Determination of Executive Compensation Benchmark Amount, 23893 [E9-11837]

Download as PDF Federal Register / Vol. 74, No. 97 / Thursday, May 21, 2009 / Notices DEPARTMENT OF LABOR DEPARTMENT OF LABOR Employment and Training Administration Employment and Training Administration [TA–W–65,847] [TA–W–65,757] Corning, Incorporated, Blacksburg Virginia Plant, Environmental Products Division, Christiansburg, VA; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on April 6, 2009 in response to a petition filed by the United Steelworkers of America, Local 1022 on behalf of workers of Corning, Incorporated, Blacksburg Virginia Plant, Environmental Products Division, Christiansburg, Virginia. The petitioner has requested that the petition be withdrawn. Therefore, the investigation under this petition has been terminated. Signed at Washington, DC, this 27th day of April, 2009. Linda G. Poole, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–11873 Filed 5–20–09; 8:45 am] Timbar Packaging and Display, Oneida Division, Vernon, NY; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on April 24, 2009 in response to a petition filed by a company official on behalf of workers of TimBar Packaging and Display, Oneida Division, Vernon, New York. The petitioner has requested that the petition be withdrawn. Therefore, the investigation under this petition has been terminated. Signed at Washington, DC, this 27th day of April 2009. Linda G. Poole, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–11845 Filed 5–20–09; 8:45 am] BILLING CODE 4510–FN–P OFFICE OF MANAGEMENT AND BUDGET BILLING CODE 4510–FN–P Office of Federal Procurement Policy DEPARTMENT OF LABOR Determination of Executive Compensation Benchmark Amount AGENCY: Office of Federal Procurement Policy, OMB. ACTION: Notice. Employment and Training Administration [TA–W–64,913] Phillips Plastics Corporation, Custom Division, Including On-Site Leased Workers From Manpower, Phillips, WI; Notice of Termination of Investigation dwashington3 on PROD1PC60 with NOTICES Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on January 15, 2009 in response to a petition filed on behalf of workers of Phillips Plastics Corporation, Custom Division, Phillips, Wisconsin. The petitioner has requested that the petition be withdrawn. Consequently, the investigation has been terminated. Signed at Washington, DC, this 22nd day of April 2009. Linda G. Poole, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–11846 Filed 5–20–09; 8:45 am] BILLING CODE 4510–FN–P VerDate Nov<24>2008 13:08 May 20, 2009 Jkt 217001 SUMMARY: The Office of Management and Budget is publishing the attached memorandum to the Heads of Executive Departments and Agencies concerning the determination of the maximum benchmark compensation amount that will be allowable under government contracts during contractors’ fiscal year 2009—$684,181. This determination is required under Section 39 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 435) as amended. The benchmark compensation amount applies equally to both defense and civilian procurement agencies. FOR FURTHER INFORMATION CONTACT: Raymond Wong, OFPP, at 202–395– 6805. 23893 Subject: Determination of Executive Compensation Benchmark Amount, Pursuant to Section 39 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 435), as amended. This memorandum sets forth the benchmark compensation amount as required by Section 39 of the OFPP Act, as amended. Under Section 39, the benchmark compensation amount is the median amount of the compensation provided for all senior executives of benchmark corporations for the most recent year for which data is available. The benchmark compensation amount established by Section 39 limits the allowability of compensation costs under government contracts in accordance with FAR 31.205–6(p). The benchmark compensation amount does not limit the compensation that an executive may otherwise receive. This amount is based on data from commercially available surveys of executive compensation that analyze the relevant data made available by the Securities and Exchange Commission. More specifically, as required by Section 39 of the OFPP Act, the data used is the median (50th percentile) amount of compensation accrued over a recent 12-month period for the top five highest paid executives of publicly traded companies with annual sales over $50 million. After consultation with the Director of the Defense Contract Audit Agency, we have determined pursuant to the requirements of Section 39 that the benchmark compensation amount for contractors’ fiscal year (FY) 2009 is $684,181. This amount is for contractors’ FY 2009 and subsequent contractor fiscal years, unless and until revised by OFPP. The benchmark compensation amount applies to contract costs incurred after January 1, 2009, under covered contracts of both the defense and civilian procurement agencies as specified in Section 39 of the OFPP Act (41 U.S.C. 435), as amended. Questions concerning this memorandum may be addressed to Raymond Wong, OFPP, at 202–395– 6805. [FR Doc. E9–11837 Filed 5–20–09; 8:45 am] BILLING CODE P Lesley A. Field, Acting Administrator. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION Memorandum for the Heads of Executive Departments and Agencies Notice of Information Collection From: Lesley A. Field, Acting Administrator, Office of Federal Procurement Policy. AGENCY: National Aeronautics and Space Administration (NASA). Notice: (09–042). PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1

