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41 U.S.C. § 4301 — Definitions

Federal law — U.S. Code and appendices · legal_authorities

41 U.S.C. § 4301 — Definitions

In this chapter: (1) **Compensation.—** — The term “compensation”, for a fiscal year, means the total amount of wages, salary, bonuses, and deferred compensation for the fiscal year, whether paid, earned, or otherwise accruing, as recorded in an employer’s cost accounting records for the fiscal year. (2) **Covered contract.—** — The term “covered contract” means a contract for an amount in excess of $500,000 that is entered into by an executive agency, except that the term does not include a fixed-price contract without cost incentives or any firm fixed-price contract for the purchase of commercial products or commercial services. (3) **Fiscal year.—** — The term “fiscal year” means a fiscal year established by a contractor for accounting purposes. (4) **Senior executive.—** — The term “senior executive”, with respect to a contractor, means the 5 most highly compensated employees in management positions at each home office and each segment of the contractor.

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Stable record: federal_law:legal_authorities:record_usc_32809454db7f7e5dc04125aa
Source file: Laws/federal/codes/united-states-code/title-41/section-4301-definitions--0a84b7d172.md
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Source location: Title 41, Chapter 43, § 4301; chapter-043-chapter-43.md

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In this chapter: (1) **Compensation.—** — The term “compensation”, for a fiscal year, means the total amount of wages, salary, bonuses, and deferred compensation for the fiscal year, whether paid, earned, or otherwise accruing, as recorded in an employer’s cost accounting records for the fiscal year. (2) **Covered contract.—** — The term “covered contract” means a contract for an amount in excess of $500,000 that is entered into by an executive agency, except that the term does not include a fixed-price contract without cost incentives or any firm fixed-price contract for the purchase of commercial products or commercial services. (3) **Fiscal year.—** — The term “fiscal year” means a fiscal year established by a contractor for accounting purposes. (4) **Senior executive.—** — The term “senior executive”, with respect to a contractor, means the 5 most highly compensated employees in management positions at each home office and each segment of the contractor.

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Federal law — U.S. Code and appendices · legal_authorities

6 U.S.C. § 453b — Litigation management

**(a) Federal cause of action** (1) **In general** — There shall exist a Federal cause of action for claims arising out of, relating to, or resulting from an act of terrorism when qualified anti-terrorism technologies have been deployed in defense against or response or recovery from such act and such claims result or may result in loss to the Seller. The substantive law for decision in any such action shall be derived from the law, including choice of law principles, of the State in which such acts of terrorism occurred, unless such law is inconsistent with or preempted by Federal law. Such Federal cause of action shall be brought only for claims for injuries that are proximately caused by sellers 11 So in original. Probably should be “Sellers”. that provide qualified anti-terrorism technology to Federal and non-Federal government 22 So in original. Probably should be “Government”. customers. (2) **Jurisdiction** — Such appropriate district court of the United States shall have original and exclusive jurisdiction over all actions for any claim for loss of property, personal injury, or death arising out of, relating to, or resulting from an act of terrorism when qualified anti-terrorism technologies have been deployed in defense against or response or recovery from such act and such claims result or may result in loss to the Seller. **(b) Special rules** In an action brought under this section for damages the following provisions apply: (1) **Punitive damages** — No punitive damages intended to punish or deter, exemplary damages, or other damages not intended to compensate a plaintiff for actual losses may be awarded, nor shall any party be liable for interest prior to the judgment. (2) **Noneconomic damages** (A) *In general* — Noneconomic damages may be awarde

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Federal law — U.S. Code and appendices · legal_authorities

41 U.S.C. § 1127 — Determining benchmark compensation amount

**(a) Definitions.—** In this section: (1) **Benchmark compensation amount.—** — The term “benchmark compensation amount”, for a fiscal year, 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 at the time the determination under subsection (b) is made. (2) **Benchmark corporation.—** — The term “benchmark corporation”, with respect to a fiscal year, means a publicly-owned United States corporation that has annual sales in excess of $50,000,000 for the fiscal year. (3) **Compensation.—** — The term “compensation”, for a fiscal year, means the total amount of wages, salary, bonuses, and deferred compensation for the fiscal year, whether paid, earned, or otherwise accruing, as recorded in an employer’s cost accounting records for the fiscal year. (4) **Fiscal year.—** — The term “fiscal year” means a fiscal year a contractor establishes for accounting purposes. (5) **Publicly-owned united states corporation.—** — The term “publicly-owned United States corporation” means a corporation— (A) organized under the laws of a State of the United States, the District of Columbia, Puerto Rico, or a possession of the United States; and (B) whose voting stock is publicly traded. (6) **Senior executives.—** — The term “senior executives”, with respect to a contractor, means the 5 most highly compensated employees in management positions at each home office and each segment of the contractor. **(b) Determining Benchmark Compensation Amount.—** For purposes of [section 4304(a)(16) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section4304/a/16&num=0&edition=prelim) and [section 3744(a)(16) of title 10](https://uscode.house.gov/view.

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Federal law — U.S. Code and appendices · legal_authorities

41 U.S.C. § 4301 — Definitions

Page 129 TITLE 41—PUBLIC CONTRACTS § 4301 (2) WHO IS ELIGIBLE.—The task and delivery order ombudsman shall be a senior agency of- ficial who is independent of the contracting of- ficer for the contracts and may be the execu- tive agency’s advocate for competition. (Pub. L. 111–350, § 3, Jan. 4, 2011, 124 Stat. 3782; Pub. L. 111–383, div. A, title X, § 1075(f)(5)(B), Jan. 7, 2011, 124 Stat. 4376; Pub. L. 112–81, div. A, title VIII, § 813, Dec. 31, 2011, 125 Stat. 1491; Pub. L. 114–260, § 2, Dec. 14, 2016, 130 Stat. 1361; Pub. L. 114–328, div. A, title VIII, § 835(b), Dec. 23, 2016, 130 Stat. 2285; Pub. L. 116–92, div. A, title VIII, § 826, Dec. 20, 2019, 133 Stat. 1491.) AMENDMENT NOT SHOWN IN TEXT This section was derived from section 253j of former Title 41, Public Contracts, which was amended by Pub. L. 110–181, div. A, title VIII, § 843(b)(2)(C), Jan. 28, 2008, 122 Stat. 239, to add subsec. (e), from which subsec. (f) of this section was derived, prior to being repealed and reen- acted as this section by Pub. L. 111–350, §§ 3, 7(b), Jan. 4, 2011, 124 Stat. 3677, 3855. The direc- tory language of section 843(b)(2)(C) of Pub. L. 110–181 was amended by Pub. L. 111–383, div. A, title X, § 1075(f)(5)(B), Jan. 7, 2011, 124 Stat. 4376. For applicability of that amendment to this section, see section 6(a) of Pub. L. 111–350, set out as a Transitional and Savings Provi- sions note preceding section 101 of this title. Section 843(b)(2)(C) of Pub. L. 110–181 was amended by striking ‘‘paragraph (1)’’ and in- serting ‘‘subparagraph (A)’’. HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 4106(a) ........ 41:253j(g). June 30, 1949, ch. 288, title III, § 303J, as added Pub. L. 103–355, title I, § 1054(a), Oct

Source: Supplied 2024 U.S. Code historical extraction · 41 U.S.C. § 4301

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