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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 to <br /> an eligible subrecipient . <br /> b . The term does not include your procurement of property and services <br /> needed to carry out the project or program (for further explanation, see <br /> Sec ._. 210 of the attachment to OMB Circular A - l33 , "Audits of <br /> States , Local Governments , and Non - Profit Organizations ") . <br /> c . A subaward may be provided through any legal agreement , including <br /> an agreement that you or a subrecipient considers a contract . <br /> 4 . Subrecipient means an entity that : <br /> a. Receives a subaward from you (the recipient) under this award ; and <br /> b . Is accountable to you for the use of the Federal funds provided by the <br /> 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 the <br /> dollar amount recognized for financial statement reporting purposes <br /> with respect to the fiscal year in accordance with the Statement of <br /> Financial Accounting Standards No . 123 (Revised 2004) (FAS 123R) , <br /> Shared Based Payments . <br /> c . Earnings for services under non - equity incentive plans . This does not <br /> include group life , health, hospitalization or medical reimbursement <br /> plans that do not discriminate in favor of executives , and are available <br /> 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 . <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) for <br /> the executive exceeds $ 10 , 000 . <br /> 39 <br />