following (for more information see 17 CFR 229 . 402 (c) (2) ) : <br /> a . Salary and bonus . <br /> b . Awards of stock , stock options , and stock appreciation rights . Use <br /> the dollar amount recognized for financial statement reporting <br /> purposes with respect to the fiscal year in accordance with the <br /> Statement of Financial Accounting Standards No . 123 ( Revised <br /> 2004) ( FAS 123R) , Shared Based Payments . <br /> c . Earnings for services under non -equity incentive plans . . This does <br /> not include group life , health , hospitalization or medical <br /> reimbursement plans that do not discriminate in favor of executives , <br /> and are available generally to all salaried employees . <br /> d . Change in pension value . This is the change in present value of <br /> defined benefit and actuarial pension plans . 7 <br /> e . Above-market earning . on deferred compensation which is not tax- <br /> qualified . <br /> f: Other compensation , if the aggregate value of all such other <br /> compensation (e .g . severance , termination payments , value of life <br /> insurance paid on behalf of the employee , perquisites or property) <br /> for the executive exceeds $ 10 , 000 . <br /> Article X — Summary Description of Project <br />