From Longman Business Dictionary
emolumente·mol·u·ment /ɪˈmɒljəməntɪˈmɑːl-/ noun [countableC usually plural] formal money and any other form of payment that someone, especially a lawyer, doctor, accountant etc, gets for the work that they do. The money earned by company directors who are not employees of the companies concerned can also be referred to as emolumentsHis pay was described as ‘director emoluments’ and he paid tax as a self-employed person.