Determination of Benchmark Compensation Amount for Certain Executives, 19661 [2010-8641]
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Federal Register / Vol. 75, No. 72 / Thursday, April 15, 2010 / Notices
reduce the likelihood of child labor and
forced labor in the production of goods.
ILAB welcomes any and all information,
which could include, e.g., codes of
conduct, standards used to implement
such codes of conduct, auditing/
monitoring systems, supply-chain
management practices designed to
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homework, and other challenging work
environments, training modules,
reporting practices, collaborative
practices and strategies, grassroots
projects, or other relevant information.
ILAB is also seeking information on
government practices to collaborate
with private sector entities to reduce
child labor and forced labor in the
production of goods. Submissions may
include documents in various formats,
such as policy statements, reports, and
case studies. However, the specific
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important provided that the document
presents and/or evaluates practices
implemented by business entities, or
governments in partnership with
business entities, to reduce the
likelihood of child labor and forced
labor in the production of goods.
Information should be submitted to
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information that can be used to inform
the development of tools and resources
to be disseminated publicly on the DOL
Web site and/or in other publications.
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documents that cannot be shared with
the public will not be used.
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and of many other practices as
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VerDate Nov<24>2008
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Signed at Washington, DC this 12th day of
April, 2010.
Sandra Polaski,
Deputy Undersecretary, Bureau of
International Labor Affairs.
[FR Doc. 2010–8642 Filed 4–14–10; 8:45 am]
BILLING CODE 4510–28–P
OFFICE OF MANAGEMENT AND
BUDGET
Determination of Benchmark
Compensation Amount for Certain
Executives
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 benchmark
compensation amount for certain
executives that will be allowable under
Government contracts during
contractors’ Fiscal Year 2010—
$693,951. This determination is
required under Section 39 of the Office
of Federal Procurement Policy 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, Office of Federal
Procurement Policy, Office of
Management and Budget, telephone at
202–395–6805 and e-mail:
rwong@omb.eop.gov.
Daniel I. Gordon,
Administrator, Office of Federal Procurement
Policy.
Memorandum for the Heads of
Executive Departments and Agencies
From: Daniel I. Gordon,
Administrator, Office of Federal
Procurement Policy.
Subject: Determination of Benchmark
Compensation Amount for Certain
Executives, Pursuant to Section 39 of
the Office of Federal Procurement
Policy Act, 41 U.S.C. 435, as amended.
This memorandum sets forth the
benchmark compensation amount for
certain executives as required by
Section 39 of the Office of Federal
Procurement Policy (OFPP) Act, as
amended. Under Section 39, the
benchmark compensation amount for
certain executives is the median amount
of the compensation provided for all
senior executives of all benchmark
corporations for the most recent year for
which data is available. The benchmark
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19661
compensation benchmark amount for
certain executives established by
Section 39 limits the allowability of
compensation costs under Government
contracts as implemented at FAR
31.205–6(p), limiting the amount of
reimbursable executive compensation.
The benchmark compensation amount
for certain executives does not limit the
compensation that an executive may
otherwise receive. This amount is based
upon a review of 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 determination is made on the
median (50th percentile) amount of
compensation over a recent 12-month
period for the five most highly
compensated employees in management
positions at each home office and each
segment of all publicly-owned
companies with annual sales over $50
million. Compensation for the fiscal
year means the total amount of wages,
salary, bonuses and deferred
compensation for the year, whether
paid, earned, or otherwise accruing, as
recorded in the employer’s cost
accounting records for the year. 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
certain executives for the contractors’
Fiscal Year (FY) 2010 is $693,951. This
amount is for contractors’ FY 2010 and
subsequent contractor fiscal years,
unless and until revised by OFPP. The
benchmark compensation amount for
certain executives applies to contract
costs incurred after January 1, 2010,
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. 2010–8641 Filed 4–14–10; 8:45 am]
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[Federal Register Volume 75, Number 72 (Thursday, April 15, 2010)]
[Notices]
[Page 19661]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-8641]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Determination of Benchmark Compensation Amount for Certain
Executives
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 benchmark compensation amount for
certain executives that will be allowable under Government contracts
during contractors' Fiscal Year 2010--$693,951. This determination is
required under Section 39 of the Office of Federal Procurement Policy
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, Office of Federal
Procurement Policy, Office of Management and Budget, telephone at 202-
395-6805 and e-mail: rwong@omb.eop.gov.
Daniel I. Gordon,
Administrator, Office of Federal Procurement Policy.
Memorandum for the Heads of Executive Departments and Agencies
From: Daniel I. Gordon, Administrator, Office of Federal
Procurement Policy.
Subject: Determination of Benchmark Compensation Amount for Certain
Executives, Pursuant to Section 39 of the Office of Federal Procurement
Policy Act, 41 U.S.C. 435, as amended.
This memorandum sets forth the benchmark compensation amount for
certain executives as required by Section 39 of the Office of Federal
Procurement Policy (OFPP) Act, as amended. Under Section 39, the
benchmark compensation amount for certain executives is the median
amount of the compensation provided for all senior executives of all
benchmark corporations for the most recent year for which data is
available. The benchmark compensation benchmark amount for certain
executives established by Section 39 limits the allowability of
compensation costs under Government contracts as implemented at FAR
31.205-6(p), limiting the amount of reimbursable executive
compensation. The benchmark compensation amount for certain executives
does not limit the compensation that an executive may otherwise
receive. This amount is based upon a review of 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 determination is made on
the median (50th percentile) amount of compensation over a recent 12-
month period for the five most highly compensated employees in
management positions at each home office and each segment of all
publicly-owned companies with annual sales over $50 million.
Compensation for the fiscal year means the total amount of wages,
salary, bonuses and deferred compensation for the year, whether paid,
earned, or otherwise accruing, as recorded in the employer's cost
accounting records for the year. 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 certain executives for the contractors' Fiscal Year (FY) 2010 is
$693,951. This amount is for contractors' FY 2010 and subsequent
contractor fiscal years, unless and until revised by OFPP. The
benchmark compensation amount for certain executives applies to
contract costs incurred after January 1, 2010, 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. 2010-8641 Filed 4-14-10; 8:45 am]
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