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4.9 SR 07-15-2024
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4.9 SR 07-15-2024
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7/15/2024
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MnDOT Contract No. 1056895 <br /> <br /> <br />9 <br />iii. Earnings for services under non‐equity incentive plans. This does not include group life, <br />health, hospitalization or medical reimbursement plans that do not discriminate in favor <br />of executives, and are available generally to all salaried employees. <br />iv. Change in pension value. This is the change in present value of defined benefit and <br />actuarial pension plans. <br />v. Above‐market earnings on deferred compensation which is not tax qualified. <br />17.5.2. Other compensation, if the aggregate value of all such other compensation (e.g. severance, <br />termination payments, value of life insurance paid on behalf of the employee, perquisites or <br />property) for the executive exceeds $10,000. <br />17.5.3. The Local Government must report executive total compensation described above to the MnDOT by <br />the end of the month during which this Agreement is awarded. <br />17.5.4. The Local Government will obtain a Unique Entity Identifier (UEI) number and maintain this number <br />for the term of this Agreement. This number shall be provided to MnDOT on the plan review <br />checklist submitted with the plans for each project. <br />17.5.5. The Local Government’s failure to comply with the above requirements is a material breach of this <br />Agreement for which the MnDOT may terminate this Agreement for cause. The MnDOT will not be <br />obligated to pay any outstanding invoice received from the Local Government unless and until the <br />Local Government is in full compliance with the above requirements. <br /> <br />[THE REMAINDER OF THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK.] <br />Page 180 of 389
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