Common use of Annual Compensation Clause in Contracts

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary and cash bonus paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during prior to the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or the three calendar years ending during year immediately preceding the calendar year in which the Date of Termination occurs, whichever year is higher.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary and cash bonus paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during prior to the calendar year in which the Date of Termination occurs, provided that the highest base salary and the highest cash bonus may be paid in separate years.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary compensation paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs, including base salary and bonuses under any employee benefit plans of the Employers.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary compensation paid to the Executive by the Employers or any subsidiary thereof during and included in the Executive’s gross income for tax purposes and any income earned and deferred by the Executive pursuant to any plan or arrangement of the three Employers during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary compensation paid to the Executive by the Employers or any subsidiary thereof during and included in the Executive's gross income for tax purposes and any income earned and deferred by the Executive pursuant to any plan or arrangement of the three Employers during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or the three calendar years ending during year immediately preceding the calendar year in which the Date of Termination occurs, whichever year is higher.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary Base Salary and bonus paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary Base Salary and bonus paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary and cash bonus paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during prior to the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers Employer or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or the calendar year immediately preceding the calendar year in which the Date of Termination occurs, whichever year is higher.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary aggregate Base Salary and any cash bonus paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and other cash compensation paid to the Executive (including cash compensation deferred at the election of the Executive) by the Employers or any subsidiary thereof during any of the three calendar years ending (i) during the calendar year in which the Date of Termination occurs (determined on an annualized basis), or (ii) either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs, whichever is greater.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary and cash bonus paid to the Executive by the Employers Corporation, the Bank or any subsidiary thereof of either entity during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending prior to the calendar year in which the Date of Termination occurs, plus the average of the annual bonus paid to the Executive by the Employers or any subsidiary during the three calendar years ending prior to the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers Savings Bank or any subsidiary thereof during any of the three calendar years ending during immediately prior to the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof Corporation during any of the three calendar years ending during immediately prior to the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary salary, cash incentive compensation, and stock and stock option awards paid and granted to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "’s “Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers Employer or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or the calendar year immediately preceding the calendar year in which the Date of Termination occurs, whichever year is higher.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during preceding the Date of Termination, including the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary and bonus paid to the Executive by the Employers Corporation, the Bank or any subsidiary thereof of either entity during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.

Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary and bonus paid to the Executive by the Employers or any subsidiary thereof during any the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the three two calendar years ending during immediately preceding the calendar year in which the Date of Termination occurs.