Agencies

[Federal Register Volume 74, Number 97 (Thursday, May 21, 2009)]
[Notices]
[Page 23893]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-11837]


=======================================================================
-----------------------------------------------------------------------

OFFICE OF MANAGEMENT AND BUDGET

Office of Federal Procurement Policy


Determination of Executive Compensation Benchmark Amount

AGENCY: Office of Federal Procurement Policy, OMB.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Office of Management and Budget is publishing the attached 
memorandum to the Heads of Executive Departments and Agencies 
concerning the determination of the maximum benchmark compensation 
amount that will be allowable under government contracts during 
contractors' fiscal year 2009--$684,181. This determination is required 
under Section 39 of the Office of Federal Procurement Policy (OFPP) Act 
(41 U.S.C. 435) as amended. The benchmark compensation amount applies 
equally to both defense and civilian procurement agencies.

FOR FURTHER INFORMATION CONTACT: Raymond Wong, OFPP, at 202-395-6805.

Lesley A. Field,
Acting Administrator.

Memorandum for the Heads of Executive Departments and Agencies

    From: Lesley A. Field, Acting Administrator, Office of Federal 
Procurement Policy.
    Subject: Determination of Executive Compensation Benchmark Amount, 
Pursuant to Section 39 of the Office of Federal Procurement Policy 
(OFPP) Act (41 U.S.C. 435), as amended.
    This memorandum sets forth the benchmark compensation amount as 
required by Section 39 of the OFPP Act, as amended. Under Section 39, 
the benchmark compensation amount is the median amount of the 
compensation provided for all senior executives of benchmark 
corporations for the most recent year for which data is available. The 
benchmark compensation amount established by Section 39 limits the 
allowability of compensation costs under government contracts in 
accordance with FAR 31.205-6(p). The benchmark compensation amount does 
not limit the compensation that an executive may otherwise receive. 
This amount is based on data from commercially available surveys of 
executive compensation that analyze the relevant data made available by 
the Securities and Exchange Commission. More specifically, as required 
by Section 39 of the OFPP Act, the data used is the median (50th 
percentile) amount of compensation accrued over a recent 12-month 
period for the top five highest paid executives of publicly traded 
companies with annual sales over $50 million. After consultation with 
the Director of the Defense Contract Audit Agency, we have determined 
pursuant to the requirements of Section 39 that the benchmark 
compensation amount for contractors' fiscal year (FY) 2009 is $684,181. 
This amount is for contractors' FY 2009 and subsequent contractor 
fiscal years, unless and until revised by OFPP. The benchmark 
compensation amount applies to contract costs incurred after January 1, 
2009, under covered contracts of both the defense and civilian 
procurement agencies as specified in Section 39 of the OFPP Act (41 
U.S.C. 435), as amended.
    Questions concerning this memorandum may be addressed to Raymond 
Wong, OFPP, at 202-395-6805.

[FR Doc. E9-11837 Filed 5-20-09; 8:45 am]
BILLING CODE P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.