{"identifier":"/us/usc/t10/s3741","title":10,"num":"\u00a7\u202f3741.","heading":"Definitions","text":"\u00a7\u202f3741.\nDefinitions\nIn this subchapter:\n(1)\nCompensation.\u2014\nThe term \u201ccompensation\u201d, for a year, means the total amount of wages, salary, bonuses and deferred compensation for the year, whether paid, earned, or otherwise accruing, as recorded in an employer\u2019s cost accounting records for the year.\n(2)\nCovered contract.\u2014\nThe term \u201ccovered contract\u201d means a contract for an amount in excess of $500,000 that is entered into by the head of an agency, except that such 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.\n(3)\nFiscal year.\u2014\nThe term \u201cfiscal year\u201d means a fiscal year established by a contractor for accounting purposes.\n(4)\nHead of the agency.\u2014\nThe term \u201chead of the agency\u201d or \u201cagency head\u201d does not include the Secretary of a military department.\n(5)\nAgency.\u2014\nThe term \u201cagency\u201d means the Department of Defense, the Coast Guard, and the National Aeronautics and Space Administration.","url":"https://projectusc.org/usc/t10/s3741.html","content":[{"t":"sec","id":"/us/usc/t10/s3741","children":[{"t":"num","text":"\u00a7\u202f3741."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"In this subchapter:"},{"t":"para","id":"/us/usc/t10/s3741/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Compensation.\u2014"},{"t":"content","text":"The term \u201ccompensation\u201d, for a year, means the total amount of wages, salary, bonuses and deferred compensation for the year, whether paid, earned, or otherwise accruing, as recorded in an employer\u2019s cost accounting records for the year.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s3741/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Covered contract.\u2014"},{"t":"content","text":"The term \u201ccovered contract\u201d means a contract for an amount in excess of $500,000 that is entered into by the head of an agency, except that such 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.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s3741/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Fiscal year.\u2014"},{"t":"content","text":"The term \u201cfiscal year\u201d means a fiscal year established by a contractor for accounting purposes.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s3741/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Head of the agency.\u2014"},{"t":"content","text":"The term \u201chead of the agency\u201d or \u201cagency head\u201d does not include the Secretary of a military department.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t10/s3741/5","children":[{"t":"num","text":"(5)"},{"t":"heading","text":"Agency.\u2014"},{"t":"content","text":"The term \u201cagency\u201d means the Department of Defense, the Coast Guard, and the National Aeronautics and Space Administration.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}