; (ii) define the compensation (subject to subparagraph (B)) and duties of those employees; and (iii) establish a system of organization to fix responsibility and promote efficiency. (B) Salaries The salaries of officers and employees of the Institute shall be equivalent to the salaries provided for under the General Schedule under section 5332 of title 5, United States Code. (C) Salary cap No regular officer or employee of the Institute may receive a salary that exceeds the salary of the Chief Executive. (d) Corporate powers Except as otherwise specifically provided in this Act, the Institute— (1) shall have succession in its corporate name; (2) may sue and be sued in its corporate name; (3) may adopt and use a corporate seal, which shall be judicially noticed; (4) may make contracts; (5) may adopt, amend, and repeal bylaws; and (6) may purchase or lease, hold, and dispose of such real and personal property as the Institute deems necessary or convenient in the transaction of its business. (e) Nonprofit organization defined In this section, the term nonprofit organization means an organization— (1) described in section 501(c)(3) of the Internal Revenue Code of 1986